Foreign Yarn Shipments Warmer Traders Confidence Gradually Restored

According to Qingdao, Shanghai, Guangzhou and other places of cotton yarn traders, since mid February, the external yarn quotes both inside and outside the market have been stable and strong trend. Among them, the high-quality white bleached yarn of OE16S and C32 from India, Pakistan, Vietnam and other places are active, but they are more active than other varieties, but they are still slightly different from those of India's C21S and above bleaching and high spun yarn quotation. Pakistan's siro spinning and Vietnam ring spinning quotation are all dominated by sideways.

An importing enterprise in Huangdao indicated that after the Spring Festival, there was some improvement in bonded and spot cotton yarn viewing and signing, compared with that in December and January, especially for 32S bleaching knitted yarn, jet and rapier yarn directly supplied by large and medium-sized mills such as Vietnam and India. (JC21 and JC32S imported yarn were relatively low in bonded inventory and traders were looking for goods and goods), but the overall turnover and shipment of OE7S-OE21S yarn were rebounded but lower than that in 2018.

The analysis of the industry has led to the fact that the import and export prices of imported cotton yarn in 2 and March are higher and higher than before.

First, the domestic cotton yarn futures and spot are rising steadily after the holiday, and the CY1905 contract has given hedging opportunities.

Under the influence of the centralization of start-up and supplement of raw materials and Sino US trade consultation in February, the enthusiasm and enthusiasm of the downstream enterprises to pick up orders and production increased significantly.

Two, the yuan is constantly strengthening and the cost of imported yarn is declining.

In the past month or more, the exchange rate has broken 6.9 and 6.8, and now it is about to open 6.7. The cost of imported cotton yarn continues to decline, and its competitiveness is becoming more and more prominent.

According to statistics, in early March, the price of high quality cotton yarn in Vietnam C32 was 500-700 yuan / ton compared with the domestic yarn of the same quality, and India bleached yarn was also less than 300 yuan / ton of domestic yarn.

Three, with the introduction of a series of measures, such as lowering the tax rate, reducing tax burden and lowering the financing threshold of the central bank, the demand for cotton yarn consumption has stabilized and picked up.

As a representative of small and medium sized enterprises, textile mills, garment factories and foreign trade companies have welcomed many important benefits from this "combination boxing", and their confidence and market vitality have continued to recover.

The four is that ICE cotton futures have not been broken, and the price of yarn has increased cautiously.

At present, the May contract is still oscillating in the 71-75 cents / pound compartment, and the external market economy, geopolitics and conflicts are faced with great uncertainty. Therefore, before the uncertain situation, the cotton mills in India, Pakistan, Vietnam and other countries did not intend to report rashly.