Inside And Outside Offer "Double Down" Vietnamese Yarn Or Take The Lead In "Breaking Through".

According to feedback from traders in Guangdong, Jiangsu and Zhejiang, the import and export prices of imported and exported yarn continued to be weak and declining since the end of February. Especially, the OE yarn of India and Pakistan and Vietnam C20-C32S high matching carding yarn were slightly larger than those of the global stock market, ICE and zhengmian.

From the port shipment, the import OE yarn, Pakistan 8-16S siro spinning and JC21, JC32S cotton yarn inquiry and trading boom declined compared with the previous two weeks, but Shandong and Zhejiang several import companies reflect that, by the export price reduction, timely delivery and performance guarantee, quality is relatively stable, Vietnam's "futures yarn" contract procurement has gradually become warmer in the past week. Some traders also actively adjust their operating structure, "reduce India and Pakistan yarn, add Vietnamese yarn". On the one hand, they worry about 3/4 month ICE, international cotton spot rebounding, India cotton mill delays shipment or even breach of contract. On the other hand, the impact of the new crown outbreak on shipping and highway transportation is more and more prominent.

The reasons for the falling price of imported yarn are summarized as follows: the price of domestic yarn goes up by 200-500 yuan / ton, which is mainly driven by the low inventory of downstream enterprises, the increase of logistics expenses and the increase of cost of epidemic prevention materials.

First, the global is facing the "new crown epidemic test", and the impact on the economy, the consumption of textile and clothing and the confidence of the market can not be underestimated.

Two, in recent days, the ICE main contract has broken 60 cents per pound. Apart from the Federal Reserve's interest rate cut, other fundamentals and technologies are not strong enough to support the rebound.

Three, it is still difficult for the downstream enterprises such as small and medium-sized weaving and clothing to resume production and remanufacturing, and it still takes time for space to purchase and consume imported yarn. According to the China Cotton Textile Industry Association survey, as of March 2nd, the cotton textile industry has started construction enterprises to rise to about 80%, the order recovery amount is nearly 70%; and the national cotton monitoring system survey results show that: small and medium-sized enterprises operating rate is still less than 30% and cash flow pressure is obvious;

The four is Guangdong, Jiangsu and Zhejiang, Shandong and other coastal areas, despite the gradual opening of the textile market, but most traders are in the "epidemic prevention" state, coupled with poor logistics, so the market is scarce and cold.