India And Pakistan Yarn FOB, CNF, CIF Quote "Diving" Traders Said In Anticipation.

Importers from Qingdao, Shanghai and other places indicated that due to the significant depreciation of the RMB in October, the impact of the sharp decline of the FOB prices of the bonded yarn and customs clearance yarn was weakened.

Taking C21S, C32S and JC32 India yarn as an example, the current CNF quotations are 2.54-2.57 US dollars / kg, 2.68-2.72 dollars / kg, 2.88-2.92 dollar / kg respectively. The difference between the two is nearly 180-220 yuan / ton in early October and current exchange rate, that is to say, the reason is that

The cost of printing and weaving after customs clearance was reduced by 200 yuan / ton, and the quotation for the outer yarn was reduced by 200 yuan / ton.

According to Qingdao, Zhangjiagang, Guangzhou and other port cotton yarn traders, since late October, not only India, Pakistan, Vietnam and other producing areas "futures yarn" quotation began to decline, the port bonded spot and customs clearance quotation also echoed down, of which India C21-C32S C21S yarn decline slightly larger, Vietnam C32S jet, rapier yarn small callback, Pakistan C21S, C32 towel yarn because demand is relatively stable, traders generally make a profit of 200-300 yuan / ton.

An import company in Guangzhou said that the shipment of compact spinning, Pakistan siro spinning and C32S over high count yarn was slower than that in early October except for the import and export of imported OE yarn such as India and Pakistan and Thailand.

Some traders estimated that as of the end of October, China's main port bonded foreign yarn inventory was about 7.3-7.5 million tons, showing a slow growth trend. The proportion of India yarn, Vietnamese yarn and Pakistan yarn declined, and the amount of bonded yarn of black yarn, Indonesian yarn and American origin cotton yarn increased slightly.

A middleman in Huangdao said that although dozens of cabinets India C32 yarn (10/11 sailing date) had been ordered at the price of 2.58-2.65 US dollars / kg, a small quantity of delivered cargo has been delivered recently, but if

Continue to fall, the planned operating profit or a substantial shrinkage or even a loss, but domestic textile mills and traders believe that the price drop in the outer yarn has just begun, only "watch" not to purchase, so the pre sale or early lock on profit is difficult to achieve.

Some buyers believe that the market of domestic grey cloth and yarn is difficult to get out of the market in 11 and December. Therefore, there is little room for operation and profit in the import yarn market. We should reduce or empty yarn stock as far as possible, waiting for the market to pick up in the first half of 2017.

The factors leading to the decline of imported cotton yarn are summarized as follows: 1. India

The sharp decline in the price difference between the high-grade cotton harvester and other cotton harvester in the US and cotton has been regressive and the spinning cost has decreased significantly.

In October, 26 and 27 October, the factory price of S-6 and J34 ginning plants dropped to 73.25 cents / lb and 72.50 cents / lb respectively. Compared with the late September, the price of Chen cotton and new cotton fell 16-17 cents / lb and 6-7 cents / lb respectively, and the CNF quotation of 11/12 S-6 was also reduced to 74.5 cents / lb, which was lower than that of EMOT SM, which was close to 5 cents / lb.

It is understood that since mid October, the price of seed cotton, lint, cotton yarn and grey fabric has dropped from top to bottom, of which C21-C40S, JC32 and above combed yarn have dropped 400-500 yuan / ton, 600-800 yuan / ton (individual manufacturers cut nearly 1000 yuan / ton). Affected by this, domestic textile factories and middlemen purchase focus once again shifted to the domestic cotton mill.

Compared with some cotton mills in Vietnam, orders were signed all before December. The contrast is that the "futures yarn" export of India cotton mill is very sluggish. Not only the volume of contract signed by Chinese buyers has declined sharply, but also the prices of enquiries and goods taken by Bangladesh, Egypt and other Southeast Asian looms have been reduced significantly.