In the week after the Spring Festival in 2021, the prices of cotton and cotton yarn have risen sharply, reaching a new high in two and a half years. The cotton yarn market has been booming, and textile companies have actively resumed work and production, starting up at full capacity to rush to make orders, and the downstream industrial chain has maintained It was running smoothly, but cotton fell sharply yesterday due to resonance between internal and external markets. The main ICE US cotton contract closed at 89 cents/US pound, down % from its high point. Domestic cotton futures closed at 16,340 yuan/ton, down % from its high point; the market The heat has cooled down slightly, and the purchasing mentality is cautious; with the arrival of the traditional textile peak season of “Gold, Three, and Silver”, what trend will the cotton yarn market price show?
Under the normal situation of preventing and controlling the new coronavirus epidemic, according to a survey of 402 sample companies, this year companies generally have late holidays and early start of work. During the Spring Festival, 53.48% of all employees of companies have taken holidays and stopped work. , there are also some employees who stay in the factory to work, and 33.83% of employees from other places choose to spend the New Year of the Ox on the spot; 70.15% of manufacturing and trade circulation companies have fully resumed work after the holiday, and will be able to produce and operate normally after resuming work. Progress in resumption of work It is relatively fast, and the overall enterprise resumption time is 15-20 days earlier than last year.
Textile companies will resume work around the sixth day of the first lunar month this year, and major markets in Guangdong will resume work around the tenth day of the first lunar month. Some textile companies encourage workers to stay in factories for production during the Spring Festival. During the Spring Festival, factory production operates normally; most of them The orders of textile enterprises before the holiday are relatively full, and factories have already arranged orders until March. Some textile enterprises are in short supply of yarn until the end of April. In order to focus on rushing to make orders, factories are rushing to arrange orders for production.
According to data, as of February 25, the number of days for textile enterprises to discount raw material inventory was 40.5 days, a year-on-year increase of 30.6%; the number of days for textile enterprises to discount finished yarn inventory was 10.6 days, a year-on-year decrease of 56.7% ; The inventory discount days for raw material cotton yarn in downstream weaving mills was 13.6 days, a year-on-year increase of 30.7%. During the Spring Festival, some textile companies maintained production and rushed to make orders, and their raw material inventories were depleted. The resumption of work after the holiday is progressing quickly. Some factories are running at full capacity to rush to make orders. Factories in Jiangsu, Zhejiang and Foshan are lagging behind due to the arrival of workers from other provinces, and the machines are not yet fully operational. The yarn stocks of textile enterprises are operating at low levels, and downstream weaving factories are operating appropriately. Just need to restock.
It is understood that as of the 25th, the national average price of pure cotton 32s ring spinning was 25,355 yuan/ton, an increase of 1,658 yuan/ton, or 7%, from the pre-holiday price; textile companies have signed new orders after the holiday. According to the announcement, at this stage, textile enterprises must place orders in cash and will not accept pre-sale orders for the time being. Some downstream cloth mills, fabric mills and garment companies are worried that the mills will delay delivery or even default on the contract, so they rush to urge the mills to rush into production; it is expected that cotton yarn will be in short supply in the short term. The price is running on the strong side. </p
