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Downstream demand is expected to weaken and the speed is fast amid the pandemic
Price was not an issue now. Market players lacked confidence and faced supply/demand problem. Downstream buyers will continue replenishing only to cover the pressing demand no matter how much price is discounted.
2021-08-04
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Cotton textile and chemical fiber downstream holiday schedule-to start LNY earlier?
Overall cotton yarn market was weak since this year and cotton yarn prices went downtrend, but different varieties showed divergence in price. Low-count yarn trading was better than high-count yarn. It was obvious that carded yarn sales were better than combed yarn’s, which was shown greatly in cotton yarn price.
2021-08-04
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Textile sector could hardly boom despite economci resilience
According to CCFGroup, business on downstream textiles end-user market was mainly in stagnation, similar to the status in Apr. Only some plants saw some seasonal export orders. Most saw modest orders and there were no buyers even sold under losses. Many players hold pessimistic view toward medium-to-long run market trend.
2021-08-04
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