Recently, affected by multiple factors such as the advance orders for European and American festivals, the sharp increase in raw material costs and sea freight, and the increasing shortage of containers and shipping space, consumer terminals such as cloth factories and clothing factories have continued to slow down and apply the brakes on the purchase of imported cotton yarn. Some trades have Commercial cotton yarn inventories continue to increase, and the atmosphere of hoarding and selling has dimmed.
According to feedback from cotton yarn trading companies in Guangdong, Jiangsu and Zhejiang and other places, in the past week or so, both the US dollar quotations for cargo and bonded cotton yarn, and the quotations for port customs clearance cotton yarn have continued to decline. Inquiries and shipments of OE yarn, Pakistan 8S-16S Siro spinning yarn and JC21, JC32S yarn have cooled down relatively significantly, and the trading volume of medium and high package bleached C32S and C40S cotton yarn has also weakened compared with July/August.
The person in charge of a supply chain company in Shaoxing, Zhejiang believes that there are two main reasons for the drop in volume and price of imported yarn: First, with the continuous decline of Zheng cotton in mid-September, Domestic cotton and cotton yarn prices have loosened and plummeted, and the price difference between domestic and foreign cotton yarns has narrowed; the other is that weaving companies in some areas of Nantong have limited power and production. Quanzhou, Xiamen, Putian and other places in Fujian have been affected by the upgrade of epidemic prevention and control. Logistics are not smooth or even suspended. Cotton yarn consumption , transportation, etc. encountered resistance. It is understood that in recent days, Guangdong, Zhejiang, etc. have gradually increased their epidemic prevention and control efforts, putting greater pressure on “foreign prevention of imported cases and internal prevention of rebound”.
From the survey point of view, the quality of the cotton textile and garment industry during the “Golden Nine and Silver Ten” periods is insufficient, and the weak peak season situation has basically been confirmed. Cloth factories and consumer terminals have provided support for cotton and cotton yarn prices. The intensity is limited, and Zheng cotton and Zheng cotton yarn still need time to trade space for an effective rebound. </p
