Yarn Market: Air Spinning First To Warm Up

According to the cotton yarn importers and middlemen of Qingdao, Shanghai, Shaoxing and Guangzhou, nearly a week, Combed Knitting yarn, imported C21/2, C32/2, C40S/2 and JC21, JC32, JC40S compact spinning, siro spinning cotton yarn inquiry, goods and transactions are still relatively low, the price is relatively weak, the bargaining power of trade is weak; 21S, 30S, 32S, 40S knitting yarn made in Vietnam and India are "unsatisfactory", mainly due to the impact of domestic sales orders "not booming in peak season but not slack in the off-season". But it is worth noting that since the late October, orders for importing all cotton spun OE10S-OE32S cotton yarn have bottomed out, especially in the OE21S, OE32S air-jet yarn, India, Vietnam, Indonesia and other countries.

Analysis of the industry, on the one hand, in the spring of 2016, orders have been completed proofing, fixed orders, orders have also arrived, jeans and medium thickness fabrics, clothing orders for the demand for OE yarn larger, some weaving factories, fabric factories and garment factories have begun to purchase raw materials; on the other hand, OE21-OE32S because of low production costs, simple process, and appropriately improve the spinning and matching cotton ring spinning C21S, C32S yarn to form a strong replacement effect, Jiangsu and Zhejiang, Guangdong and other factories and garment factories basically purchase high OE yarn. Traders in Qingdao and Guangzhou said that although the OE yarn is now showing signs of low recovery, the price is still weakening slightly, and the profit margin is generally around 100 yuan / ton.

On the one hand, with the improvement of the quality of new cotton in the middle period, China's cotton mills have replenishment, and domestic cotton prices have hit the bottom and rebounded slightly, while the ICE futures disk has been raining in the main cotton producing area of Texas. India government The total purchase and storage of 61 cents / pound were pushed back to 65 cents / pound pressure level, and the CIF/CNF quotations of American cotton and Australian cotton also almost fell. On the other hand, the difference between China and India, Pakistan and other domestic cotton was 2500-3000 yuan / ton. The small and medium-sized cotton mills either stopped production or went bankrupt, or the main products were cotton yarn with C32S and above counts. 21S and OE yarn were almost the world of the cotton mills in Southeast Asia and Central Asia. Therefore, the import of low-grade and heavy fabrics, fabrics and clothing orders was most beneficial.

On 3-4 November, the CNF quotations of OE10S, C21 knitted, C32S knitted, JC32S yarn produced in India, Qingdao and Shanghai port were 1.52-1.54 dollars / kg, 2.40-2.45 dollar / kg, 2.68-2.72 dollar / kilogram (mainly depending on brand, different quality and cotton assorting restriction), and Pakistan C21S and C32 yarn were lower than the same number of India yarn for USD / kg because of quality, cotton price and so on. The cotton yarn of Vietnam origin was mainly cotton, Brazil cotton, Central Asia cotton and West Africa cotton, and cotton cost was higher than that of India and Pakistan.

It is also understood that Pakistan The impact of domestic cotton mill 30% failure, strike and insufficient energy supply, the number of cotton yarn shipped to China's main ports in 10 and November has declined significantly, but some large cotton traders have adjusted their direction in time to expand the signing import of India cotton yarn, Central Asian cotton yarn (Uzbekistan, Turkmenistan, etc.) C21S and above count cotton yarn. Therefore, it is estimated that the number of foreign yarns arriving in Hong Kong in 11 and December will still be larger. Cotton yarn Bonded pressure will be very prominent, and cotton and cotton yarn traders are likely to make the same choice.