Recently, cotton yarn traders in Shandong, Jiangsu, Zhejiang, Guangdong and other places reported that driven by the ICE futures market and the decline in foreign cotton spot prices (especially the arrival of the southwest monsoon in the Indian cotton area, which caused widespread rainfall, the domestic cotton ex-factory price in India continued to decline. ), the CIF quotations of cotton yarns from India, Pakistan, Vietnam, Indonesia, Uzbekistan, Turkmenistan and other origins have fallen slightly. On the one hand, since May and June, due to the decrease in inquiries and orders from Chinese buyers, some India, Pakistan, Vietnam The product inventories of large and medium-sized yarn mills are showing a mid-range growth trend, but there are still no signs of improvement in orders in August and September. In order to ensure the operation of capital flow, yarn mills and exporters have reduced prices to promote sales; on the other hand, the recent ICE market After falling below the 70 cent mark, it stabilized and rebounded slightly against the strong support level of 65 cents/pound. The RMB after customs clearance of US cotton EMOT SM, Indian cotton S-6 and West African (Benin, Mali, Cameroon, etc.) foreign cotton The quotations were adjusted to 17,300-17,500 yuan/ton, 16,200-16,400 yuan/ton and 16,700-16,900 yuan/ton, a drop of more than 500 yuan/ton from mid-June. The costs of spinning mills have declined, and profits have rebounded from low levels; It is also worth noting that due to the passive appreciation of the RMB, the import costs of cotton, cotton yarn, etc. have dropped, and the pressure on foreign trade exports has increased.
From July 21st to 24th, the CIF quotations of brand A, A+ yarn C21S and C32S yarn from India and Vietnam were 2.92-2.95 US dollars/kg and 3.15-3.18 US dollars/kg respectively, which were lower than those in May and June. 0.03-0.05 US dollars/kg. The quotations of B-grade C21S and C32S yarns of many small and medium-sized yarn mills have been adjusted to about 2.85 US dollars/kg and 3.10 US dollars/kg. The quotations of Malaysian and Thai yarns with the same count are slightly lower than those of Indian and Pakistani yarns by 0.02-0.03 US dollars. /kg, while some yarn mills in Indonesia and Vietnam mainly use high-grade American cotton, West African cotton and even Australian cotton and other cotton yarn quotations are 0.02-0.05 cents higher than Indian and Pakistani yarns; C40S and above high count India, Uzbekistan The price differences between , Turkmenistan, Turkey, and Mexico are relatively large. Chinese buyers’ recognition of cotton yarns produced by Central Asian and South American manufacturers continues to increase. Many weaving factories and traders in Shandong, Henan, Jiangsu, Guangdong and other places have begun to try JC21S, JC21S, JC32S and JC40S are imported. However, due to the high price of combed yarn and high count yarn and the greater impact of cotton distribution, equipment and worker proficiency, most buyers order 2-3 containers at a time. There are not many orders for more than 5 containers. It is understood that the current CIF quotations of JC21S, JC32 and JC40S yarns are mostly concentrated at 3.10-3.15 US dollars/kg, 3.55-3.60 US dollars/kg, 3.80-3.85 US dollars/kg. The decline is basically the same as that of carded yarn, while Qingdao, Jiangsu and Zhejiang, etc. The RMB quotations of locally imported Indian and Pakistani C21S, C32, and C40S yarns are concentrated at 21,200-21,500 yuan/ton, 23,500-23,800 yuan/ton, and 24,500-25,000 yuan/ton, and Vietnamese yarn, Thai yarn, and Malaysian yarn have the same number of printing. The price difference of Basha has narrowed to 200-300 yuan/ton.
Some foreign businessmen and importers reported that since 2014, due to the difficulty of importing cotton, imported chemical fiber raw materials and other businesses, sales have continued to be sluggish, while cotton yarn has “fallen all the way” since the beginning of the year, and C21S and C32S Indian-Pakistani yarn have been reduced by as much as 1800-2000 yuan/ton. Although the buyer has a certain profit and is operable when placing the order, most losses are inevitable after one and a half months of delivery. Moreover, due to the general financial constraints of downstream weaving factories and middlemen, it is difficult to provide One of the prerequisites is a relatively large profit concession; the other is that only 10%-20% of the payment is required to pick up the goods, and the balance is settled within one month or two months, otherwise the transaction cannot be completed. In the early days, some importers mostly insisted on “picking up the goods and paying” for customers, and offered profits on large quantities. However, as the bonded volume of cotton yarn increased, the competition for cotton yarn shipments increased, and they gradually passively accepted the “credit” operation. However, according to some dealers in Jiangsu and Zhejiang, once the cloth factory Or middlemen encounter difficulties in sales, and not many can pay off the goods in full within one month. It is understood that because some yarn mills and exporters in India, Pakistan, Indonesia, Central Asia and other producing areas believe that global cotton prices and Chinese cotton prices may continue to decline slightly from August to November, cotton yarns for September and October shipping dates are “pre-sold” It has become a major operation. Some sellers are more flexible in their operations. For old customers with large orders, they only charge 5% of the contract deposit or even no deposit in order to expand the cotton yarn trading volume.
Due to the large number of traders operating imported cotton yarn, the price of cotton yarn “continuously falling”, and the trading volume showing no signs of enlarging, some traders in Qingdao, Zhangjiagang, Huangpu, Guangdong and other ports have recently begun to try to increase the import of blended yarn. Yarns, imported chemical fiber yarns and imported new fiber yarns are mainly produced in India, Vietnam, Uzbekistan, Indonesia and Pakistan. Compared with similar domestic yarns, they generally have a price advantage of 400-800 yuan/ton; plus domestic Some small and medium-sized weaving companies “abandon cotton and change to chemical fibers” and there are currently relatively few traders operating imported blended yarns. Inquiries and transactions for imported polyester-cotton, polyester-viscose, bamboo fiber, modal, Tencel and other blended yarns are relatively active. Some Traders are actively learning and transforming imported blended yarns. Some weaving companies and centers believe that importing blended yarn, imported pure cotton gray fabrics, and even importing fabrics and clothing from countries such as India, Pakistan, and Vietnam will be a major trend. Early intervention, early operation, and early adaptation are beneficial to the development of enterprises. Since mid-June, the arrival volume of open-end spinning and low-count 10S-26S at major ports in China has increased significantly, mainly due to the increase in the demand for medium-thick fabrics in autumn.� Driven by rising export orders and the increasing proportion of domestic small and medium-sized textile mills suspending production and reducing production. Several large cotton yarn traders estimate that the current quantity of bonded and customs-cleared foreign yarn for sale at various ports is about 65,000-68,000 tons. Among them, the quantity of cotton yarn from Pakistan and Vietnam has declined to varying degrees, while the quantity of cotton yarn produced in India, Indonesia, Uzbekistan, Turkey, and Mexico The number of arrivals in Hong Kong has increased. In addition, the number of pre-sales and arrivals of high-strength, bleached and dyed African open-end cotton yarn has increased significantly.
