According to feedback from some cotton textile companies in Jiangsu, Henan, Zhejiang and other places, the “power cuts” since last week have been significantly relaxed compared to early and mid-October. Weaving companies’ raw material inquiry and procurement are showing signs of recovery, and the midstream and downstream markets are active. gradually picked up.
Several cloth factories in Nantong, Shaoxing and other places said that the current impact of power restrictions and peak-shifting power consumption has weakened, and weaving, clothing, and foreign trade companies have rebounded in enthusiasm for accepting orders after December. Although affected by the high spot quotations such as floral yarns, the comprehensive upgrade of epidemic prevention and control in some areas of the country, and the continued return of medium and low-end orders from Europe, the United States, the Middle East and other countries to the major textile countries in Southeast Asia, the cotton spinning industry “spring is on the way” is the downstream and consumer terminal consensus.
According to the survey, the quantity of cotton picked by the “Double 28” and “Double 29” machines in the basement in the past two days is not large, and the quotation of “Double 28” by weight is 23,200-24,000 yuan/ton. , the “fixed price” of Xinjiang’s “Double 28” new cotton is concentrated at 23,000-23,300 yuan/ton. Textile companies in Zhengzhou, Nanyang and other places in Henan said that based on the current Xinjiang cotton spot price, spinning cotton yarn with a count of 40S and below would not only make no profit but even cause a slight loss. Therefore, bidding for cotton reserves and receiving futures warehouse receipts are still effective transitional measures. Some high-profit orders partially or entirely use new cotton of “double 28, double 29” and above quality. The power restriction policy of textile enterprises in Henan has been significantly relaxed, raw material inventory replenishment has been started one after another, cotton yarn quotations from textile enterprises have increased, and the supply capacity to coastal markets such as Guangdong, Jiangsu and Zhejiang has improved. </p
