The immediate profit and loss of cotton yarn is large

2022/4/21
The immediate profit loss of cotton yarn is large, and the spot price of domestic cotton yarn has basically continued to decline recently. On the one hand, the demand continues to be weak, the traditional peak season of "Gold Three Silver Four" fails, the demand for downstream orders continues to be weak, the spot profit of cotton yarn is not good, and the cotton yarn inventory continues to rise, and the inventory pressure is large. On the other hand, starting from March, the domestic epidemic spread in many places, resulting in poor logistics, which exacerbated the weak demand. Around the end of March, the strong sales intention of the ginners caused the spot price to continue to fall, but the spot transaction still failed to improve. In the short term, the spot price of domestic cotton yarn is still weak. After the epidemic is brought under control, the demand for cotton yarn may improve. The improvement in export demand is the key to the medium-term price.