Last week, the peak season signal is not obvious, yarn prices continue to fall, cotton yarn futures follow Zheng cotton down, cotton factory spot production profits slightly improved, but the overall turnover is limited, textile enterprises on the "gold nine silver ten" confidence is insufficient. On August 16, the price of rayon cotton 30S was 17,200 yuan/ton, the price remained unchanged from last week; The price of all cotton 32S is 21,630 yuan/ton, down 240 yuan from last week, down 1.10%; The price of polyester 32S was 11,900 yuan/ton, down 100 yuan or 0.83% from last week. 6. Future market outlook

At the macro level, stronger overseas economic data last week helped ease market fears of a US recession. However, it still takes time to release the effect of a number of domestic policies to promote economic development, and if there is no more obvious positive events, the market will remain under pressure in the short term.

From the industry level, USDA's reduction of US cotton production and weather disturbances in US cotton producing areas are expected to have a certain support effect on cotton prices in the near future, but the continued weak demand for US cotton exports makes the support limited. Domestic new cotton production is still expected to maintain high production, coupled with the current peak season is not obvious, domestic cotton prices are still lack of upward momentum, still need to pay attention to the actual demand recovery in the peak season and new cotton acquisition dynamics.

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