According to the cotton yarn traders in Qingdao, Shanghai, and Guangzhou, since the beginning of September, the sales of Indian air-jet C21 knitted and C32S knitted yarns with better inquiry and shipment in the early period have continued to weaken, except for the 8S-16S Siro spinning in Pakistan. Yarn performance was “worseâ€. The turnover of low-ring ring spinning and rotor spinning fell compared with July and August. Attention and inquiries from C32, C40S, JC32, JC40S and 40S and higher yarns from India, Vietnam and Uzbekistan were higher. Increasingly, some traders actively contacted foreign spinning mills and exporters to adjust shipments or order high-yield yarns for the October/November period. On the one hand, “Jinjiuyinshi†orders are mainly made up of spring and summer fabrics in 2017, the procurement of weaving plants and garment factories gradually adjusts to C32S and above with high-grade and high-quality, and the output of high-strength and high-density wide-grain fabrics continues to grow, while OE yarns, The demand for denim fabrics and industrial fabrics corresponding to low-count ring spinning has gradually slowed down. On the other hand, as medium-sized and small textile enterprises increase their bids from the reserve cotton wheel, the supply of 21S and below low-yield domestic yarns has risen again, and As the prices of FOB, CNF and CIF yarns of yarn factories in India, Pakistan, and Vietnam were significantly higher than those of port traders, even if the Indian S-6 gin factory price fell from 95.2 cents/lb to 82.20 cents/ Pound (Chenmian), CNF prices for yarn mills C21, C32S yarns are only reduced by 0.15-0.20 US dollars/kg (FOB prices of Indian C32SA are at least US$2.55/kg on September 10-12), and the competitiveness of imported cotton yarns is low. Weakened.
Some textile companies believe that the reason for the increase in import prices of imported high-supplied cotton yarn is that the principle of reserve cotton turns is grade and quality is high to low. In 2015/16, the cotton is basically consumed, but before processing and listing in mid-October, Due to the large value of horses and the low strength of breakage, cotton can only be used as cotton and civilian cotton. It does not meet the cotton requirements for high-yield yarns in spinning. Therefore, C32, C40S, and JC32 are currently packaged on the market for bleaching, dyeing and wrapping. The supply of JC40S cotton yarn is not sufficient. Some medium-sized textile mills in Hebei, Shandong and Henan provinces stated that since the end of August, inquiries from weaving factories and garment factories have increased, orders for C32S yarns and above have increased, and high-yarn yarns in spinning mills have been “destockedâ€. The supply of high-grade, high-quality cotton is tight in the near future, and the high value of imported high-branch imported yarns from the port is relatively low, so we are cautious about "short, flat, and fast" orders. Whether or not "blanched and bleached" cotton yarn has become the focus of both buyers and sellers' attention and repayment. According to a trader in Qingdao, due to the tight supply of high-grade cotton in India since June and the “highly unreliable†price, the mill can only import US cotton, Brazilian cotton, West African cotton and other temporary “famineâ€, and the cotton blending is very complicated. The quality of 32S and 40S cotton yarns in the 8/9/10 month period is not guaranteed at all, and they are not able to “bleachâ€. Therefore, weaving plants and traders must be cautious in signing contracts, and the gap between each batch and each count of cotton yarns is large. .
It is understood that in September, China's main port cotton yarns showed a slight decline in the amount of bonded, C32S and above the number of counted inventory decline is particularly obvious, on the one hand in June and July, the dramatic increase in external yarn prices caused Chinese weavers, traders strongly boycotted In July and September, the purchase of "futures" yarns has been greatly reduced, and the volume of inbound warehousing has continued to be lower than the volume of shipments. On the other hand, the gap between CNF and CIF quotes for cashmere spot yarns from yarn mills in India, Pakistan, and Vietnam reached 0.20 - 0.25 US dollars / kg, obviously "upside down" (as in late August, Qingdao port traders C32SA Indian yarn offer 2.78-2.82 US dollars / kg, but the Indian mills offer is generally more than 3 yuan / kg), India and Pakistan and other yarn The willingness of the factory to export to Chinese buyers has dropped significantly.
As for the short-term trend of FOB and CNF quoted by India and Pakistan, Chinese buyers generally continue to be bearish and have not really reached the bottom of the bargain-hunting schedule. As long as India's new cotton is already on the market in small quantities, and the spread between 2015/16 Chenmian reaches 7-8 cents/pound, Indian cotton prices will continue to adjust downwards. The factory price of S-6 gins is expected to be around 70. -72 US cents/lb near bottom; buyers from China, Bangladesh, and other countries have a cool sign on Indian yarn, and they are not competitive in terms of quotations and quality. In July, the value of cotton yarn exports in the country dropped by 36% year-on-year; medium and low grade cotton in the Chinese market Sufficient supply (after March 2017 will start the reserve cotton round, plus real estate cotton), the volatility of the cotton price has been fully narrowed, and the C32S and lower yarns have become part of the textile mills to obtain orders and maintain production. The important way to import cotton yarn into the Chinese market is very difficult.
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