Cotton Traders Worry About Rising, Traders Turn To Find A Way Out

According to Qingdao, Guangzhou, Ningbo and other places of cotton yarn traders feedback, the recent port spot C21S, 32S, 40S bleaching and dyeing yarn of the inquiry, out of the library is not satisfactory, Vietnam, Indonesia, India and other producing areas; Pakistan C8-16S siro spinning quotation and paction price are relatively stable, insufficient storage and high cost, so that the trade negotiation price and consultation space is narrow, India, Vietnam JC21S, 32S turnover is lighter.

As a whole, import yarn has three trends: first, India, Pakistan and other foreign futures yarn almost no deal.

Cotton yarn FOB, CNF, CIF high quotation and need 40-60 days ahead of schedule to make China's looms, traders attention and signing enthusiasm decline; two, blended yarn's arrival and bonded amount continued to increase, especially India T/C, CVC, T/R yarn growth is obvious, imported yarn spot is "blended into and cotton retreat" pattern; three, port yarn bonded quantity continues to decline, especially India, Pakistan JC32S, C40S and above the number of arrivals and warehouses decreasing trend is more and more obvious, and Vietnam and Indonesia yarn is stable.

The reasons for the half dead are summarized as follows: first, the reduction in yarn quality and the widespread use of cotton reserves in cotton mills to reduce the cost of the cotton products are generally lowered since mid April. The price of cotton yarn quoted in Shandong, Henan, Hubei, Jiangsu, Zhejiang and other large and medium-sized cotton mills has been reduced by 200-300 yuan / ton, while the port, bonded and futures yarn is relatively stable in India, Pakistan and Indonesian yarns (tight supply of OEC21S, C32S A+ bleached A+ yarn or even reverse up to 100-150 yuan / ton). Therefore, the difference between the quotas of OEC8S-C40S and the external yarn is raised to about 1500 yuan / ton. From the survey, the import of cotton yarn remains.

Although the ICE cotton contract in recent months has dropped from 77.40 cents to 73.35 cents in early April, it has rebounded from a V shape, but the domestic cotton price in India has deviated from it. In April, the factory price of S-6 broke through 88 cents, and the EMOT SM 1-5/32 "spreads" 3.5-4 3.5-4 / pound (the Far East port CNF price).

A large number of 2016/17 cotton and Australian cotton were signed.

Although China, Bangladesh and Pakistan signed a sharp decline, India's relevant departments believe that India's demand for high count yarn, high spun yarn and combed yarn will increase significantly, and India's yarn consumption will be full of confidence. Three, the strength of the exchange rate between India and Pakistan rupees will be different from that of the US dollar. The depreciation of the RMB exchange rate will not be conducive to the import of cotton and cotton yarn.

Since the end of January, the US dollar index has been showing a V trend. There has been no unilateral fluctuation, and there is not much bad news and data disturbance.

But some institutions and economists believe that despite the recent rise in the renminbi, there is still pressure for depreciation this year, especially.

The interest rate increases and geopolitical risks are increasing, and the Central Bank of China faces greater challenges. Policies need to be taken into account to avoid further devaluation of the renminbi, control of financial risks and steady growth targets.

In mid April,

Up to 26800-27200 yuan / ton, as compared with the yarn of national yarn, OE yarn, C21S and below are not only less competitive than the national yarn, but also bear the risk of sharp fluctuations in cotton and cotton yarn prices. Therefore, some traders continue to turn to try or expand the import of India, Vietnam, JC32S, JC40-60S, reduce the difference between the domestic yarn with the same number of domestic yarn, and the profit is also slightly higher. Expanding the import of polyester cotton, polyester sticky and cotton viscose blended yarn can not only give full play to the low cost of labor cost in Southeast Asian countries, but also reduce the risk of the risk of commodity loans as much as possible, reduce the operation of cotton yarn and cotton, expand the import of fabrics and fabrics such as India, Pakistan and Vietnam, and then export or sell domestically after deep processing in China. Traders worried about the gradual rise, but there has not been a substantial reduction in the price of goods, India Dachang, brand A yarn C21S, 32S offer is still 22200-22500 yuan / ton, 24700-25000 yuan / ton (with tickets), JC32S

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