Domestic And Foreign Cotton Yarn Market Supply Adequate Yarn Price Weak Demand Decline

It is expected that in mid November, the stock of cotton yarn in the middle of November will be 11.5-12 ten thousand tons, and the November bonded quantity is "high fever is difficult to reduce".

And the market structure of "external strength and internal weakness" is very risky for traders. After all, cotton yarn has to be cleared to sell in the domestic market.

According to the traders in Guangdong, Fujian, Shandong and Zhejiang, the cotton yarn market at home and abroad has been characterized by "adequate supply, obvious inventory, declining demand, weak yarn prices", especially imported Siro yarn in Pakistan, India and Indonesia in the past week.

The JC21S, JC32S and JC40S compact spinning imported from Vietnam, India and other cotton mills are not favored by Chinese weaving factories and traders because of their high price and unstable quality.

In Vietnam, Indonesia, Taiwan and India and Pakistan, C21 and C32 yarn for jet OE21, OE32S and upper air jet looms are still prevailing in the market.

An importer of cotton yarn in Qingdao said that C40S and above high grade combed and combed yarn were still mainly ordered by Chinese buyers, and buyers generally designated US cotton and Australian cotton.

Cotton blending has detailed requirements for CV value, strength and so on, and the quotation of high cost yarn is not much superior to that of China. Therefore, Port Bonded C40-C60S, JC40S-JC80S India and Vietnam gauze are few and far between, and several large foreign and cotton yarn importers have only a few cabinet stocks.

From the survey, there is still a certain amount of foreign yarn arriving in the bonded warehouse in the middle and late 11 of the month, but it is different from that in the 7-9 month, and the bulk of traders and intermediaries are mostly buying. In the middle of November, the port cotton yarn inventory is up to 11.5-12 million tons, and the bonded volume in November is "high fever and difficult to drop".

In contrast to the continued rise in the arrival of yarn outside the port, there is no sign of bottoming out in the domestic market. As a result, the small and medium-sized weaving factories and middlemen of C21S, C32S and OE10S-OE21S yarn are still in the process of failure or withdrawal, and some Chinese buyers have already informed them.

The exporter has difficulty in execution of the contract, and requests to extend the shipment within one month or two months.

Some foreign businessmen believe that because of the varieties of cotton yarn produced in India, Pakistan, Vietnam, Uzbekistan, Indonesia, Taiwan and South Korea, which are concentrated in OE10S-OE21S, ring spinning 10S-32S, the products are highly homogenized, and the competition for quotation is fierce.

1-2, Qingdao, Zhangjiagang and other places C21S, C32S cotton yarn pick up offer 17200-17500 yuan / ton, 19000-19200 yuan / ton, some traders in order to ship as soon as possible to withdraw funds, cotton yarn spot special disk increased, such as C21, C21S/2, JC32S/2 and so on 16700 yuan / ton, 22300 yuan / ton, 26200 yuan / ton quotes, on the one hand, the number of special dish yarn is relatively small, traders to clean up inventory, slightly defective cotton yarn is the main; on the other hand, ports, India, Pakistan, Vietnam, Indonesia, Central Asia cotton yarn, CIF, CNF and clearing customs quotation is very confusing, the same factory production, the same batch of C32S cotton yarn quotation or even difference 200-300 yuan / ton, so the so-called special yarn has little impact on the market. November

Production of C21S and above counts cotton yarn FOB and CIF quotas rose slightly, on the one hand, with the India government fully developing seed cotton storage and storage work, India's domestic S-6, J34, MCU5 and other paction prices rebounded slightly, in the range of 0.50-1.0 cents / pounds, and ICE also recently backed up to 61 cents / pound, which continued to be consolidated in 61-64 cents / pounds. The overall quotation of cotton has a bottom and rebound trend; on the other hand, India and Pakistan's textile departments asked for increased export prices of cotton yarn and grey cloth, while Pakistan asked the government to increase the import tariff of cotton yarn 10%; in addition, the India government further accelerated negotiations with the European Union, Australia and Canada, and held talks with China and Turkey to reduce the tariff of India textile products. Compared with the domestic cotton yarn market price and volume are sluggish, the contrast of foreign yarn and US dollar quotation is strong, some India, Vietnam, Pakistan and Uzbekistan.

Some cotton yarn operators said that the "strong inside weak" market structure is very risky for traders. After all, cotton yarn has to be cleared to sell in the domestic market. Once ICE or India's domestic cotton prices have risen sharply, the quotation of foreign yarn will be adjusted, while the domestic market is still "warm water", which is out of sync with foreign markets or even opposite. Many cotton yarn procurement contracts will be very difficult to execute. Therefore, when the outer yarns of the port have been "piling up mountains" and the risk of sales is increasing, traders must place orders in order to "do their best" and not blindly advance.

Recently, some factories and traders in Henan, Shandong, Hebei and other places reflected the trend of "high-end growth and low-end slipping" in the sale of fabrics and clothing orders. Therefore, the demand for cotton yarn in C32S and below is not stable, while the consumption of cotton yarn with 40S and above counts is expected to rebound slightly. But whether or not we can promote the price recovery of cotton yarn depends on the trend of cotton, the quantity of orders and the situation of the peripheral economic market.