According to feedback from cotton yarn traders in Guangdong, Jiangsu, Zhejiang and other places, with the continuous upward breakthroughs of the main contracts of Zheng Cotton and ICE, not only the external quotations of cotton yarns from India, Pakistan, Vietnam, Uzbekistan and other places There is a strong upward trend, and on the premise that domestic cotton yarn has falsely increased by 500-800 yuan/ton, since mid-July, the RMB quotations of port customs clearance yarns from Vietnam, India, and Pakistan have increased overall by 200-300 yuan/ton.
A trader in Keqiao, Shaoxing said that the increase in imported cotton yarn was obviously weak. On the one hand, the financial cost of cotton yarn + warehousing + insurance + weight loss and other expenses for one month were also low. Less than 200 yuan/ton; on the other hand, the RMB has continued to depreciate recently, the two-way fluctuations in the exchange rate have widened, and the import costs of cotton and cotton yarn have also increased slightly.
Several weaving factories and middlemen in Zhejiang, Shandong and other places said that Vietnam has been overwhelmed by the impact of the “Delta” mutant strain. Since the end of June, the number of new confirmed cases every day has been increasing day by day. Ho Chi Minh City and the capital Hanoi have successively announced that they have entered a substantial lockdown (the lockdown is tentatively scheduled for 15 days). Epidemic prevention and control in other regions has also been fully upgraded, and the cotton textile and clothing industries have been significantly affected. Increase. Some Vietnamese yarn mills and export companies have increased their orders and delivery pressure, and have begun negotiating with Chinese buyers to postpone shipments, delivery or terminate contracts. Chinese buyers have to take remedial measures: first, transfer medium and long-term orders to yarn mills in Pakistan and India; second, directly purchase bonded and customs-cleared cotton yarn at ports, but the costs will increase significantly compared with previous contracts.
According to the survey, since mid-July, the quotations of C32S high-matching package bleaching traders from India and Vietnam in coastal areas such as Guangdong, Jiangsu, and Zhejiang have narrowed to 100-200 yuan/ton, the trend of integration is becoming more and more obvious. Taking into account factors such as the net weight settlement of imported yarn, the generally high cotton grade, and the better dyeing effect, the competitiveness of imported cotton yarn has rebounded with the rise of domestic cotton futures.
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