According to feedback from cotton yarn traders in Guangdong, Jiangsu and Zhejiang, etc., since mid-August, domestic weaving enterprises and middlemen have continued to pick up inquiries and pick up goods for bonded and customs-cleared foreign yarns at ports. C21S-C40S are medium and high-quality packaged bleached Indian yarns and Pakistani yarns. , Vietnamese yarn, Uzbekistan yarn, etc. have increased significantly. The transaction volume of high-count carded and combed yarns of 50S and above originating from India and Vietnam has not improved much, and continues to be in the state of “few markets with high prices”.
An import and export company in Ningbo said that although ICE and Zheng cotton have risen sharply since last week (the main ICE contract exceeded 95 cents/pound on August 17, the intraday high 96.71 cents/pound, a new high since 2013), but the US dollar quotations for domestic and foreign yarns have generally stabilized, and a few foreign yarn mills and traders have increased slightly. Domestic cotton yarn continues to rise driven by the sharp rise in cotton futures and the expectation of the “Golden Nine and Silver Ten” peak season in the cotton textile industry (in the past week or so, the ex-factory price of yarn mills has generally increased by 300-500 yuan/ton), and the price difference between domestic and foreign cotton yarn has once again increased As a result, some buyers have adjusted their purchasing directions.
Judging from the survey, although the arrival of cotton yarn from Vietnam, Indonesia, Thailand and other origins in Hong Kong in July was not smooth due to the worsening of the epidemic, the cotton yarn from India, Pakistan, Central Asia and other origins was relatively unsatisfactory. China’s exports continue to recover, especially the arrival and warehousing volume of Indian OE yarn, C32S and JC32S yarn in Hong Kong.
A cotton yarn trader in Foshan judged that my country’s imported cotton yarn arrival volume in July continued the trend of both month-on-month and year-on-year growth in June, and the actual import volume of Indian cotton yarn may exceed the The gap between Vietnam’s cotton yarn and Pakistan’s cotton yarn imports has further widened. Compared with Pakistani yarn and Central Asian yarn, Indian cotton yarn is more cost-effective. In addition, Vietnamese yarn mills have been greatly affected by mutant strains such as “Delta”. Production, shipping, and delivery have been affected. Some weaving factories and middlemen have Purchasing is tilted towards Indian cotton yarn. </p
