According to feedback from traders in light textile markets such as Guangdong, Jiangsu and Zhejiang, in the past half month, not only has the supply of sirospun cotton yarn from Vietnam, India, Pakistan and other producing areas been very sufficient, but traders’ inventories have increased to varying degrees, and there are more low- and medium-priced resources. Some textile import and export companies are more willing to cut prices and sell goods, but the overall inquiry and shipment atmosphere of imported cotton yarn is still deserted. The transaction volume of Indian/Pakistani OE yarn and C20S-C32S high-end yarn continues to fall. Traders and weavers Cloth factories obviously lack confidence in stocking up and preparing materials.
It is also understood that the shipment boom of T/C21S, T/C32S, and T/C45 polyester-cotton yarn produced in Indonesia and Vietnam has declined recently. Some buyers have asked foreign yarn mills to suspend the execution of contracts or postpone shipments to alleviate inventory pressure and capital flow pressure. .
A medium-sized weaving company in Zhejiang said that as ICE cotton futures and Zheng Cotton both plunged in mid-June, cotton yarn FOB/CNF quotations from yarn mills in India, Vietnam and other countries also dropped significantly, and port bonded cotton yarn and customs clearance cotton yarn also continued to fall. As a result, cloth mills and cotton yarn traders suffered heavy losses in the imported cotton yarn contracts signed in April/May, and the contract execution was quite difficult. They could only negotiate to postpone the execution of the unperformed contract, have foreign yarn mills “buy back” or cancel the contract. The company stated that in addition to the current serious shortage of orders for exporting cotton textiles and cotton clothing (the operating rate remains at 50%-60%), the recent high temperatures in East China have led to rising electricity prices during peak periods, power cuts and other measures have also had a negative impact on fabric factories. , printing and dyeing factories, and clothing companies receiving orders/arranging orders will have a certain impact.
Judging from the survey, since mid-July, the RMB quotation of Indian C32 high-quality cotton yarn and domestic C32 cotton yarn have continued to be in the range of 3,000-4,000 yuan/ton, while the Vietnamese C32 high-quality yarn and domestic cotton yarn have been inverted at 2,500-3,500 yuan/ton ( There is a large gap in quotations between large Vietnamese/Indian manufacturers and brand yarns and yarn mills with less than 20,000 spindles), and the difficulty for domestic cloth mills to accept and digest has not weakened. A foreign trade company in Guangdong said that because the cost of using imported cotton yarn or directly importing cotton yarn is obviously high, the quotation and contract price of export orders to the United States and the European Union that have clear requirements for “non-Xinjiang cotton” are also increased accordingly, otherwise they would rather reject the order. Will not take risks.
Cotton yarn trading companies in Ningbo, Shanghai and other places have judged that although the quantity of foreign cotton yarn arriving in Hong Kong and warehousing in June/July/August will not increase significantly, due to the slow shipment of bonded cotton yarn and customs cleared cotton yarn, port inventory is expected to It only rises but does not fall.
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