Imported Yarn Keeps Rising, Traders Choose To Stick To It

According to the cotton trade enterprises in Guangdong, Jiangsu and Zhejiang, Shandong and other places, since the late July, the stock of bonded cotton and unchecked cotton yarn has increased slightly since late July. Not only C40S and above Combed / Combed / compact spinning cotton yarn inquiry and outgoing warehouses continued to be weak and sluggish, but also the early turnover of C32S and the following ring spinning and 8S-16S siro spinning also fell into the cold again (C21S, C32 woven yarn shipped slightly better than knitting yarn), OE yarn became the only "fig leaf".

In response to the volume, the import price of imported yarn in recent weeks has shown a trend of downward adjustment, both in the external market and in the internal market. In India and Pakistan, the price of cotton yarn FOB, CNF and CIF decreased by a larger margin than that of Vietnam and Central Asia. Analysis of the industry, on the one hand, in July, ICE cotton futures fell sharply, the impact of the pricing of the cotton mill gradually reflected (the main contract low 61.66, compared to the mid April decline of more than 20%); on the other hand, because China, Bangladesh, Europe and other buyers signed the cotton yarn imports fell sharply, leading to the pressure of India and Pakistan cotton mill stock pressure, cotton mills and exporters had to cut prices to run goods.

Resistance is not synchronous; first, the cost of cotton yarn is higher than that of traders; the two is the expectation that the traders will lose money in the market; the three is that the 8/9/10 domestic market starts to be full of expectation; the three is that the global monetary policy is turning loose, and China will adopt a quasi reduction, directional reduction or even interest reduction to stimulate the real economy. Four, as of the end of July, the raw materials inventory of weaving enterprises, dyeing mills, garment factories, foreign trade companies and other raw materials are on the low side. Once the internal and external sales orders are "returned", the massive replenishment will start immediately; five, the Sino US trade consultation is not empty. Weaving factories and middlemen in Jiangsu, Zhejiang and Henan indicated that the price quotations for clear cotton yarn were obviously more than that of bonded yarn and "futures yarn".

From the survey, the price difference between inside and outside cotton yarn is strong. In the middle and July of last year, there was a 100-150 yuan / ton expansion. The pressure of traders on short-term shipment was greater. They needed to wait for the news and positive factors to stimulate.