According to feedback from cotton spinning mills in Shandong, Jiangsu and other places, since late June, except for the quotations of OE yarn, C16S and below ring spinning yarn, which have been somewhat weak and weak, the ex-factory price of C32S and above cotton yarn and the transaction volume in the light textile market Prices are relatively stable, especially for 60S and 80S high-count compact yarns. Orders are received and arranged smoothly. A few mills of carded C60S yarns not only have firm prices but also have tight supply. Cotton spinning mills require downstream customers to place orders at least 20 days in advance.
The active production and sales of high-count yarns of 60S and above are mainly due to the following reasons: First, since 2021, most yarn mills have strictly implemented double reductions in raw material and finished product inventories. It is unstable and has high capital occupancy, so it is the first to be “downsized” by inventory. Therefore, when orders come, cotton spinning mills can only rush to arrange orders and produce; secondly, C60S and above high-count cotton yarns are currently unable to import yarns from India, Vietnam, Uzbekistan and other countries. For substitution (imported yarn is expensive, unstable in quality and insufficient in supply capacity), we can only rely on the supply of domestic large and medium-sized yarn mills. Third, driven by the outbreak of the COVID-19 in Southeast Asian countries since mid-March, the rapid recovery of European and American economies, and the continuation of loose monetary policies by central banks around the world, a certain amount of high-end and high value-added textile and clothing export orders have returned to China, stimulating the bottoming out of demand for high-count yarns. rebound.
Traders in the light textile market in Jiangsu, Zhejiang, Guangdong and other places said that in the past week or so, the supply of C32S medium and high-end cotton yarns in Vietnam, India and other producing countries has been somewhat tight, which is very different from the performance of OE yarns, but The quotations of C32S and C40S yarns in and out of the market remained stable, and traders were very cautious in raising prices. On the one hand, the COVID-19 epidemic led to a general reduction in production in Southeast Asian yarn mills from March to May. In June, the quantity of cotton yarn arriving in Hong Kong and warehousing from India, Vietnam, Pakistan and other origins was reduced compared with the previous months; on the other hand, sea freight has not only continued to rise since 2021 Due to rising prices, and containers were extremely tight, some Southeast Asian yarn mills raised prices and demanded an increase in the contract price. After repeated stalemates and games, the contract was either canceled or postponed, or the price was raised through consensus between the two parties. C32S cotton yarn failed to arrive at the port as scheduled.
From the survey, although the price advantage of imported C32S cotton yarn is narrower than in the previous period (it does not receive the goods from cotton yarn traders, but places orders directly to foreign yarn mills), but Not only the cotton grade, strength, CV value and other indicators are better, but the gray fabric dyeing effect is also good. </p
