According to feedback from cotton yarn traders in Guangdong, Jiangsu and Zhejiang and other places, with the continuous upward breakthroughs of Zheng Cotton and ICE, not only the external quotations of cotton yarns from India, Pakistan, Vietnam, Uzbekistan and other places are strong and upward, but also the domestic cotton yarn has falsely increased by 500- Under the premise of 800 yuan/ton, since mid-July, the RMB quotations for port customs clearance yarn from Vietnam, India and Pakistan have been increased by 200-300 yuan/ton.
A trader in Keqiao, Shaoxing said that the increase in imported cotton yarn was obviously weak. On the one hand, the monthly financial cost of cotton yarn + warehousing + insurance + weight loss and other expenses are not less than 200. Yuan/ton; on the other hand, the recent continued depreciation of the RMB has widened the two-way fluctuations in the exchange rate; the cost of cotton yarn imports has also increased slightly.
Several weaving companies and middlemen in Zhejiang, Shandong and other places said that Vietnam has been overwhelmed by the impact of the “Delta” mutant strain. Since the end of June, the number of new confirmed cases every day has been increasing day by day. Ho Chi Minh City and the capital Hanoi have successively announced that they have entered a substantial lockdown (the lockdown is tentatively scheduled for 15 days). Epidemic prevention and control in other areas has also been fully upgraded, and the cotton textile and clothing industries have been affected. The impact has increased significantly. Some Vietnamese yarn mills and export companies have increased order/delivery pressure and have begun negotiating with Chinese buyers to postpone shipments, delivery or terminate contracts. Chinese buyers have to take remedial measures: first, transfer medium and long-term orders to yarn mills in Pakistan and India; second, directly purchase bonded and customs-cleared cotton yarn at ports, but the costs will increase significantly compared with previous contracts.
According to the survey, since mid-July, the price quotation of C32S high-quality, package-bleached cotton yarn traders from India and Vietnam in coastal areas such as Guangdong, Jiangsu and Zhejiang has narrowed to 100-100% compared with domestic cotton yarn. 200 yuan/ton, the trend of integration is becoming more and more obvious. Taking into account factors such as the net weight settlement of imported yarns, the generally higher cotton grade, and the better dyeing effect, the competitiveness of imported cotton yarns has rebounded with the increase in domestic cotton futures. </p
