Chinese Buyers Are Busy Placing The Order And India And Pakistan Yarn.

According to some traders, by the end of November 15th, the number of bonded cotton yarn in domestic ports was about 8.2-8.5 million tons, which increased by 0.5-0.7 million tons at the end of October. The arrivals of India and Pakistan gauze were more obvious, Vietnamese yarn shipments were relatively stable, while Uzbekistan, the United States, Thailand and other producing yarns were declining.

The industry believes that because the price difference between inside and outside cotton yarns is difficult to narrow in the short term, the supply of domestic OE yarn, C32S and below count cotton yarn is declining, and the export volume of India and Pakistan is strong. Therefore, the total amount of bonded yarn will break through 90 thousand tons or even 100 thousand tons in 11 and December. Meanwhile, the competitiveness of India Pakistan yarn will decline and the hot selling momentum will be curbed.

On the one hand, the India rupee exchange rate is lower and the demand is supported. In recent days, the factory price of S-6 and J34 in India ginning factory has increased by 1.5-2 cents / pound; the difference between 12/1 S-6 1-5/32 and EMOT SM has narrowed to 1.50-1.60 cents / pounds in the month of 12/1, and the increase in the cost of the mills has led to the increase in the price of FOB and CNF. On the other hand, according to the regulations, after March 2017, the Chinese government will restart the national storage cotton wheel, and a large number of low grade, low quality and low price cotton will flow into the cotton spinning mill.

The start-up rate has increased, and the supply of cotton yarn with C32S and below has increased greatly.

The industry analysis triggered a strong rebound in import yarn recently, including the following factors:

First, the domestic cotton prices rose at a high level, especially in the 10 and 11 days of November, when the CF1701 contract broke through 16000 yuan / ton and 17000 yuan / ton, which led to the "appetite" of Cotton Traders and traders on the spot price. The price of "double 29/ double 30" machine picking cotton and "double 28/ double 29" hand picked cotton prices were in the range of 15800 yuan / ton (gross weight).

Two, due to the "bottleneck" of Xinjiang cotton exporting Xinjiang in 10 and November, the price is generally higher than that of the cotton mill, while the real estate cotton market is slow and the quality is low, so C32S and above

The influence of cotton blending and production has been more and more obvious. The supply has declined, and the procurement of weaving factories in Jiangsu, Zhejiang, Guangdong and Shandong has shifted ahead of schedule.

Three, after entering the November, the domestic cotton textile factories, garment factories and foreign trade companies are in a state of tight cash flow. Many enterprises are breathless due to the repayment of loans, clearing materials, wages, bonuses and other expenses. In order to maintain production, it is a feasible and reliable strategy to purchase imported cotton yarn for LC90 days. Some manufacturers and traders are planning to prepare for 1/2/3 months.

It is understood that since the beginning of November, the number of cotton yarn and polyester cotton yarn from India, Pakistan, Vietnam, Uzbekistan and other places that have arrived in Hong Kong and bonded warehouses has gradually increased. The varieties are mainly C20S-C32S and siro spinning 10S-16S in Pakistan.

The shipment and delivery volume of OE yarn has declined. India's C21S, C32S jet and rapier yarns are more active for sale. Some traders' ports have just been on board, and domestic sales have been sold.

Zibo, Shandong,

Other places weaving factories and middlemen said that the signing price of India C21S A and C32S A yarn in mid November was 2.42-2.45 USD / kg, 2.58-2.62 USD / kg, and the price of RMB after clearance was lower than that of the same number of domestic middle grade cotton yarns, which was priced at about 1000 yuan / ton, thus triggering a high degree of concern and positive response from buyers in the country.

However, JC21, JC32, JC21S/2, JC32S/2 and other combed yarn and high count yarn were not very popular in the inquiry and paction. Although the cloth factory and garment factory approved the quotation of 2.85-2.92 / kg for JC32S printing yarn, the internal and external sales orders were not ideal so that buyers could only choose to "Watch vegetables for dinner" and produce them on demand.