Siro Spinning In Pakistan For Half A Month Has Been Diving And Imported Yarn.

According to Jiangsu, Zhejiang, Guangdong, Shandong and other places of cotton yarn traders, since the beginning of July customs clearance yarn, spot and distant shipping date Vietnam, India, Pakistan yarn and other quotations continued steady, cotton mills, exporters and domestic intermediaries price adjustment is not strong, but the difficulty of signing and shipping, some traders are not even open a week.

The import and export of JC21-32S India and Vietnam yarn is more obvious. The Pakistan C8-16S siro spinning, which was relatively active in the early days due to low bonded inventory, was also diving for nearly half a month.

Although the ICE cotton fell sharply in the first half of June, the price of cotton, cotton, West African cotton and Ukrainian cotton in the 2017/18 has been fully callback, and the difference between domestic and foreign cotton has increased to around 1500 yuan / ton. However, due to the lack of 1% quotas for cotton import quotas, the positive effects of foreign cotton falling are irrelevant to small and medium-sized textile enterprises and cotton traders. Therefore, some investment institutions and cotton related enterprises believe that the import of cotton is blocked, but the import of cotton yarn which is not subject to import quotas will become a breakthrough for the Chinese textile factories, garment factories and foreign trade companies. The trend of cotton yarn replacing cotton imports will be formed, and the enterprises entering or planning to enter the imported cotton yarn business will not be reduced or increased instead of 2017/18. A trader in Qingdao

The reasons for the weak import and strong price of imported cotton yarn are summarized as follows: 1. Since late June, although the prices of cotton and American cotton in ICE period have dropped sharply, cotton prices and cotton prices of India cotton and Pakistan cotton remain high (Pakistan's domestic cotton prices are rising against the trend). The cotton mills in India, Pakistan and other countries do not have room for reducing yarn prices. Besides, India GTS has put a lot of pressure on the mills to feel that the mills and exporters are jointly protesting.

For example, on 11 and 12 July, China's main port C/A SM 1-1/8 "SM 1-5/32" Ao cotton CNF quotes 82.50-82.70 cents / pound, 85-85.20 cents / pound, but S-6 1-5/32 "quote as high as 85.50 cents / pound, and quote EMOT EMOT" price inversion more than 6 cents / pound.

Two.

Price adjustment has a long lag.

In the late June, no matter Vietnam, Indonesia, Turkey or India, the main signing period of the US cotton and Australian cotton spinning was mainly 3-5 months. The main price of the ICE cotton main contract was 72-76 cents / pound, the C/A SM contract price was mostly 87-91 cents / pound, the cost of supporting the cotton mill had to be very high; three, the recent US dollar index weakened, India rupee, Vietnam shield, Pakistan rupee and other strong exchange rate against the US dollar, resulting in the import yarn quotation difficult to adjust downward.

The US dollar index hit a 9 month low of 95.47 in June 30th, followed by a bottoming.

It is worth noting that as the Federal Reserve's further tightening policy becomes more and more clear, and Trump's new measures will also come to an end, the US dollar trend will return to strength in the second half of this year.

From the survey point of view, at present, Qingdao, Shanghai and Guangzhou ports have cleared C21S and 32S Vietnam yarn quotations of about 21100-21300 yuan / ton, 22800-23000 yuan / ton (brand yarn, no package drift), while C21S-32S India yarn quoted price is higher.

200-300 yuan / ton, JC21S and 32S are higher than Vietnamese yarn 500-700 yuan / ton.

The weaving and traders in Jiangsu, Zhejiang, Shandong and other places showed that although the difference between the inside and outside cotton yarn prices, C32S and 40S had dropped to 300-500 yuan / ton, compared with 4 and May, the difference of 1200-1500 yuan / ton was greatly reduced, but the following 3 factors restricted the purchase of imported yarn: first,

With the arrival of the off-season, the order of C32S and below low count yarn is more obvious; secondly, as the cotton, cotton and other cotton producing areas in India come to the later stage, the quality and quality of the cotton are slipped, the yarn quality is unstable and the delivery is not in time. Thirdly, the cash flow from terminal to the middle reaches and upstream reaches tighter, and the tightening of monetary policy becomes more and more prominent.

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