Orders Fell To Freezing Point Yarn Market Continued To Fall

Last week (March 30th -4 6), the global epidemic spread further, and the market panic increased. Cotton prices oscillate at a low level and yarn orders continue to drop to freezing point. Enterprises have been unable to bear heavy pressure, and the yarn quotes have been lowered one after another.

Raw materials for cotton. With the low level oscillation of Zheng cotton, the domestic cotton seeding has been launched. Due to the target price of 18600 yuan / ton in 2020, the market confidence has been greatly increased. It is estimated that the cotton planting area in Xinjiang will remain stable this year, and the mainland will continue to reduce its area due to factors such as industrial adjustment and income. As of April 6th, 2019/20 North Xinjiang local machine picked cotton "double 28" (including less than 2.5%) the main quoted price difference in CF2005+ (400-600) Xinjiang storehouse, with low quality base resources less; long staple cotton quotation fell sharply, 137 class mainstream quotation in 20700 yuan / ton nearby, compared to the previous week fell 500 yuan / ton or more.

Other raw materials. As of April 6th, the mainstream price of 1.4D*38mm direct spinning polyester staple in Jiangsu and Zhejiang provinces was quoted at 5200-5300 yuan / ton, down 400-500 yuan / ton compared with the previous week. Since March, the price of PET staple has fallen by nearly 2000 yuan / ton, and sales have dropped sharply. Jilu area 1.5D*38mm viscose staple price quoted at 9000-9200 yuan / ton, compared with the previous week fell 300 yuan / ton, general sales.

Pure cotton yarn. With the rapid spread of the global epidemic, more and more countries began to "close the door" to fight the epidemic, and the number of yarn orders fell to freezing point. The purchase and sale in the domestic market is deserted, and the enterprises reduce their stock prices. It is understood that Guangdong, Fujian, Jiangsu and Zhejiang and other regions downstream orders for more destruction, enterprises suffered huge losses. At present, most of the market transactions are based on rigid demand, and some enterprises have reduced production capacity or even reduced holidays. In April 6th, the price of 21S and 32S in a factory in Binzhou, Shandong was 18200 yuan / ton and 19000 yuan / ton respectively, compared with 400-500 yuan / ton in the previous week. Air spinning market fell, OEC12S price of a factory in Henan was around 15000 yuan / ton, down 300 yuan / ton compared with the previous week. High count and high density yarn is also under the pressure of less orders and lower consumption. A factory in Jiangsu has delivered 35200 yuan / ton of JC80S tickets with a compact structure, which is 500 yuan / ton lower than the previous week. The market is extremely pessimistic, and the textile market is facing a new round of shuffling.

Other yarns. In April 6th, the 32S price of pure polyester yarn in Hebei and Shandong was reduced to around 10000-10200 yuan / ton, compared with 700 yuan / ton in the previous week, and the R30S price of cotton yarn ring spinning was 14000 yuan / ton.

Imported yarn. Affected by the epidemic, imports of yarn outer plate transactions less, the price decline. At present, the C32S price of the India yarn of port is RMB 19600 yuan / ton, and the price of RMB JC32S after knitting tax is 22000 yuan / ton.