According to feedback from cotton spinning enterprises in Shandong, Jiangsu, Henan and other places, due to the wide fluctuations in futures prices, different order situations of cotton spinning mills, and large differences in the inventory cycles of raw materials such as cotton, polyester staple fiber, viscose staple fiber, etc., in March Since the second half of the year, domestic cotton yarn quotations have been chaotic. The price difference of 32S cotton of the same quality has reached 300-400 yuan/ton, and the price difference of 50S and above high-count yarn and combed yarn is even greater.
An 80,000-spindle yarn mill in Jiangsu said that compared with the falling prices of cotton yarn in the light textile markets in Jiangsu, Zhejiang, Guangdong and other places, the price adjustment by the yarn mill was an afterthought, but every time The secondary price adjustment will have a greater impact on upstream cotton, downstream gray fabrics, fabrics and clothing companies. On the one hand, orders for cotton yarn and gray fabrics in March were not satisfactory, mainly because domestic sales and foreign trade overdrafted demand in January and February; on the other hand, cotton prices plunged sharply in late February, resulting in a strong wait-and-see atmosphere in the industrial chain.
As of the end of March, cotton spinning mills, fabric and clothing factories are still in a state of continuous accumulation of inventory: First, judging from time and market feedback, it is expected to usher in mid-to-late April For some orders that have been postponed since mid-February, yarn mills and cloth mills are confident that they are not missing, but they need to trade time for space; second, cotton yarn (especially medium and high-count cotton yarn) must give up part of its profits to downstream terminals to straighten out the industrial chain. , production and sales will gradually become balanced. Judging from the survey, the main contradiction in the current market is the game between cotton yarn, gray cloth, and fabrics. Cotton yarn has skyrocketed around the Spring Festival, and spinning profits have greatly improved, making it difficult for weaving mills and fabric companies to digest, forming a “barrier lake”. Therefore, cotton spinning How companies exchange volume for profits is the key to whether the entire cotton spinning industry can return to “on track.”
Cloth factories and fabric companies in Jiangsu, Zhejiang, Henan and other places believe that the correction of cotton yarn has not yet been completed, the decline will intensify, and it is not attractive to consumer terminals. First of all, the CF2105 contract price has dropped from a high of 17,080 yuan/ton to about 14,500 yuan/ton, while the spot price of cotton yarn has only retreated by 1,200-1,500 yuan/ton; secondly, there are problems with orders in intermediate links such as gray fabrics and fabrics, and cloth factories, The bullish sentiment among printing and dyeing factories and traders is high, and a large amount of yarn, gray fabrics, and fabrics are sending wrong signals to the market. They need to reduce prices to clear warehouses and withdraw funds, which continues to put pressure on cotton yarn. Thirdly, the high-leverage procurement model of imported cotton yarn has also created a negative impact on domestic cotton yarn. Suppress. Judging from the survey, in February and March, the deposit for a container of Indian cotton yarn is 50,000 yuan, and the deposit for a container of Vietnamese yarn is 20,000 yuan, while domestic yarn requires 100% cash and spot (no credit, no account period, and domestic letters of credit are not accepted) ). </p
