According to feedback from several cotton spinning enterprises in Jiangsu, Henan, Shandong and other places, since mid-to-late June, the differentiation between the domestic cotton yarn market and manufacturers has become more and more obvious, which is reflected in the following three aspects: First, above-scale Cotton spinning enterprises are receiving and arranging orders relatively smoothly (some large factories and brand enterprises have arranged orders until mid-September), while some small and medium-sized textile enterprises are unable to sustain only short-term orders, medium and long-term orders are few, and the phenomenon of gauze stockpiles has increased significantly. Second, the shipment of OE yarn and low-count ring spinning yarn C16S and below is slow, and orders are insufficient; however, the supply of compact spinning JC50S-JC100S cotton yarn is relatively tight, and many orders are arranged; third, large and medium-sized cotton textile enterprises, cotton and polyester The replenishment of raw materials such as staple fiber and viscose staple fiber is normal and has not been delayed. However, small cotton spinning mills insist on buying raw materials as they are used (some companies control cotton inventory within 15 days) and have not started centralized replenishment operations.
From the survey, although the Zheng cotton CF2109 contract price has rebounded from 15,400 yuan/ton to 16,100 yuan/ton since late June, the domestic cotton basis quotation and fixed price have increased accordingly. However, the ex-factory price of cotton yarn and the quotations of cotton yarn in various light textile markets in Jiangsu, Zhejiang/Guangdong and other places have remained stable, and manufacturers and traders have insufficient confidence to report increases. On the one hand, the current net profit of cotton spinning mills is still high (the profit of C32 medium and high-end cotton yarn is generally more than 1,500 yuan/ton, and the profit of 40S and above high-count carded/combed yarn is even higher). Spinners are worried about being affected by hasty price increases. Downstream customers are resisting; on the other hand, the domestic sales market is currently in the traditional off-season, and it is questionable whether foreign trade textile and clothing orders can be sustained until September/October. A hasty price increase of cotton yarn is likely to result in a certain amount of low-profit, low-value-added export orders at the terminal. was rejected; furthermore, judging from the disk, market sentiment and external news, it is relatively difficult for Zheng Cotton’s main contract to stabilize in the 16,000-16,500 yuan/ton range. In 2021, policy rumors have not dissipated, and 700,000 tons of cotton with sliding quasi-tax rates With the uncertainty as to whether import quotas can be issued in advance, cotton spinning mills are more cautious about raising prices. “Quick shipment of cotton yarn, reduction of cotton inventory, and quick payment recovery” are the “routine” operations of small and medium-sized textile enterprises. </p
