According to feedback from cotton textile companies in Shandong, Jiangsu and other places, the contract price of Zheng Cotton CF2205 continues to consolidate at 21,000-21,500 yuan/ton. Cloth factories and consumer terminals such as fabrics and clothing have insufficient efforts to restock cotton yarn, leading to an increase in the overstocking of cotton yarn. Guangdong , some weaving companies and traders in the coastal areas of Jiangsu and Zhejiang have informed suppliers that procurement will be delayed for about half a month. After the holiday, the quotations of imported Indian yarn, Pakistani yarn, and Vietnamese cotton yarn have all been adjusted back. Therefore, the willingness of cotton spinning mills to ship has been increasing recently, and the spinning mills have actively quoted prices to downstream customers. According to surveys in various light textile markets and cloth factories, the quotations of cotton yarn have dropped by 200-400 yuan/ton. Buyers are still more cautious in replenishing their stocks. Market inquiries and transactions are somewhat light. The recovery of the market still needs to “trade time for space”.
Cotton enterprises in Shandong, Hebei and other places reported that compared with the low prosperity of spot transactions of Xinjiang cotton and customs-cleared foreign cotton in warehouses inside and outside Xinjiang, the recent “Double 29, Double 28” and other quality indicators of real estate cotton have been relatively active, and some raw material stocks are insufficient. , The enthusiasm of small and medium-sized cotton spinning mills who have received orders for medium and low-end goods has recovered to a certain extent compared with before the Spring Festival.
On the one hand, judging from the public inspection results, the quality of real estate cotton in the Yellow River Basin and Yangtze River Basin in 2021/22 has improved significantly compared with the previous two years, and its substitution for Xinjiang cotton and imported cotton has increased, especially in mid- to low-end export or domestic sales orders. On the other hand, the current quotations for grade 3128 real estate cotton in inland warehouses are concentrated at 21,800-22,000 yuan/ton (the origin, warehouse, and specific indicators are different or different), which is lower than the “Double 28” Xinjiang machine procurement in inland warehouses such as Shandong, Henan, and Jiangsu. Cotton is quoted at 1,200-1,500 yuan/ton, and the price advantage of real estate cotton is very prominent. In addition, the supply of real estate cotton in 2021/22 is still concentrated in the warehouses of ginning companies. Procurement by textile companies nearby not only saves on short-term ginning costs, but also does not require the supervision of warehouses such as “lump fees”. Therefore, for companies spinning medium and low-count yarns, Real estate cotton is more attractive.
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