According to feedback from cotton spinning enterprises in Jiangsu, Zhejiang, Shandong, Henan and other places, spinning, weaving, and fabric enterprises produced and sold normally during the May Day period. Not only did the overall yarn price increase steadily but slightly (the ex-factory price of some yarns increased by 100-200 yuan) / ton, the bargaining space for large orders has also narrowed significantly), and the inquiry and transaction situation continues to improve compared with the first and middle of April. In particular, the shipment of 40S mid-to-high-end cotton yarn is more active than OE yarn, high-count carded and combed yarn.
A cotton spinning mill in Jiangsu said that in the past two weeks, orders for high-count compact spinning yarns of 50S and above have shown a stabilizing and rebounding momentum. On the one hand, some orders for mid-to-high-end textile clothing from Europe and the United States have Returns from countries in Southeast Asia where the epidemic is out of control and social unrest; on the other hand, traders in various light textile markets in coastal areas generally have insufficient stocks of high-count carded and combed yarns. Since late April, the willingness to restock has increased with the rise of Zheng cotton. Some cotton mills reported that domestic demand for high-end shirts, high-count and high-density gray fabrics and fabrics in autumn and winter has picked up.
Judging from the quotations of several large and medium-sized cotton spinning mills, the price of cotton yarn with a count of 50S and above has basically remained stable. First, in April, the price of high-count yarn was higher than that of OE yarn, 40S and below. The reduction rate of spindle spinning yarn is low, and the net spinning profit is very high; secondly, orders for high-count yarns are not stable, and customers still place orders based on “short, flat, and fast”. Spinners are worried that price increases will lead to the loss of orders; thirdly, Since mid-April, the quotations and transaction prices of long-staple cotton at home and abroad have continued to oscillate within a narrow range, deviating from the trends of Zheng Cotton and ICE in stages, and the cost of high-count combed yarn is relatively controllable.
A textile import and export company in Zhejiang said that recently, yarn mills in India, Pakistan, Indonesia and other places have increased quotations for shipments and bonded yarn (mainly due to the raging epidemic, yarn The phenomenon of factory reductions and suspensions of production continues to increase, the supply of cotton yarn and the ability to complete contracts have declined, and yarn mills and traders have taken advantage of the trend to increase prices). Orders for bedding, home textiles, towels, etc. returning from some Southeast Asian countries continue to increase. Factors such as low inventories of cotton yarn, gray fabrics and other finished products are important factors that stimulate the tentative increase in cotton yarns with counts of 40S and below during the May Day period. </p
