Views:5 Author:Site Editor Publish Time: 2019-12-25 Origin:Site
Recently, spot cotton yarn price was weaker than cotton and cotton yarn mills faced large cost pressure. Take carded 32S as an example. The spot profit of carded 32S was at around -100yuan/mt.
3. Operating rate and inventory
As some varieties softened, the inventory of cotton yarn mills stopped falling and tended stable, and it has large potential to inch up later. At present, it was averaged at 21.7 days, a low level.
Overall operating rate kept steady at about 47.9%. It may decline gradually as orders reduce and the end of the year is coming.