Gauze Encounters "Cold In Late Spring" Textile Enterprises Look Forward To A Turnaround
According to the feedback from some cotton textile enterprises in Jiangsu, Shandong and other places, the production and sales of high count combed and Combed Yarns of 50s and above have been relatively smooth since the middle of March, while the sales of ring spinning and rotor spinning yarn with 40s and below have slowed down significantly compared with January and February. The wait-and-see atmosphere of cloth factories, fabrics and clothing and other consumer terminals is relatively thick, and the phenomenon of accumulation of stocks is becoming more and more prominent, regardless of the textile markets or ports in coastal areas India, Pakistan, Vietnam yarn and other yarn prices are back, the confidence of the downstream industry chain has been shaken.
A medium-sized cotton mill in Zibo, Shandong Province, said that although the price of 40s and above general combed yarn and combed yarn was reduced by 1000-1200 yuan / ton compared with the late February, and that of 50s and above high count yarn was reduced by 1500 yuan / ton, but the weak trend of inquiry and purchase of cotton yarn with 40s and below could not be stopped. On the one hand, the light textile market traders in Guangdong, Jiangsu, Zhejiang, Shandong and other places not only greatly reduced the price, but also significantly increased the situation of "small quantity, multiple batches and high requirements"; on the other hand, with the high platform diving of zhengmian cf2105 contract, the spot price of cotton and cotton yarn fell continuously, and the contract execution of cloth factories and textile clothing enterprises with high price in January and February slowed down, and some customers even asked for it Delay in delivery, delivery on credit. The company said that before the middle of April, mainly to complete the early orders, in order to not reduce production, no layoffs, to protect employment, consider appropriately increasing a part of c26s-40s conventional combed yarn inventory, 60s and above high count yarn to take "take a single, stop without a single" measures to reduce the liquidity.
With zhengmian cf2105 contract returning 15000-15500 yuan / T consolidation, some cotton textile enterprises believe that the market of cotton yarn and grey cloth is not far from the bottom. At present, the "Yin drop" is mainly caused by the "overdraft" of price and confidence caused by the sharp rise and fall of cotton period in February and March, and the industrial chain needs time to repair.
Market participants believe that at present, there are still some beneficial factors. First, although the high-level meeting between China and the United States has been bickering and not giving in to each other, the press conference after the meeting stated that Sino US relations did not continue to deteriorate, and both sides were exploring the bottom line of each other; second, with the global introduction of new coronavirus vaccine and the continuous improvement of European and American epidemic situation, the economy, trade, transportation and other difficult recovery, textile and clothing consumption demand The "dark moment" has passed; the third is that the US Federal Reserve continues its ultra loose monetary policy to aggravate the global inflation pressure; the fourth is that the central bank's monetary policy is not turning, it is only tightening in stages, and there is a high probability of releasing liquidity from March to April.
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