According to feedback from Aksu long-staple cotton processing enterprises, since mid-January, not only the U.S. and Israeli PIMA cotton shipments quoted in US dollars and customs clearance RMB at the port have been relatively light, but cotton spinning mills and middlemen have also weakened in the delivery of Xinjiang long-staple cotton in 2021/22. The signs are also relatively obvious.
Industry analysis: On the one hand, due to the few high value-added orders received by textile companies from Europe and the United States in the first quarter of 2022; on the other hand, the substantial production reduction at home and abroad in 2021/22 has caused the price of long-staple cotton to remain high. Not only foreign brand textile and clothing companies, retail Manufacturers have lowered product quality requirements, and some large and medium-sized domestic textile and clothing manufacturers have also reduced yarn count to cope with the impact of rising costs of raw materials such as cotton and polyester staple fiber.
Judging from traders’ quotations, from January 20 to 21, the net weight quotations of long-staple cotton at ports such as Qingdao and Zhangjiagang remained at around 57,000 yuan/ton (traders did not adjust prices in the past half month), but customs clearance in the United States and Israel PIMA The supply of cotton is very scarce, and sellers are very willing to raise prices. In the past week or so, the quotations of long-staple cotton in Xinjiang have been increased by nearly 1,000 yuan/ton. The quotations of 3138-grade public weight warehouses in Shandong, Jiangsu and other mainland warehouses are 48,300-48,500 yuan/ton, which is significantly lower than the spot quotations of PIMA cotton at traders’ ports and is also low. PIMA cotton cargo price under 1% tariff.
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