According to feedback from cotton spinning enterprises in Jiangsu, Hubei and other places, the recent CF2209 contract of Zheng Cotton’s main force has continued to consolidate in the range of 20,000-20,500 yuan/ton. The accumulation rate of high-count yarns of 40S and above continues to increase. The cash flow of textile enterprises also continues to tighten. The market Cotton yarn sales are mainly based on negotiation (one-by-one negotiation), and the transaction price is showing signs of loosening and falling.
A textile import and export company in Zhejiang stated that the current trading volume of open-end spinning yarn in the coastal area market is better than that of ring spinning yarn, the trading volume of C32S is better than that of C40S and above count cotton yarn, and the trading volume of low-count carded yarn is better than that of high-count combed yarn. . It should be noted that since late May, cotton yarn spun with 100% imported cotton or imported cotton + real estate cotton has sold better than cotton yarn spun from Xinjiang cotton. Mainly weaving, fabrics, clothing and other companies believe that June 21 In the future, the U.S. government will impose an import ban on Xinjiang cotton and products.
Several weaving companies in Jiangsu and Zhejiang reported that the recent FOB/CNF quotations of Indian yarn and Pakistani yarn have been reduced, the RMB exchange rate has reversed from falling to rising, and in addition to the gradual arrival of European and American Christmas and Easter orders in the third quarter of 2022 and other favorable factors, cloth factories and Fabric companies’ enthusiasm for contracting and purchasing foreign yarn has rebounded slightly. At the same time, we purchase imported cotton with cotton spinning yarn, real estate cotton with cotton spinning yarn, etc. as an important supplement to complete the export order. It is understood that the current quotation price difference between port customs clearance C32 Indian high-quality packaged bleached yarn and domestic cotton yarn is about 4,000-4,500 yuan/ton, while the actual transaction price difference is generally within 4,000 yuan/ton, but overall, the price difference between domestic and foreign yarns is still large. .
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