Cotton Yarn Fell By 16% Compared With The Same Period Last Year, And Yarn Prices Are Expected To Continue To Fall.

According to the price data of business associations, by August 28th, the average price of 30S cotton yarn in Shandong area was 17066 yuan / ton, up 0.99%, or 166 yuan / ton, basically unchanged from last month. Compared with last month, the price dropped 15.89%, or 3224 yuan / ton, compared with the same period last year, the price dropped sharply. The middle end factory quoted 15600-16000 yuan / ton, and the high-end factory quoted price of 17500 yuan / ton.

The average export price of viscose staple fiber in the upper reaches of the 1.2D*38mm is 11500 yuan / ton, down 3.66%, or 437 yuan / ton, down 22.09%, or 3260 yuan / ton. The price of the factory is maintained at 11400-11600 yuan / ton. Tangshan leads the country's highest price of 12500 yuan / ton, and the viscose manufacturer continues to show a wait-and-see attitude. In July, the price of viscose increased by nearly 1000 yuan, but it was basically in a state of empty inflation, with very few actual orders and weak demand. Viscose enterprises before peers and downstream appear to fill a single wish, the first to make profits to try to sign the bill. The center of gravity of viscose keeps falling. In the market downturn, the viscose factory is willing to make a price for quantity.

Australian Health recently released the 2019 semi annual report, which shows that the actual revenue during the reporting period fell by 33.65% compared with the same period last year. The main selling products of the Australian health products are viscose staple fibers and their difference varieties. They belong to textile raw materials, and the downstream of viscose is yarn. The two products are mainly affected by the relationship between supply and demand.

The Sino US trade war has escalated again. In September 1st, 65% of the textile products would be subject to tariffs. Zheng cotton fell sharply, and the export of textiles and clothing would be affected. Most textile mills lowered their prices. At present, the pressure of the cotton mill is reflected in three aspects: first, the list is too small. Many manufacturers have not received orders in this summer vacation. They can only place their hopes on gold nine silver ten; second, the market mentality of yarn and grey fabric is pessimistic, and even if they take the goods, they are on credit. Third, the stock is still at a high level. The cost of raw yarn is too high because of the high cost of raw materials, but the cost of raw materials is falling, which leads manufacturers to have to sell at a low price for cash flow problems.

To sum up, business analysts believe that the upstream viscose factories offer confusion, and most manufacturers have stopped offering quotations or waiting to see the market. Even big factories are losing money, adjusting their business lines, and even withdrawing from the market. Yarn is still an old question, high stock, and the problem of cash inability to work. Coupled with the problem of Sino US trade in the macro scale, the price of yarn is expected to continue to decline.