In the week of November 8-12, a trading company in Foshan, Guangdong carried out a “Double Eleven” promotion, lowering the prices of various products by more than 600-1,000 yuan. The transaction volume was considerable, which led to an active market. Among them, the transaction price of 10-count Ba yarn and Siro spinning is around 22,600-23,200 yuan/ton (tax included), 20-count carded knitted printed yarn is 26,000 yuan/ton (tax included), and 32 combed knitted yarn is 31,000 yuan/ton (tax included). ), plus activities, the actual transaction price will still be discounted based on the purchase quantity.
Some other traders also followed the Double Eleven special offer and sold some goods at reduced prices. Since the external price was still high, most of them were not shipped simultaneously. By the end of the week, the knitting market seemed to be slightly active and picking up, with more inquiries for 26-count combed and 32-count carded.
That week, most of the external quotations of imported yarns were still strong. 10 counts of Pakistani yarn and siro spinning were priced at 590-620 US dollars/400 pounds. Among them, small brands were willing to ship at 590 US dollars. The transaction price of mainstream brands was US$610. Although there was not a large number of transactions, it supported the quotation of the Pakistani factory. The external quotation of knitting yarn is still high and firm, with 20-count carded yarn at 4.1-4.13 US dollars/kg, Indian yarn and Indonesian packaged bleached yarn. The Indian yarn price plus tariffs is higher, and Indonesian 30-count carded packaged bleached yarn is 4.46 yuan/kg. It was more than 2,000 yuan higher than the spot price, and there was no transaction.
Taken together, there is currently demand for foreign yarn spot terminals, but combined with the increase in costs, buyers are cautious in purchasing. If there is a price reduction, it will be relatively easy to close the deal. The external market is still at a high level, with serious internal and external inversions, and price reductions are still needed. </p
