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In terms of later market, the pandemic in Vietnam remained severe in Aug. The soaring sea freight rate and unexpected improvement of downstream orders in China burdened cotton yarn market. Cotton yarn price moved down and more trades were done with thin profit. The spot stocks of imported cotton yar
Cotton yarn price falls at a slower speed.Cotton yarn price is still in downtrend, but the decrease slows down obviously in Apr compared with mid- to late Mar. Some products like carded 40S keep stable in Apr, while other products are still sold with discounts and some large mills are also undersell
ProfitRecently, spot cotton yarn price was weaker than cotton and cotton yarn mills faced large cost pressure. Take carded 32S as an example. The spot profit of carded 32S was at around -100yuan/mt.3. Operating rate and inventoryAs some varieties softened, the inventory of cotton yarn mills stopped
3. Profit of cotton yarn mills deteriorates gradually.Spot profit of cotton yarn mills decreases all the way alongside the rise of cotton price and it approaches cost line even if using state reserved cotton. That is to say, they are at a loss no matter using stocked cotton or spot cotton, which is
