According to feedback from cotton textile enterprises in Shandong, Jiangsu, Henan and other places, except for OE yarn, C16S and below count cotton yarn inquiries and shipments are still somewhat light, 32S and above count cotton yarn sales are better, especially 50S, Combed yarns above 60S and JC60S have better sales, and cotton spinning companies are optimistic and cautious about the market conditions in the first half of 2021.
Although the main contract of Zheng cotton has recently fallen from 15,100 yuan/ton to below 14,600 yuan/ton, coupled with the new crown epidemic in Europe and the United States, which is completely out of control, the spot quotations of domestic cotton yarn and gray fabric have not fallen with the decline of Zheng cotton and Zheng yarn. As for the downward adjustment, yarn mills and traders have a strong atmosphere of raising prices.
It is worth noting that at present, some textile companies that produce high-count carded and combed yarns mostly place orders until around late January, but they are not very enthusiastic about taking large orders for medium and long-term orders that last more than one and a half months. Abandoned orders and rejected orders are not uncommon. Industry analysis: On the one hand, as the new crown epidemic in the United States continues to get out of control, mutated new coronaviruses have appeared in the United Kingdom and South Africa, and the epidemic has counterattacked in China, Japan, South Korea and other countries, textile and clothing companies and foreign trade companies have intensified concerns about foreign trade orders in the first half of 2021; on the other hand, On the one hand, the Federal Reserve and the U.S. government will continue to adopt “unlimited” fiscal stimulus policies in 2021, and central banks in Europe and other countries have adopted quantitative easing. The RMB is still expected to appreciate significantly, and textile and clothing companies are worried that their profits will be swallowed up by the exchange rate or even suffer losses.
According to customs statistics, my country’s cotton yarn imports in November were approximately 170,000 tons, basically the same as last month. However, the supply of high-quality C32S and C26S packaged bleached yarn at the port is still tight, and weaving factories in Jiangsu, Zhejiang, Shandong and other places are still tight. , middlemen are rushing to buy spot goods from yarn mills in India, Vietnam, Pakistan and other countries and rush to ship them. Overall, the current price difference between domestic and foreign cotton yarns has obviously widened (from 300-500 yuan/ton to 800-1200 yuan/ton), which is conducive to the entry of foreign yarns into the Chinese market, especially the impact of C21S and below count cotton yarns on domestic small and medium-sized yarn mills. getting bigger. In addition, some textile companies in Zhejiang, Hunan, Jiangxi and other places have reported that due to “power cuts”, the production of some textile and cloth factories has been affected. Not only are they having difficulty completing early orders, but they are also cautious about accepting future orders. </p
