High Grade Cotton Has Been Basically Used Up In Cotton Exporting Countries.

Since the beginning of this year, the import of cotton yarn in China has decreased significantly compared with the previous year.

By contrast, imported yarn has been frustrated.

The recent increase in China's reserve cotton supply and the possible delay in the launch also pose a greater challenge to the import yarn trade.

According to the analysis of foreign cotton yarn traders, there are two main problems in the import of yarn recently. One is the price is bearish and the profit is reduced; the two is the quality is worrying.

The price of imported yarn is higher than that of domestic yarn for several months, and imports continued to decline in a single month.

At present, most of the mills in Vietnam use the cotton which is purchased at a higher price in the earlier stage, while the output and delay of China's cotton reserves and the global high yield next year will bring greater pressure on the import yarn prices.

It will be further compressed.

In terms of quality, with a large amount of cotton consumption in this year, the high grade cotton in the main cotton exporters has been basically used out, the remaining cotton consistency is relatively poor, the producers are likely to be forced to use low grade cotton, and the India yarn, Pakistan yarn and even Vietnamese yarn in the later port can have quality problems.

For Vietnamese yarns, if we use cotton in Asia and mix all kinds of sources, the problem will be even greater.

If the quality is guaranteed, the price will not be competitive.

According to industry analysis, with the decline in cotton prices, imported yarn is likely to use cheaper cotton, so buyers need to pay attention to the quality of cotton yarn in the near future.

For sellers and manufacturers, the time of purchase cotton and the time of new flower listing will largely affect the profits of imported yarn.

Entering the July also entered the peak season of textile, Xinjiang cotton grow well, cotton prices rise.

In late July, the news of delayed delivery of cotton reserves spread.

The management company issued the sixth batches of storage cotton inspection plan for the reserve cotton volume of 414 thousand tons, all of which were Xinjiang cotton, and the price of cotton futures contracts fell continuously in recent months.

The release of reserve cotton may be postponed to become the heavy news of the cotton market in July, causing the re judgement of market supply and demand, and the supply of cotton from August to November will be better, easing the tight mentality and structural contradictions of the downstream procurement.

Futures prices are cold.

From the international point of view, ICE futures fell sharply from the decline of Zheng cotton futures, and then short positions to support cotton prices to recover some of the decline, ICE cotton did not appear a big decline.

In the latest cotton supply and demand report released by the US Department of agriculture, cotton production in India, the United States and China has increased, and most of the ICE cotton negative factors have been reported.

Since 2017, the price of cotton contracts in recent months has been frequent.

Before March, before the launch of the reserve cotton, the price of the contract in the recent months was higher. But with the improvement of the public inspection and the reserve cotton listing, the situation of supply and demand was resolved quickly, and the turnover rate returned to normal.

In the second quarter, the cotton textile market production is getting warmer and warmer. The amount of new cotton in the reserve cotton is very limited, and the futures market has begun to rise.

In May, the cotton planting area in Xinjiang was basically determined, the output was optimistic, and the global cotton supply, domestic commercial stocks and cotton storage were stable. The market believed that the supply of cotton was generally adequate, with the emphasis on air and the downward trend of Zheng cotton.

Judging from the domestic cotton spot market, enterprises believe that combined with the arrival of the peak season of textile production, the overall production is stable, and the spot price of cotton in the third quarter is generally stabilized. Enterprises are paying close attention to the new trend of the policy of putting cotton into production.

The textile industry is in the traditional off-season, cotton yarn prices are declining as a whole, production and sales ratio has decreased, business pressure has increased.

The cotton price is stable and the cotton spot price is decreasing steadily. The international cotton price is affected by many factors, which is larger than the domestic price. The difference between the domestic and foreign cotton spot price continues to expand.

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