According to feedback from some cotton spinning mills in Shandong, Henan and other places and cotton yarn traders in coastal areas, since late September, driven by the surge in cotton futures prices, the decline in cotton yarn production capacity due to the “two limits + two controls”, and the emergence of supply pressure, the Cotton yarn quotations generally rose by 2,000-3,000 yuan/ton, and the actual transaction prices of medium and high-count yarns moved up by about 2,000 yuan/ton.
The price increase of ship cargo and bonded cotton yarn quoted in US dollars in various main ports in China such as Vietnam/India/Pakistan and other places is obviously weaker than that of domestic yarn. The “upside-down” at home and abroad has gradually narrowed, and imports The competitiveness of cotton yarn has increased, and the enthusiasm of weaving factories and middlemen for inquiry and delivery of goods continues to recover. A large textile raw material company in Shaoxing, Zhejiang said that since October, imported C16S-C40S medium and high-end knitting yarns have not only quoted strong fluctuations, but also have unsatisfactory transactions and shipments; while imported OE yarns, 40S and above high-count combed India/Vietnam The performance of cotton yarn from the yarn origin is poor or even deserted.
Some traders and weaving mills in Guangdong, Jiangsu, Zhejiang and other places are more enthusiastic about signing contracts for far-month shipping dates to import cotton yarn, mainly placing orders for C20S-C40S conventional yarn. On the one hand, under the general trend of high-priced seed cotton harvests in Xinjiang cotton areas that are difficult to cool down and capital speculation that is difficult to alleviate in the short term, domestic cotton yarns are “easy to rise but difficult to fall”, and the “upside-down” range of domestic and foreign cotton yarns may increase from the current 1,200-1,500 yuan/ton. to more than 2,000 yuan/ton, so placing orders in advance will help lock in the supply of cotton yarn resources and cost accounting in advance; on the other hand, power cuts in coastal areas such as Jiangsu, Zhejiang, and Guangdong have spread to inland areas such as Henan, Hebei, Hubei, and Xinjiang. The production capacity and order intake of cotton spinning mills have been affected to a certain extent, and the cotton yarn short-term may remain high. In addition, the recent continued appreciation of the RMB has been beneficial to cloth factories and traders signing contracts to purchase cotton yarn cargo and bonded yarn. Recently, the RMB exchange rate against the US dollar has shown rare strength, rising from 6.500 at the end of August to the current 6.45. </p
