Multiple Positive Stimulation Of Imported Yarn Rising Atmosphere

Recently, imported yarn has been stimulated by many international and domestic prices, and the price has risen. Feedback from some Chinese main port traders: Recently, the quotation of Vietnam, India, Pakistan and Central Asia yarn has gone up, driving up the price of Port Bonded and customs clearance yarn. In January 6th, a trader in Qingdao, Shandong introduced that Pakistan, Vietnam's air spinning, conventional combed yarn C20S and C32S were more active in recent years, and the C16S and C21S high grade bleached yarns were even tight. At present, the price of Vietnamese yarn OE21S in Qingdao port and Ningbo port is around 14800-15100 yuan / ton, and the price of the C32S is RMB 20200-20500 yuan / ton, the price center of gravity is up about 200 yuan / ton compared with the previous week. As of 7 days, the price of C21S air jet bleed RMB in Vietnam was 19600-19700 yuan / ton, rising 200 yuan / ton compared with the previous week. The price of India JC21S combed knitted dyed yarn is 21400 yuan / ton, up 300 yuan / ton compared with the previous week. According to analysis, the recent market favorable superposition, import yarn rising strong support:

First, the trend of international cotton is more optimistic. Data show that on December 27, 2019 -1 2, the average price of cotton in the seven largest markets in the United States was 64.74 cents / pound, up 2.28 cents / pound from the previous week. According to the US cotton grower magazine, in 2020, the United States intended to grow cotton in an area of 12 million 82 thousand acres, which was 12% less than that of 13 million 720 thousand acres in 2019. The industry said that the cotton price is too low is the biggest factor affecting the size of the US cotton area in 2020. To make the US cotton area stable, cotton prices must rise.

Second, domestic cotton yarn rose before the year. Since late December 2019, cotton yarn has been greatly increased in most parts of China. Dachang 40S and above combed yarn, combed yarn rose 500 yuan / ton, small factory low matching low yarn quotation also has 300-500 yuan / ton rise. The price of domestic yarn has risen sharply, and the price of traders has been rising. In addition, International Cotton Traders imported yarn FOB, CIF, CNF quoted price has also continued to rise, holding spot or signed "futures yarn" traders profits significantly increased, confidence in price burst.

Third, foreign cotton mills start to raise prices. Affected by rising costs, recent Pakistan, Vietnam and other cotton mills at the spot, 3/4 month shipping price quotes have opened up the mode. For example, last week, the export price of Pakistan yarn C20S and C32S combed yarn increased by 0.06-0.07 US dollars / kg. Since the end of 12 months in 2019, the price of enquiries and transactions in India, Vietnam and Pakistan has been increasing. Cotton yarn has formed an internal and external linkage and has been competing for goods.

Under the auspicious situation, there are two totally different viewpoints in the market: first, optimism is rising. Some traders and middlemen thought that the import yarn was only a small increase before the Spring Festival. At that time, the market will open the era of "supply is king". Therefore, individual enterprises have begun to "hoard yarn". Secondly, pessimism is bearish. Some industry indicated that the recent rise of foreign yarn is part of traders' speculation before the stock market, and should not be blinded by the fog. Sino US trade prospects are uncertain, and there are too many uncertainties. In particular, the escalation of the conflict between the United States and Iran has been intense, and the world's future is uncertain. As a mature enterprise in this situation, when we look at less and do less, cash is king.