[Webbing Network] Domestic cotton spot prices continue to be weak. On July 11, a large-scale textile company in Shandong lowered the purchase price of Grade 4 lint cotton. In addition, on July 11, Zheng Mianhe's matchmaking also fell sharply. In addition, textile sales are still not improving, coupled with the tightening of domestic monetary policy, the pressure on textile companies is still increasing.

　　On July 11th, electronic disk matching and Zheng Mian Futures both fell sharply. The performance of the spot market echoed, and there was a joint downward adjustment with the electronic disk. On Saturday, the third-grade lint of a large textile factory in Shandong was lowered to about 22,000 yuan/ton according to the high quality price. However, in the afternoon of July 11, news broke that the textile company once again lowered the purchase price of the fourth-grade lint cotton by 500 yuan/ton, and the adjusted 429 level was 20,900 yuan/ton. The continuous sharp reduction in the purchase price of textile enterprises has increased the terror of cotton enterprises. In addition, cotton companies are under pressure to repay loans and ship actively, most of which are sold at a price. The market as a whole is in a weak position, and most people are not optimistic about the recent market. On the 11th, China's cotton price index (CCIndex328) was 23009 tons, down 124,429 grade cotton to the factory average price of 21730/ton, down 132.

　　Quoted prices for imported cotton from China's main port rose slightly, with various varieties generally rising by 0.20-0.50 cents, while Brazilian cotton fell by 1.5 cents. With the gradual decline in international cotton prices, some foreign cotton quotations for shipment next year are close to the new year's temporary purchase and storage prices, stimulating textile mills to actively purchase, so the forward sales of foreign cotton are becoming more and more active. Last week's US cotton export weekly report is Very good description. Compared with futures, recent offers by cotton traders are relatively strong.

　　On the weekend, the overall cotton yarn market was weak, and the price trend continued to fall. The demand for cotton yarn weaving in the 21s and 32s of the cotton yarn was acceptable. The prices of polyester-viscose yarns and polyester-cotton yarns have steadily declined, but the sales are weak. The price of rayon yarn still fell by inertia. The market of pure polyester yarn products is weak, and the price trend of some varieties has also been lowered. The market price of polyester staple fiber is stable. At present, the average price of polyester staple fiber market is 12650 yuan/T. The price trend of viscose staple fiber is weak. It is expected that the market trend of the yarn in the future market will be mainly adjusted by the weak market.