Since October, The Import Of Yarn Peak Has Been Recovering From The Bottom.

According to feedback from Cotton Traders and weaving enterprises in Guangdong, Jiangsu, Zhejiang and Shandong, the import, export and shipment situation of imported cotton yarn has been bottoming up since the middle of October, especially in 8S-16S Pakistan siro spinning, C21-C32 high knitting yarn and OE10S-OE21S yarn. However, sales of imported cotton yarn with high 40S and above have not been much improved. Traders focus on low, medium and self winding.

From the survey point of view, "stuffy" for several months, the port stock larger cotton trade enterprises have to seize the opportunity to ship, lighten up; another is understood, at present, Pakistan, Vietnam, India and other "futures yarn" inquiry, contract also gradually picked up, OE10S-OE16S, C20S-C40S is still the Chinese traders and looms factory attention and import "main force".

Why did the import of yarn peak return and trading was relatively active? The industry's analysis is as follows:

First, in the past half a month, Zheng continued to rebound (from 11970 yuan / ton to 12830 yuan / ton), cotton spot price should float 600-800 yuan / ton, the price of domestic cotton yarn was forced to rise, while the price of imported yarn was stable (the price of printed yarn was weak), so the price difference of cotton yarn between inside and outside was greatly narrowed.

Two, Guangdong, Jiangsu, Zhejiang and other places, clothing and weaving enterprises have reflected the receipt of short and medium orders (mainly denim, bedding, towels, shirts and so on). Although there is a gap between the expected "golden nine silver ten" and the start-up, production and marketing situation continues to rise, the increase of C40S below the low count yarn needs.

Three, a sharp rebound in the RMB exchange rate is conducive to imports of cotton and cotton yarn. Driven by favorable news such as the improvement of the trade environment, the RMB exchange rate has nearly rebounded from 7.14 in the last 5 trading days. In October 10th, the offshore renminbi intraday had even rebounded sharply more than 600 points in the recent 7.14 days.

The four is the first phase of the thirteenth round of trade negotiations between China and the United States. The US side suspended the import of 250 billion US dollars from China to raise tariffs in October 15th.