According to feedback from cotton spinning mills in Jiangsu, Zhejiang, Shandong, Henan and other places, since late February, Zheng cotton’s wide range of oscillations has fallen, and the demand terminal quotations for fabrics, clothing, etc. have been weak. Not only the quotations and transaction prices of cotton yarn, polyester-cotton yarn, etc. have peaked The prices have fallen back, and the downward adjustment range has generally reached 500-1,000 yuan/ton (high-count carded and combed yarns have slightly larger decreases, and open-end spinning and low-count ring spinning yarns have slightly smaller decreases), and cloth factories, garment factories, etc. are in a wait-and-see mood. As the market heats up, shipments have slowed down significantly compared to mid-February.
A yarn mill in Zibo, Shandong Province said that the current trading volume in the textile and apparel terminals and the light textile market is weak, and the pressure of falling prices has been transmitted to cotton spinning mills. Most of the yarn mills have adopted “step-by-step, trial-and-error” The price adjustment is “sexually” (a single drop of 200-300 yuan/ton for carded yarn), which is not like the price adjustment of traders in the light textile market in coastal areas. Judging from the survey, cotton yarn and blended yarn inventories of some small and medium-sized yarn mills continued to rebound slightly in March. Among them, inquiries and transactions for high-count yarns above C50S were still significantly better than low-count yarns and open-end yarns. A few yarn mills have adjusted their product mix. , plans to increase yarn production of 40S and above.
Several textile companies in Henan, Hubei and other places reported that before late April, they mainly completed pre-sale orders before and after the Spring Festival, and the amount of cotton yarn and blended yarn available for additional sales in the short term was insufficient. In addition, ICE and Zheng cotton have fluctuated sharply in recent days, with unclear directions, and the external quotations of cotton yarn are not active.
A company in Nanyang, Henan said that the “roller coaster” market situation of Zheng Cotton has a great impact on yarn mills. Yarn price adjustment is an art. If the reduction is early or the single amplitude is relatively large, 1 -Orders received in February will face implementation difficulties; if the reduction is delayed, it will affect order receipt in the second and third quarters of 2021. </p
