According to customs statistics, my country imported 170,000 tons of cotton yarn in May 2021, a decrease of 60,000 tons month-on-month, a decrease of 26.1%, and a year-on-year increase of 66.2%; from January to May 2021, my country imported 980,000 tons of cotton yarn, a year-on-year increase of 35.8% .
According to feedback from cotton yarn traders in Guangdong, Jiangsu and Zhejiang and other places, the performance of bonded and customs-cleared outer yarn has varied greatly in the past week or so, and traders’ operations have clearly differentiated: OE16S and below count airflow Spinning inquiries and inspections continued to be weak, and transactions were sluggish. However, high-count imported air-end spinning yarns such as OE21, OE26S, and OE32S were shipped relatively quickly, and supply in some markets was tight; C21-C40S mid-to-high-end cotton yarns from India, Pakistan, Vietnam, and other producing countries were shipped quickly. The trading volume has slowed down compared with April/May. Most of the Indian JC40S-JC60S cotton yarns are in a “low market price” state, but the imported JC32S yarns are selling well.
From the perspective of ship cargo and bonded cotton yarn quotations, the prices of cotton yarns produced in Pakistan, Uzbekistan, Indonesia and other countries continue to stabilize, but including 8S-16S Pakistan Siro Spinning, C21S-C40S and The trend of JC21/JC32S cotton yarn is weak. Some cotton yarn export companies and traders have expanded their preferential margins, and buyers’ bargaining space has increased. It is worth noting that the quotations of Indian OE yarns have been slightly lowered recently, but the FOB/CNF/CIF quotations of some Vietnamese yarn mills’ C21, C32S, and C40S cotton yarns have bucked the trend and have increased. The trends of the two have diverged. Weaving companies in Henan, Shandong and other places stated that the reasons for the steady increase in Vietnamese yarn quotations include the following four points:
First, the outbreak of the epidemic in Vietnam in mid-to-late May, Jiangbei Province and The area around the Ho Chi Minh market has become the hardest hit area. With the comprehensive escalation of epidemic prevention and control, the raw material procurement, transportation, production, sales, etc. of yarn mills have been greatly affected, and the supply capacity of cotton yarn has dropped significantly. Second, the Vietnamese Dong continues to appreciate against the US dollar and against the RMB. ; Third, Vietnamese cotton and other raw materials are mainly American cotton, Brazilian cotton, West African cotton, etc. Since 2021, with the soaring sea freight, abnormal container tightness and other additional costs, Vietnam’s yarn competitive advantage has declined; fourth, under the epidemic There are variables in the ordering, production and delivery dates of Vietnamese yarn mills. Therefore, the yarn mills require purchasers to place orders more than 1.5 months in advance, and the quotations and contract deposits are also close to the upper limit.
Cotton yarn traders in Jiangsu, Zhejiang, Shandong and other places said that in Zhengzhou, the price of cotton fell below 15,500 yuan/ton again, ICE fell below 85 cents/pound, and domestic cotton spinning mills gradually accumulated stocks of cotton yarn. Under the negative pressure of having to cut prices to sell goods, and the central bank’s liquidity tightening has caused concerns about rising credit difficulties for cotton textile companies, the atmosphere of rising prices for cotton yarns in port customs clearance in India, Pakistan, Vietnam and Central Asia has significantly weakened, and domestic and foreign cotton yarns have oscillated back together. A trend may gradually form. </p
