As of February 25, 2021, CY C32S pure cotton yarn closed at 25,450 yuan/ton, an increase of 1,455 yuan/ton in just one week.
The ex-factory price of cotton yarn is adjusted once a day or even twice a day, and the profit of spinning has increased compared with the fourth quarter of 2020, mainly due to the low inventory of cotton and cotton yarn in cotton spinning mills, sufficient liquidity, and the surge in crude oil, chemical sources and chemicals, etc. Increasing inflation and so on. As of February 25, the immediate profit of textile enterprises was 1,500 yuan/ton.
Judging from the quotations of cotton yarns by spinning enterprises, the prices of cotton yarns of various varieties are now up 1500-2000 yuan/ton compared with before the Spring Festival. The cotton spinning mills are full of confidence in this year's production and operation, and the purchase and sales after the holiday are quickly on the right track. In terms of start-up, the holiday time for textile enterprises in 2021 will be postponed before the start of the year. After the year, the start-up will be advanced and the start-up will resume faster. According to the comparison of the lunar calendar, the start-up rate on the eighth day of the holiday is nearly 10% higher than that in 2018 and 2019.
In terms of cotton yarn sales and shipments, the idea of rushing to make pre-holiday orders and completing the contract in time was adjusted in time. Instead, the pre-holiday orders were completed in installments, and the supply of high-priced cotton yarn purchased after the holiday was given priority and actively shipped.