According to feedback from cotton textile companies in Jiangsu, Shandong, Anhui and other places, since mid-November, inquiries and shipments of OE yarns, carded yarns and high-count combed yarns of 50S and above have dropped significantly compared with October. , the inventories of some manufacturers have bottomed out and rebounded (small companies with 20,000 tablets and below performed slightly better), and the pressure on funds and sales has increased.
The industry believes that in mid-to-late November, a large number of cotton textile mills gradually completed and delivered orders received in September and October, while domestic sales and foreign trade orders in December and beyond lacked sustainability, but The decline in shipments did not exceed expectations. As the epidemic in Europe and the United States intensifies, many countries have tightened epidemic prevention measures. Textiles, clothing and other orders are facing certain performance and delivery difficulties, and the execution of some “double holiday” (Thanksgiving and Christmas) contracts has been postponed. Furthermore, as the “Golden Nine and Silver Ten” are fading away, the willingness of cotton yarn traders and middlemen in various textile cities to replenish their stocks has dropped significantly, and they have rushed to ship goods in November. Finally, port bonded and customs-cleared cotton yarns still have a relatively large impact on domestic yarns. The recent intraday drop of ICE below 69 cents/pound and the sharp appreciation of the RMB have given India, Pakistan, Vietnam, and Central Asian yarns the impetus to cut prices and seize the market.
According to surveys of various markets in coastal areas, although some large and medium-sized cotton spinning enterprises and cotton yarn traders have tried to hold up yarn prices in the past half month or so, they have all ended in failure. Pure cotton yarn, Both the ex-factory quotation and the market price of polyester-cotton yarn fluctuated downward, and the decline rate of combed yarn and high-count carded yarn was slightly larger. For example, in the Jiangsu and Zhejiang markets, the price of C32 medium-sized self-winding yarn has dropped to 21,000-21,300 yuan/ton (excluding bleaching), which is more than 300 yuan/ton lower than in late October. The price of cotton yarn with JC50S and above counts has generally been reduced by more than 500 yuan/ton. According to feedback from yarn mills and the light textile market, the reduction in yarn prices has not resulted in a rebound in trading volume. Consumer terminals such as cloth mills and garment factories have a high wait-and-see attitude, causing some cotton textile mills to accumulate inventory. </p
