Views: 1 Author: Site Editor Publish Time: 2019-12-25 Origin: Site
5. The mindset of downstream weavers
Trading sentiment of cotton grey fabric sustained poor now. The orders from local market and overseas markets were inadequate and the inventory increased slightly. Orders of weavers were mainly from regular customers. Homogeneous competition was also fierce while differential products performed well. With the year coming to an end, many weavers were burdened by repayment and wages of workers, and most of them thought cotton yarn hard to move up in short run, so they kept purchasing cotton yarn by small orders. Therefore, downstream demand cannot lend support to cotton yarn.
In conclusion, cotton yarn trading sustains stable appearance and has not shown obvious weakness since Nov, but the divergences among varieties are apparent. As for later market, cotton yarn price is expected to keep stable with regional decrease and the divergences will continue amid lack of confidence.