Cotton yarn price falls at a slower speed

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 underselling. Conventional cotton yarn declined 1,000-1,500yuan/mt cumulatively in mid- to late Mar yet 0-500yuan/mt in Apr. High-count cotton yarn like compact-spun combed 60S decreased 1,500-2,000yuan/mt in mid- to late Mar yet 0-500yuan/mt in Apr.

The retard of cotton yarn price decline is partly due to the rebound of cotton price, and on the other hand, it also reflects that downstream orders do not deteriorate continually.