Since January, the quotations of cotton yarn from India’s Tirupur export unit have increased by 30 rupees/kg, while those from Gujarat have increased by 10 rupees/kg. Last weekend, the price of 30-count CCH (combed cotton socks) yarn in India was 360 rupees/kg, an increase of more than 10 rupees/kg since the beginning of the week.
According to feedback from weaving factories and cotton yarn traders in Guangdong, Jiangsu and Zhejiang, etc., in the past two days, the CNF quotation of Indian C32 high-matching bleached cotton yarn is about 4.25-4.35 US dollars/kg, and the quotation of big brands and manufacturers has reached 4.40-4.60 US dollars/kg. Not only The quoted price of C32 white-bleached Vietnamese yarn is US$0.15-0.30/kg, and is about 3,000 yuan/ton higher than the quoted price of domestically produced C32S cotton yarn. In addition, some Indian yarn mills require buyers to place orders about three months in advance, and the contract deposits are increased by 5%-10%.
According to customs statistics, my country’s exports of cotton yarn in October and November 2021 were 23,500 tons and 23,000 tons respectively, with year-on-year growth rates of -13.59% and 1.94% respectively. With the recent surge in cotton yarn prices in India, Pakistan and other countries, my country Will cotton yarn exports rebound sharply? Some cotton spinning enterprises and trading companies judge that it has a certain stimulating effect, but it is difficult to achieve rapid growth. The main reasons are as follows:
First, not only are sea freight rates high in major ports from China to Southeast Asia, but there is also a shortage of ships, which poses certain constraints on cotton spinning companies’ orders, shipments, and delivery; second, the spinning and clothing production capacity of Vietnam, Central Asia, Indonesia, Thailand and other countries It has basically returned to the level of the epidemic, and it has begun to seize the market lost due to the skyrocketing prices of cotton yarns in India and Pakistan. Third, my country’s cotton yarn exports are mainly high-count and high-value-added cotton yarns (50S and above). The customer base and consumption power are relatively stable, and demand It is difficult to achieve substantial growth. Fourth, European and American brand companies and retailers have increased purchase orders for non-Xinjiang cotton in order to avoid Xinjiang cotton products.
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