Imported Yarn Continues To Be Weak, There Is A Breach Of The Outer Dish.

According to the cotton yarn trading enterprises in Jiangsu, Zhejiang, Shandong, Guangdong and other places, since the end of May, the import and export of the imported yarn and the internal market have been declined, and the activity of C21S, 26S, 32S and other high grade bleaching yarns has been declining. JC21S, 32S, 40S India and Vietnam yarn are basically unsalable, only the spinning of OE yarn, 16S and below rings shows "unsatisfactory", and the production and demand of some domestic denim, home textile and towel enterprises are relatively stable.

Why is imported yarn "grandma doesn't hurt my uncle's love"?

On the one hand, the range of yarn inversion at home and abroad has obviously expanded. By Zheng cotton CF1909 broke 14000, 13000 (a new low since June 2016), the export orders have shrunk dramatically, the rapid growth of gauze inventory, the price of domestic yarn has dropped fiercely in the past half a month. The C32S bleaching yarn has dropped from 23300-23500 yuan / ton to 22000-22200 yuan / ton, down 1200 yuan / ton. At present, the price of yarn in India port, Vietnam, Indonesia yarn at port clearance is higher than that of domestic yarn 500-800 yuan / ton.

On the other hand, concerns about the overall escalation of Sino US trade war have led to a sharp fall in the import demand of Chinese textile and garment enterprises for cotton yarn consumption. First, the transfer of orders to Southeast Asian countries became more and more prominent in August and beyond. Two, American buyers asked Chinese manufacturers and trade enterprises to bear and digest the losses caused by tariffs imposed by the US government. Most Chinese enterprises did not make money at a loss. Three, some Chinese enterprises transferred orders to overseas subsidiaries in order to avoid risks of origin.

Judging from the survey, the recent Pakistan yarn outer disk default is more prominent, the 4-5 month shipment and delivery volume is obviously lower than expected (according to customs statistics, in April 2019, China imported 13 thousand and 900 tons of Pakistan yarn, accounting for only 7.24% of the total import volume of China's cotton yarn in the month, reaching a new low since 2016).

The protocol is expected to enter into force in June, and the Pakistan yarn can be imported into China in the form of "zero tariff". Therefore, the contract for import and export of yarn imported from the buyers and sellers is postponed to 6-7 months after the entry into force of the protocol. The contract is not destroyed but postponed. Secondly, since May, the price of cotton and cotton has collapsed, and the spot price of 2018/19 has collapsed, and the domestic yarn has dropped sharply. In addition, the competitive advantage of Pakistan yarn has obviously declined, and the contract price of some Chinese buyers has been shrinking or even breaking even. First, the People's Republic of China government and the Islamic Republic of Pakistan government on Revising the free trade agreement.