Yarn Quotation Inside And Outside Hanging Upside Down

According to the feedback of cotton yarn traders in Guangdong, Jiangsu, Zhejiang, Shandong and other places, the inquiry and shipment of imported cotton yarn continued to be light and sluggish in the past week, and the orders of c21s-c32s high-quality packaged and bleached yarn in Vietnam and India in the peak season have been broken again and again. Due to the large amount of bonded and customs clearance inventory at the port, capital is occupied; in addition, the number of shipment and delivery in March / April is still not low, recently, traders in Foshan, Shaoxing, Changzhou and other light textile markets have sold c8s-c16s Pakistan siro spinning at low prices, in order to recover funds as soon as possible and ease the cash flow pressure.

From the quotation point of view, since the middle of March, the imported cotton yarn's outer and inner disk has been continuously declining, and OE yarn, common carding yarn and combed yarn have not been spared; on March 24-25, the quotation of 32c package bleaching India Pakistan yarn at Qingdao port was 150-250 yuan / ton higher than that of domestic yarn. Due to large losses, inverted prices of cotton yarn at home and abroad, and the increasing proportion of production reduction and production stoppage of Indian / Vietnamese mills, cotton yarn traders are not willing to reduce prices and sell goods in the short term. According to several Vietnamese cotton mills, due to the new crown pneumonia epidemic, the devaluation of the RMB and the relatively slow resumption of production in China's weaving and garment enterprises, some varieties have "price but no market" since February, and the inventory has continued to increase.

According to customs statistics, from January to February 2020, China imported 280000 tons of cotton yarn, a year-on-year decrease of 1.4% (the import volume in January was slightly larger), while the cumulative import of cotton yarn decreased by 1.1% from September 2019 to February 2020. Therefore, despite the impact of the Spring Festival and the outbreak of the new crown epidemic, the decline of cotton yarn import in the first two months was not prominent.

On the other hand, due to the strong demand of China's cotton producers in December 2020, some cotton producers in China are expected to have a strong demand for cotton yarn in October 2020 Problems and the United States restart to impose 25% tariff on some Chinese goods, passive devaluation of people's exchange rate and other negative pressure (some small weaving and clothing enterprises in Henan, Shandong, Jiangsu and Zhejiang are facing the risk of stopping production again). Therefore, the situation of Cotton Yarn Import and consumption in March and April is relatively large.