Since May, the sales of cotton yarn, gray fabrics, etc. have shown a state of “increase in both volume and price”. As of May 13, 2021, CY C32S pure cotton yarn has closed. 25,100 yuan/ton, an increase of 300 yuan/ton compared with the same period last week.
In March, the price center of pure cotton yarn market continued to shift downwards. In April, consumption improved briefly after the Qingming Festival, and then weakened again; pure cotton yarn shipments improved in mid-to-late April. , especially the 40 yarns in Nantong market performed the most prominently, with prices rising, while the 32 yarns also followed the adjustment, and the trading atmosphere of pure cotton yarn gradually improved. After the May Day holiday, yarn prices suddenly entered an upward channel. As of the 13th, CY C32S pure cotton yarn closed at 25,100 yuan/ton, an increase of 4.11% from the April low of 24,110 yuan. In the first half of April, the cotton yarn inventory of textile companies increased slowly. In the second half of the month, as shipments improved, the inventory gradually decreased. At the end of the month, it was 2.3 days lower than the peak during the month. The cotton yarn inventory of weaving mills declined in early April, and then increased slowly. The trend was that the end of the month increased by 2.6 days compared with the low point during the month; the inventory of imported yarn showed a trend of first rising and then falling, and the end of the month decreased by 11,000 tons compared with the high point during the month. In the second half of April, as cotton prices continued to rise, the volume and price of cotton yarn increased, and the market gradually entered a price increase atmosphere.
The pure cotton gray fabric market was originally expected to return to calm in May according to tradition, but market transactions have improved recently. The reason is mainly due to the continued rise in cotton and cotton yarn coupled with future inflation expectations, and the increase in purchases and stockpiling by downstream traders. Comparing the start-up load of pure cotton gray fabrics in recent years, the start-up load of some areas dropped after May Day compared with before the holiday, but the overall start-up load index recovered significantly and increased significantly compared with the same period last year. As of now, the start-up load index remains above 60%. It is understood that the current average order level of weaving mills has increased compared with that before the holiday. Domestic sales orders from weaving mills in some areas are concentrated, and the order volume can still maintain production in May, but the market outlook for orders is still unclear. This has also led to an increase in the willingness of weaving mills to restock raw materials, but the extent is limited. The current raw material inventory of weaving mills remains at about 15 days. In terms of price, as of May 13, cotton gray fabric CG C32 closed at 5.98 yuan/meter, an increase of 0.1 yuan from the same period last week. Compared with last year, the current inventory level of finished goods in weaving mills has been significantly reduced compared with the same period last year, and the inventory accumulated in April has declined significantly. However, although there has been a strong atmosphere of price increases for cotton and cotton yarn recently, it is difficult for cotton gray fabrics to follow the increase. At present, the mentality of weaving mills is mostly calm, but they still have a weak view on the market after June.
As of May 13, imported yarn C32S with inner plate printing yarn has closed at 24,600 yuan/ton, and cross-over yarn C32S has closed at 24,450 yuan. / ton, Pakistan C20S closed at 21,600 yuan / ton, up 400, 300, and 300 yuan respectively from the same period last week. According to feedback from traders in light textile markets such as Foshan, Guangdong, Shaoxing, Zhejiang, and Jiangsu, since the May Day holiday, downstream weaving factories, fabric factories, and intermediate links have continued to recover in terms of inquiry and delivery of imported cotton yarn, and the terminals of the industrial chain have relatively poor acceptance and digestion capabilities. March/April continues to strengthen. A textile import and export company in Zhejiang said that in the past half month, the transactions of high-count yarns in India and Vietnam have shown obvious signs of bottoming out and rebounding. The resurgence of the COVID-19 epidemic in Southeast Asian countries such as India and Bangladesh has led to increasingly severe production cuts and shutdowns in spinning and clothing factories. Orders for bedding, home textiles and some mid-to-high-end European and American clothing have returned to China. In addition, the recent appreciation of the RMB against the US dollar has been significant. Due to the impact of the U.S. government’s extensive import ban on Xinjiang cotton products and some international clothing brands’ attempts to sell Xinjiang cotton, imported cotton yarn has attracted the attention and favor of export-oriented enterprises and OEMs. It is worth noting that although the return of orders from India is not clear, due to the raging epidemic, the proportion of some yarn mills in India, Pakistan, Bangladesh and other countries has continued to increase (for example, all textile shops and power looms in Surat, India have been closed. (stopped), the execution of orders received from February to April 2021 has encountered great difficulties. Some Chinese buyers have received notices from Indian yarn mills and exporters: shipments and deliveries cannot be made as scheduled, and they hope to extend the contract execution period or Negotiate to cancel the contract. On the one hand, it is difficult to predict how long it will take for India to fight the epidemic, and it is difficult to determine when gauze and clothing contracts will resume execution; on the other hand, under the epidemic, the shipment of goods at most ports in India has been suspended or even suspended. The cost of transit or other transportation methods is too high, and trading It’s too much for both sides to bear.
</p
