1. Price Quotes

　　According to business agency data, the price of 21S cotton yarn on the 30th was around 25450 yuan/ton, and the price on the 3rd was around 25366 yuan/ton, down 84 yuan/ton from last Friday, or 0.33%, and 2.28% month-on-month.

　　 2. Market analysis

　　 The pure cotton yarn market remained weak this week, with fewer purchase transactions, weaker inquiries and orders from downstream textile companies, and overall poor trading. Cotton yarn futures fell more than Zheng Cotton this week, and rebounded against the trend on Friday. On September 3, the average price of China's cotton index 3128B grade was 17,954 yuan/ton, down 241 yuan/ton from last Friday. The price of cotton fell this week and rose with the futures market until Friday.

　　 3. Downstream industry chain

　　 There are not many new orders from downstream weaving enterprises, and the operating rate has dropped. In the case of just-needed purchases, cotton yarn spot delivery is slow. With the downward adjustment of cotton yarn prices, downstream cotton prices began to fall for the first time since August. At the end of the day, international shipping costs have risen sharply, leading to the fact that foreign orders are ahead of schedule, and downstream apparel companies are not selling as well as previous years in the peak season.

　　 New cotton picking is approaching, cotton production is reduced, and seed cotton is rushed to harvest. In addition, the situation of "Golden Nine and Silver Ten" that textile enterprises pay attention to is not as expected. In the future, depending on whether the market demand improves, the cotton yarn market is expected to fluctuate in the short term.