According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong and other places, after mid-November, inquiries and shipments of low-count yarns such as OE8S-OE16S yarn and Pakistan 8S-16S siro spinning have declined more and more obviously; denim The demand for C21 and below yarn counts from factories, towel factories and low-end bedding products continues to decrease; some traders have begun to reduce and suspend the purchase of air-spun yarns, Indian and Pakistani cotton yarns below 16S, and Vietnamese cotton yarns since September. At present, they are working hard to clean up low-cost yarns Imported yarn inventory; on the other hand, expanded C21-C40S mid-to-high packaged bleached cotton yarn signed for December/January/February shipping date.
Middlemen in Qingdao, Shanghai and other places said that in the past half month, the inventory of bonded and customs-cleared air-end spinning yarns at ports has continued to increase slightly. Except for C32 and C40 packaged bleached yarns, the transaction volume was surprisingly poor, and the overall trading volume of foreign yarns was low. Active, cotton yarn quotations from India, Vietnam and other countries are relatively weak in US dollars and RMB.
From the survey, although the ex-factory price of domestic yarn has generally increased by 300-500 yuan/ton recently (the higher the count, the greater the room for increase), and the RMB exchange rate upgrade trend is relatively obvious, but from traders, middlemen Judging from the statistics of merchants, there is little hope for imported yarn to compete with the snipe and the clam, and the fisherman will profit. First, the situation of downstream weaving, clothing, and foreign trade orders has not improved much in October and November. With the arrival of the off-season in the domestic market, Terminal consumer demand for low-count and medium-low cotton yarns has fallen; secondly, Sino-US trade negotiations have once again reached a stalemate. The decline in China’s textile and clothing exports to Europe and the United States has become more and more obvious, and the impact on enterprises is getting greater and greater. Winter is approaching. According to customs statistics, in October 2019, my country’s textile and clothing exports were US$22.868 billion, down 6.74% month-on-month and 1.67% year-on-year; the decline in textile and clothing exports to the United States was particularly prominent; third, the cotton textile mills’ reserve cotton stocks were consumed in large quantities , gradually purchasing new cotton and imported cotton in 2019/20, cotton yarn matching, quality and stability have been comprehensively improved, and the competitiveness of imported Indian and Pakistani yarn has declined. </p
