Views: 0 Author: Site Editor Publish Time: 2023-01-10 Origin: Site
On the one hand, the expectation on future cotton yarn market turned from pessimistic to slightly optimistic as the release of epidemic control policy increased the confidence of market participants and ZCE cotton futures were firm. Downstream fabric mills and traders had few stocks in hand, and the stocking willingness increased obviously compared to previous stage. On the other hand, it was heard that orders in fabric mills improved, and the holiday planned at previous time delayed. Guangdong Zhongda fabric market had few stocks, so the traders there had firm demand for restocking after the opening of market. The rigid demand improved on the whole. Besides, the operating rate of cotton yarn mills was still relatively low, and the inventory began to reduce amid the improvement of demand.