According to feedback from cotton yarn trading companies in Guangdong, Jiangsu and Zhejiang and other places, although the spot quotations of ICE, Zheng cotton and India’s domestic MCX futures, S-6/J34/MCU5 and other places have collectively rebounded in recent trading days, cotton yarns from India, Pakistan, Vietnam and other places have rebounded. The quotations for ship cargo and bonded spot goods are still mainly falling or falling. Spinners, exporters and traders have insufficient confidence to raise prices and jointly insure prices.
A cotton spinning import and export company in Foshan said that in the past week or so, compared with the stable and weak quotations of Pakistan’s 8S-16S siro spinning yarn, C20S-C32S medium and high cotton yarn and Vietnamese yarn, Indian OE yarn, carded/combed/compact The room for downward adjustment of cotton yarn is slightly larger; however, compared with the continuous oscillation and decline in the external quotation of imported yarn, the RMB quotation of customs clearance cotton yarn is weak and stable, especially the quotation of high-quality package bleaching C21S-C40S is “linked” to the quotation of Zheng cotton and Zheng cotton yarn, showing flexibility , changeable characteristics.
Judging from the survey, the bargaining space for port bonded and customs-cleared cotton yarn orders has expanded compared with November, and every contract between buyers and sellers needs to be repeatedly negotiated and confirmed. Several cotton yarn middlemen in Shaoxing, Xiaoshan and other places have judged that it will be difficult for the cotton yarn, gray fabric and end consumer markets to stabilize and rebound before the Spring Festival, so they plan to ship goods as soon as possible and realize the goods as early as possible. On the one hand, the COVID-19 epidemic at home and abroad is lingering, and the short-term impact on consumption and confidence of cotton and yarn cannot be underestimated; on the other hand, a large number of domestic small and medium-sized cotton spinning mills have increasingly accumulated yarn storage, coupled with the cash before the Spring Festival The flow pressure is relatively large. As the yarn mills start selling goods, clearing warehouses, and collecting payments, the sales volume and price of imported yarn will be greatly suppressed. In addition, due to the unoptimistic order-taking/ordering situation of textile and clothing terminals in the first quarter of 2022, Southeast Asia Due to the impact of the skyrocketing freight rates on shipping routes (including a 4-5 times surge in sea freight rates from South China to Vietnam, Indonesia and other ports) and the continuous appreciation of the RMB exchange rate in the second half of 2021, some weaving companies and light textile market traders in Guangdong, Jiangsu, Zhejiang, Shandong and other places have experienced Spring Festival There are strong expectations for early holidays and closing times, and there are few operations to stock up on imported yarn and estimate price increases.
It is understood that since late November, the quotations of high-quality packaged bleached C32 imported cotton yarn and domestic cotton yarn of the same quality and same index have gradually narrowed from 500-800 yuan/ton to 200-300 yuan/ton. The competitiveness of domestic yarn Slowly increasing, squeezing the market share of imported yarn.
</p
