In the past two weeks, affected by the sharp decline in domestic and foreign cotton futures, the imported yarn market sentiment has been pessimistic. The spot market, which originally recovered slightly in the second half of June, has been poured cold water on, with purchasing cautious and sales stagnant. Some traders were forced to cut prices and sell. The price of 10-count siro fiber yarn dropped sharply from 25,000 yuan/ton to 23,500 yuan/ton (tax included). The market terminals reluctantly accepted it, but they still had a pessimistic wait-and-see attitude and did not dare to purchase in large quantities. In the knitting market, the spot price of imported yarn has also been reduced in line with the market. The price of 20-count plain dyed yarn has dropped from 28,800 yuan/ton (tax included) to about 28,000 yuan/ton (tax included). However, some terminals still receive special offers of 27,600 yuan. / ton, it is estimated that traders are not confident due to the selling of some varieties by domestic yarn mills.
The external price of imported yarn also fell along with the price of cotton, but the transmission speed was not as fast as that of the domestic market. The U.S. dollar quotation of 10-count Siro spinning of Pakistani yarn has been adjusted from 595 U.S. dollars/400 pounds to about 580 U.S. dollars/400 pounds, which is about RMB 24,500/ton (tax included), which is about 1,000 yuan higher than the domestic price. The general wait-and-see mood is heavy and there is no purchase. Will. The price of 32-count bleached yarn in Vietnam has also been reduced, from about US$4.2/kg to US$4.0/kg, which is about 30,600 yuan/ton (tax included). Some factories have adjusted it to US$3.75/kg, which is about 28,700 yuan/ton. Although the decrease is considerable, compared with the urgent selling price of some domestic dyeing products of around 26,000 yuan/ton, the price difference between domestic and foreign dyeing is still serious, reaching 2,700-4,600 yuan/ton. At present, traders are still mainly waiting and watching, but they are paying close attention to the market and preparing to purchase.
Generally speaking, traders and terminals are a little surprised by the sudden drop in cotton. The market that was originally about to start has been pressed on the pause button. There is currently a strong wait-and-see mood. However, if the cotton market stabilizes, buyers may return to the market in mid-July. Procurement required.
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