According to feedback from weaving enterprises and light textile market traders in Jiangsu, Zhejiang, Guangdong and other places, in the past week, although cotton yarn quotations in Henan, Shandong and other places have been stable and weak, the room for profit negotiation on actual orders has increased significantly compared with October. , some manufacturers even take the initiative to offer a discount of 300-500 yuan/ton to facilitate transactions. Even the quotations for high-count general and combed yarns of 50S and above are now loose.
Industry analysts believe that since late October, power cuts in Shandong, Henan, Jiangsu and other places have been fully relaxed or even cancelled, and cotton yarn production capacity has been rapidly restored and released. Some small and medium-sized cotton spinners have The factory’s gauze inventory rate continues to increase, and working capital is occupied. In addition, as the end of the year approaches, cotton textile companies have increased cash flow needs and need to pay for spare parts, water and electricity bills, wages, bonuses, loans and interest. Some companies have resorted to methods such as selling inventory and quickly realizing cash to maintain production.
A medium-sized textile company in Xiangyang, Hubei said that bonded and cargo quotations for cotton yarns from India, Pakistan, Vietnam and other origins have continued to rise recently, and the price difference between domestic and foreign cotton yarns has narrowed significantly. Imports of 40S and below The impact of several cotton yarns on domestic yarns has weakened. Since August, the orders for medium and low-end textile and garments have accelerated to major textile countries in Southeast Asia and developed countries such as Europe and the United States. Christmas and Easter orders have ended, and the difficulty of processing orders for small and medium-sized textile enterprises has continued to rise. . Some institutions and cotton-related companies have judged that the phone call between the heads of state of China and the United States on November 16 will push the United States to lower or cancel tariffs on imported goods from China and at the same time lift the ban on the import of Xinjiang cotton products, which will be beneficial to China’s textile and apparel trade. European and American exports are back on track. </p
