The Demand Is Shifted From Import To Domestic, And The Traders Are Not Active In Purchasing

The Demand Is Shifted From Import To Domestic, And The Traders Are Not Active In Purchasing

In the week of November 14-21, the spot market of imported yarn was still flat, with few transactions. Guangzhou Zhongda market was affected by the closure, Foshan Pingdi cowboy market was also notified last week to close all staff nucleic acid, and the market atmosphere was generally pessimistic. With the increase of domestic yarn supply, the demand for the number of imported yarn is less and less, and domestic yarn is generally used. However, the arrival of imported yarn is limited, and the traders do not reduce the price on a large scale. Some of the products are shipped depending on the cost loss.

That week, the price of imported yarn on the outer plate returned to rationality and tried to meet the demand of the Chinese market. However, affected by the expected decline of Xinjiang cotton, Chinese traders generally did not purchase actively, the market traded in small quantities, and the general counter-offer was low. Foreign factories had no choice but to continue to reduce production. According to foreign investors, in addition to some inquiries in China, inquiries in the local and European markets have also started to increase recently. It is believed that the market will gradually improve in the next one or two months, when the serious situation of internal and external cotton yarn hanging upside down may continue.