The U.S. bans imports of products from Xinjiang

In the recent week, domestic and foreign cotton yarn spot prices narrow range, but recently the United States Congress passed a bill to ban the import of all Xinjiang products in the news fermentation in the market again, cotton yarn futures prices fell, the United States ban on the impact of the future market is still to be observed.

First, domestic spot and futures prices rose slightly

Three, polyester short fall short rise

Fourth, future market outlook

1. In August, China's cotton textile climate index increased from month to month and the production index returned to the economic period

2. Textile and apparel sales increased 2.8% month-on-month in August. The epidemic changed consumer preferences

3. The US will pass a bill banning imports of all products from Xinjiang

4. A second wave of the disease threatens to cast a shadow over Europe, and Britain may be locked down for a second time

For more details, click: China Textile Market Weekly (September 21-25, 2020)