According to feedback from the light textile market in coastal areas such as Jiangsu, Zhejiang, and Guangdong, the quotations for cargo, bonded and port-cleared cotton yarn have shown an overall stabilization since early June (Indian yarn FOB/CNF/CIF continues to rebound slightly), with inquiries and shipments The pattern of goods is weak; among them, Vietnamese yarn showed “a slight increase in open-end spinning and a slight decrease in ring spinning”, and the transactions of JC21, JC32S, and JC40S cotton yarns were not smooth; the quotation of Pakistan 8S-16S Siro spinning yarn was “stable in the external market and weak in the internal market. “.
The recent outbreak of the new crown epidemic in Guangdong (currently, in addition to Guangzhou, Foshan, Zhongshan, Shenzhen and other places have launched large-scale nucleic acid testing overnight) has had a great impact on the textile market, weaving and The impact on clothing companies and others has also significantly exceeded expectations.
A textile import and export company in Zhejiang said that except for the high-quality compact spun carded C26-C40S cotton yarn produced in India, Vietnam and other producing areas, downstream enterprises’ inquiries and order arrangements are relatively tight. The sales of yarn and high-count combed/carded yarn of 50S and above have been unsatisfactory for two or three consecutive weeks. The company said that due to the “sideways” shipping quotations of yarn mills in Vietnam, India and Pakistan and the substantial increase in FOB quotations; the sea freight not only skyrocketed and “it was hard to find a cabin”, and the trend of the RMB exchange rate was temporarily uncertain after the central bank took action. It is clear, so we have suspended price inquiries and signed contracts for cotton yarns from India, Pakistan, Uzbekistan and other places with far-month shipping dates.
According to surveys and statistics from some traders, the growth of total port bonded + customs cleared cotton yarn in mid-May was slower than that in March/April, and the phenomenon of bonded warehouses “exploding” It is rare. First, the COVID-19 outbreak in Southeast Asian countries such as India, Pakistan, and Indonesia since late March has severely impacted the acceptance, arrangement, production, and delivery of orders by yarn mills, and the execution of some contracts has had to be postponed; second, the This is due to the sharp increase in sea freight, the shortage of containers, and the suspension of operations of some Southeast Asian ports due to the epidemic, which have led to a significant decline in the enthusiasm of yarn mills for shipping and bonding; third, due to the customs clearance and entry of other imported goods except cotton at ports such as Qingdao, Zhangjiagang, Ningbo, and Guangzhou, There are also long queues at warehouses; in addition, port warehousing fees in coastal areas are relatively high and cotton yarn consumption areas are concentrated in the inland. Therefore, the cotton imported by some cotton yarn trading companies is mostly scattered and stored in inland bonded zones such as Jiangsu, Henan, Shandong, and Hebei. It is not as highly concentrated as foreign cotton; fourth, the RMB continued to appreciate sharply in March/April/May, and the U.S. government implemented a broad import ban on Xinjiang cotton products; while cotton yarn imports do not require quotas, so some weaving factories and middlemen have taken advantage of bargain hunting Replenishment measures. </p
