According to trade feedback from light textile markets such as Guangdong Foshan, Zhejiang Shaoxing and Jiangsu, since the May Day holiday, downstream weaving mills, fabric companies and intermediate links have continued to recover in terms of inquiry and delivery of imported cotton yarn. Pakistan 8S-16S Siro The USD/RMB quotes for spinning yarn and cotton yarn originating in Vietnam, India, Indonesia and other places have tentatively increased (the increase for customs clearance cotton is generally 100-200 yuan/ton, but for old customers and large buyers, the actual increase is only 50 yuan/ton) left or right or not rising), the acceptance and digestion capabilities of the industrial chain terminals have been continuously enhanced compared with March/April.
A textile import and export company in Zhejiang said that in the past half month, not only the actual orders and shipments of medium and high-end open-end spinning yarns such as OE16, OE21S, OE26S, but also 40S -60S high-count yarn transactions in India and Vietnam show clear signs of bottoming out and rebounding. The resurgence of the COVID-19 epidemic in Southeast Asian countries such as India and Bangladesh has led to increasingly severe shutdowns of spinning mills and clothing companies. Orders for bedding, home textiles, and some mid-to-high-end European and American clothing have returned to China; coupled with the recent appreciation of the RMB against the U.S. dollar Due to the large-scale import ban imposed by the U.S. government on Xinjiang cotton products and some international clothing brands’ attempts to sell Xinjiang cotton, imported cotton yarn has attracted the attention and favor of export-oriented enterprises and OEMs.
A yarn trading company in Guangdong believes that due to the additional issuance of sliding tariff cotton import quotas in 2021, the number of cotton import quotas is only 700,000 tons, and it has 100% non-state-owned trade and 400,000 tons of processing. Due to the characteristics of trade import methods and special textile mills, downstream terminal companies will expand their purchases of cotton yarn from Vietnam, India, Pakistan and other origins to avoid the risk of receiving orders from Europe and the United States.
From the survey, due to the rapid deterioration of the epidemic in India since late March, some local governments have comprehensively strengthened epidemic prevention and control measures (New Delhi, Mumbai and other economically important cities were the first to implement city closures) , such as Madhya Pradesh, Kerala, Bihar, Maharashtra, etc., have announced complete blockades. Therefore, the transportation of cotton and other raw materials, gauze sales, port operations, warehousing and logistics, etc. have been greatly affected, and some areas have even come to a standstill. .
Affected by the epidemic, the proportion of yarn mills in India, Pakistan, Bangladesh and other countries that have reduced production continues to increase (for example, all textile shops and power looms in Surat, India have been closed. (stopped), the execution of orders received from February to April 2021 has encountered great difficulties. Some Chinese buyers have received notices from Indian yarn mills and exporters: shipments and deliveries cannot be made as scheduled, and they hope to extend the contract execution period or Negotiate to cancel the contract. On the one hand, it is difficult to predict how long it will take for India to fight the epidemic, and it is difficult to determine when gauze and clothing contracts will resume execution; on the other hand, under the epidemic, the shipment of goods at most ports in India has been suspended or even suspended. The cost of transit or other transportation methods is too high, and trading It’s too much for both sides to bear. </p
