The market has been sluggish recently, and trading conditions in all links have been poor. Cotton yarn prices are still weak, and spot trading has declined.
The inventory of textile enterprises is high, the number of production cuts and suspensions has increased, and market confidence is weak. The off-season for pure cotton grey fabrics continues. Some weaving mills reported that there has been basically no improvement in recent orders, the processing order costs are low, it is difficult to say that there is profit, and subsequent orders are unclear. The sales of conventional pure cotton grey fabrics in weaving mills have weakened, and the inventory has increased compared with the previous period, and the inventory pressure continues to increase.
Printing and dyeing factories are generally under-operated, and some factories have already taken turns to rest. Unstable factors such as sea freight have led to an increase in customers' wait-and-see attitude.
Jiangyin area: The overall orders in June shrank significantly, the shipment volume of conventional varieties decreased, the dyeing factory had insufficient orders, the pre-treatment was concentrated in production, and the adjustment and rest phenomenon was obvious. There are orders and prices can be negotiated.
Xiaoshao area: The market was relatively weak last week, mainly small and medium-sized orders, the off-season situation was obvious, the sales volume of conventional varieties decreased significantly, and the prices were also uneven. Cotton prices have been hovering at a low level, and bearish views have become the mainstream, which has also had a significant impact on downstream orders. There is no lowest order price, only lower. Printing and dyeing companies have also recently experienced insufficient orders, and full-load production has been difficult to maintain.
Nantong area: Last week, the overall market order shipments were average, mainly small batch orders, and the shipment volume of conventional varieties was average. The market quotation competition was fierce, and the price difference was relatively large. Futures cotton raw materials fell slightly, factory spot inventory increased, and inventory spot was shipped at a low price. Local printing and dyeing companies have insufficient orders, small batches of colors are common, and the sample orders are not as good as before, and the subsequent orders are not ideal.
Yancheng area: The market was relatively weak last week, there were not many foreign trade orders, and the demand trend for cotton products was declining. Now the development is mainly based on special raw material blends.
