Recovery Of Import Yarn Order Is Expected To Rebound Next Month.

At the end of last year, due to the phased improvement in the Sino US trade war, we generally preferred the "gold three silver four" market after the year. So did imported yarn traders. Some traders took heavy positions. As a result, the black swans encountered a "new crown epidemic", and the prices of both internal and external yarn dropped sharply. Traders also suffered blood loss, with an average loss of 2500 yuan per ton of yarn, while some traders broke the contract. The situation arises. For imported cotton yarn, traders tried hard to sell them in 2, 3 and April. By the end of April, the imported high priced cotton yarn inventory had basically been digested.

At present, the country's port cotton yarn inventory will not exceed 150 thousand tons, at a medium below level. Inventory is mainly concentrated in southern China, Guangdong has a larger volume. Judging from the varieties, 21 and below low count yarn, including air spinning and siro spinning, account for 60% of the imports, 32 of which account for more than 20%, and the rest are other varieties. At present, spot shipment is not ideal. Relatively speaking, it is now knitting 32 and 21 shipments.

During this period, the price of the outer yarn has been dropping, and the price has dropped a lot. The price of some 21 kinds of India yarn can reach US $1.85 / kg, equivalent to 16500 yuan / ton, 500-1000 yuan / ton less than the spot price, so the purchase of some traders has been restarted, and it is expected to arrive in Hong Kong in the middle of June with a quantity of about 100 thousand tons.

On the whole, traders lost a lot earlier. Although they were still not too optimistic about the market outlook, they had basically adjusted their mindset. Most of the importing yarn merchants were thinking about where to climb up, so they continued to order when the time was right. They felt that although the market would have ups and downs, but in the long run, they could get the average industry profits in the long run. Moisten. Some traders have bought homemade yarns, and the prices of domestic yarns are low at the moment. But because they do not have the financing function of imported yarn, most traders only regard them as supplementary configurations.