Affected by the "seven consecutive declines" in ICE cotton futures since January 28, coupled with the rapid increase in the volume of imported cotton yarn arriving at ports and entering warehouses since December, and the approaching year-end, cotton yarn traders have shown a stronger willingness to sell goods to recoup funds, leading to widespread promotional discounts. Quotations for bonded, spot, and vessel cargo of Vietnamese, Indian, Bangladeshi, and Indonesian cotton yarn at ports have remained stable with slight declines, while FOB/CNF/CIF quotations for cotton yarn from Uzbekistan, Pakistan, and other origins have remained steady. PriceSeek's analysis of cotton yarn shows a bearish score of -1. Due to the continuous decline in ICE cotton futures, the raw material cost of cotton yarn has decreased. Since December, the supply of imported cotton yarn has increased rapidly, and with the approaching year-end, traders have intensified their efforts to sell goods and recoup funds, resulting in widespread promotional discounts. This has led to stable-to-declining quotations for bonded, spot, and vessel cargo cotton yarn at ports (such as Vietnamese and Indian yarn). Combined with cotton yarn futures data, the settlement price of the 2605 contract was 20,400 yuan/ton, down 25.00 yuan, with a trading volume of 6,709 lots and an increase of 360 lots in open interest, indicating downward pressure on futures prices. Overall, this has a generally bearish impact on both spot and futures prices of cotton yarn.