According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong, Qingdao and other places, since mid-May, there has been a clear rebound in internal and external inquiries, inspections and transactions of imported cotton yarn. Among them, Vietnamese OE yarn, C21-C32S The demand for high-quality bleached yarn and Pakistan’s 8S-16S siro spinning and C32 mid-to-high-quality cotton yarns is relatively active. The entire imported yarn market shows signs of “recovering from the mountains and rivers, but the bright future is bright”. Some weaving and garment companies in coastal areas have a relatively high resumption rate of production. And foreign trade companies’ attention to port stock yarn (bonded + non-bonded) and shipping schedule yarn continues to increase compared with March/April.
An import company in Ningbo said that due to the impact of the new crown epidemic, Pakistan’s domestic cotton yarn production, transportation and port operations were basically suspended in March and April. Therefore, it is not uncommon for buyers and sellers to negotiate to terminate the contract or even unilaterally break the contract. ; However, as Pakistani cotton, yarn mills, and weaving companies have pressed the “reset button” in early May; coupled with the sharp decline in Pakistani cotton yarn export quotations in the past half month, Chinese buyers have “broken the contract and then signed the contract” More. A Pakistani yarn mill with 20,000 to 30,000 spindles reported that due to the slow resumption of domestic weaving and clothing companies and sluggish demand, yarn mills have turned to exports to China, Bangladesh and other Southeast Asian countries as a breakthrough point, and competition in price and quality is fierce.
Judging from the survey, the main reasons for the rebound in domestic and foreign cotton yarn trading in Vietnam and Pakistan are as follows:
First, as Japan, South Korea, and Europe have successively started their economies, Trade, retail, transportation, and some export orders for textiles, clothing, etc. have arrived; coupled with the re-implementation of contracts that were suspended in the early stage, cotton yarn consumption has rebounded;
Second, the Indian Ministry of Home Affairs has issued guidelines to clarify Since May 18, the nationwide blockade has been extended for another two weeks to May 31 (the “lockdown” was implemented on March 25). As a result, the production, transportation, and export of Indian yarn mills are far away, and the focus of Chinese buyers has shifted to Vietnam and Pakistan. ;
Third, domestic demand and consumption that was suppressed from February to April continued to be released as the domestic COVID-19 epidemic was fully controlled and achieved phased victory. Some downstream companies have reported that the recovery of autumn and winter orders in the domestic market is faster than expected, and orders for the spring of 2021 have also begun to make patterns and samples, and orders are on the way. </p
