From the market survey of Guangdong, Jiangsu, Zhejiang, and Shandong, since late October, port bonded and customs clearance cotton yarn inquiries and shipments have not improved greatly with the increase in ICE and Zheng period. Except for OE8S-OE16S yarn, The sales of C21-C32S knitting yarn were surprisingly poor. Sales of 40S and above carded yarns and JC32S and above high-count combed yarns from India, Vietnam, Indonesia, Uzbekistan and other origins continued to be weak and sluggish. The demand for 8S-16S Pakistani Siro spinning yarn in the Guangdong market has also continued to peak and fall. High prices, insufficient quality stability and the decline in the cotton grade of cotton mills are important reasons.
However, in the past week or so, the supply of C32S medium and high-quality packaged bleached imported yarn in the Zhejiang Shaoxing, Jiangsu Changzhou, and Jiangsu Nantong markets has been somewhat tight. Traders have rushed to transfer goods from Guangdong and Qingdao ports or sign contracts with large manufacturers in Vietnam for immediate delivery. , Indian brand yarn. On the one hand, weaving factories in coastal areas have had a relatively large demand for C32S knitting yarn and woven yarn (including bleaching and self-winding) since October, mainly producing bedding, shirts, high-end towels, etc.; on the other hand, weaving factories in September/October , the middleman C32S yarn inventory is insufficient. Since my country’s weaving, clothing, foreign trade and other enterprises were not optimistic about substantial progress in Sino-US trade negotiations in July, August and September, they took the initiative to remove gauze and clothing stocks; as the prospects for Sino-US negotiations improved in early October, supplementary supplies The library starts quietly.
It is understood that in mid-to-late October, Zheng cotton and spot prices started a continuous rising mode (CF2001 contract started from 11970 Yuan/ton rose to 13,215 Yuan/ton, an increase of 10.4%), and the sales quotation of Nanjiang Library’s “Double 29” hand-picked cotton also rose sharply from 12,500-12,600 Yuan/ton to 13,400-13,500 Yuan/ton (weight settlement). Domestic yarn mills have no profits and even have “upside-down production and sales”, so they have to increase yarn prices by 300-500 yuan/ton (OE yarn and carded yarn C40S and below); during the same period, yarn mills in India, Pakistan, Vietnam and other countries quoted CNF and FOB external quotations It is also on the strong side, and the upward adjustment space closely follows the cotton spot. Therefore, the “spillover” effect of domestic weaving mills and intermediaries’ purchases is not significant. The rebound of yarn mills in India and Pakistan after receiving “futures yarn” orders from Chinese buyers is not obvious.
Fabrics factories in Qingdao, Zibo and other places in Shandong have reported that the current price of C32 domestic and foreign cotton yarn is “upside down” at 100-300 yuan/ton, which is more obvious than in September; but due to the printing The yarn blending cotton of Pakistan and Vietnam is mainly low-quality and late-flowered. The US cotton, Indian cotton, Pakistani cotton, Brazilian cotton, West African cotton, etc. are relatively mixed. In addition, some “OEM” processing of cotton yarn results in overall yarn consistency. , the stability is not ideal, so even though the US dollar against the RMB (offshore) has fallen by nearly 1% since October 1 (onshore fell by 1.13%), the port bonded and customs clearance cotton yarn transactions have still not reached the “wind and water” level. “start” the heat. </p
