Futures Yarn Procurement Again "Downhill And Speed Down"

According to Guangdong, Jiangsu and Zhejiang, Shandong and other places of cotton yarn import enterprises, textile traders feedback, since the late April, domestic textile enterprises and intermediaries to buy "futures yarn", bonded yarn and customs clearance enthusiasm is still relatively low, port OE yarn, Pakistan 8S-16S siro spinning, more than 40S of India and Vietnam, Central Asia yarn shipment continued cold.

Guangdong, Zhejiang and other places of cotton yarn business said that over the past week Vietnam, Pakistan, Thailand, Indonesia and other places OE yarn "less than the city", buyers inquiry, goods and shipments are not active, traders to provide more substantial concessions to the real customers, individual sellers in order to rush to return the funds, through the dangerous period, let the profit space reach 150-200 yuan / ton. From the survey, some spinning and weaving enterprises in the coastal areas postponed the period of replenishment of cotton yarn to the May 1 holiday. Most of them were watching and watching more.

For the "futures yarn" of 6/7/8 month, weaving enterprises and traders signed more carefully and cautiously, and the inquiry and order were mainly based on trial. The time of purchase was postponed to the three quarter of 2020 or even the fourth quarter.

On the one hand, India, Pakistan and other Southeast Asian countries have changed from "assault warfare" to "long war". When it comes to "unlocking" measures such as sealing the country and sealing the city, it is difficult to estimate the uncertainty of the production, transportation and port delivery of the cotton mill. Weaving enterprises and traders in Guangdong, Zhejiang and other places with a high rate of resumption of production and reproduction said that although some cotton mills in Pakistan and India began to resume work recently, they also provided quotations and willingness to continue cooperation. However, the "black swan" did not fly away, and buyers had to look ahead and worry about their orders.

On the other hand, although Europe and the United States plan to release the water in May, but the recovery of economy, trade, transportation and retail business will take a long time. The export orders of Chinese textile and clothing are stable and rebound. Recently, a small number of small batch of foreign orders arrived in Jiangsu, Zhejiang and Shandong, and the orders for 2/3 months postponed were resumed. However, the pulling effect on the overall weak and sluggish textile market is not obvious, and it is difficult to form effective support for cotton and cotton yarn prices.

In addition, at present, the price of cotton yarn outside port customs clearance is higher than that of domestic yarn nearly 1000 yuan / ton (C32 and above high package bleached cotton yarn), the depreciation of RMB against the US dollar and the start of the domestic textile market and the resumption of "unsatisfactory" are also the important reasons for restricting the downstream weaving and importing enterprises not signing the contract to buy "futures yarn".