In the past half month, both domestic and imported cotton yarns (internal and external) have been rising. The quotations of Pakistani yarn, Vietnamese yarn, Indian yarn, Indonesian yarn, and Central Asian yarn have all gone up. Guangdong, Jiangsu and Zhejiang have all seen rising prices. Bonded and customs-cleared cotton yarn at ports such as Qingdao and Qingdao has seen a significant increase, and traders are reluctant to sell and have a strong selling sentiment.
According to analysis by industry insiders, on the one hand, the quotations of domestic 40S and below carded yarn mills have recently increased by 300-500 yuan/ton, while the quotations of high-count carded and combed yarns have increased by 500-1,000 yuan/ton. tons, the “appetite” of traders has been raised, and the quotation increase has closely followed that of domestic yarn; on the other hand, the quotations of imported cotton yarn FOB, CIF, and CNF have continued to rise, and the profits of traders holding spot or contracting “futures yarn” have increased significantly, and the price has increased. Confidence is booming.
The increase in spinning costs, production costs and the first phase of Sino-US trade caused by the rise in ICE futures With the signing of the agreement about to be positive, the cotton yarn quotations of yarn mills in Pakistan, India, Vietnam and other countries for spot and March/April shipments have begun to rebound rapidly (according to statistics, Pakistan’s export quotations of 20S and 30S carded yarn rose by US$0.07 within a week) /kg, US$0.10/kg).
Some cotton yarn traders reported that although many weaving factories, garment factories, and foreign trade companies in coastal areas have gradually entered a state of holiday and rest, the pre-holiday round of cotton, cotton yarn, and gray cloth The rising market price is somewhat unexpected; coupled with the official implementation of the second phase of the China-Pakistan Free Trade Agreement in the next few weeks, buyers are “buying up but not buying down” and the recent strong rebound of offshore RMB, and there may be another wave of appreciation in 2020 Driven by the market situation and other factors, inquiries and transactions of yarns from India, Pakistan, Vietnam, and Central Asia have continued to pick up since early December, starting a round of “Spring Festival gifts” market, with downstream companies and middlemen replenishing or hoarding stocks for production in February/March. Waiting for enthusiasm to pick up.
According to feedback from middlemen in Zibo, Weifang, Shandong, Nantong, Changzhou and other places in Jiangsu, cotton yarn bonded and customs clearance stocks have continued to decline in the past half month (especially Pakistani OE yarn, C20S-C32S Yarn transactions are active), C16S and C21S high-quality packaged bleached yarns are even temporarily tight in supply. First, traders are not well prepared for the pre-holiday round of “red envelope” cotton yarn sales; second, companies that have stocked up are selling more goods and are less enthusiastic about selling before the holiday. </p
