The Storage Volume Of Cotton Yarn Is Higher Than The Outlet Volume, And Traders Want To Withdraw.

According to feedback from Cotton Traders in Guangdong, Jiangsu, Zhejiang and other places, the price of bonded Pakistan siro spinning (8S-16S) has increased by 150-200 yuan / ton in recent days, and the inquiry and pick-up of the weaving factories and middlemen have declined. While the yarn delivery of JC21, JC32S India, Pakistan and Vietnam in the middle and March of the 20th century was significantly lower, some traders and importers turned to India, Indonesia to produce T/C 45S, T/R 40S and other high and middle count blended yarns.

Due to the high price of India's external offer and at least 45 days' advance orders, the C21 A (A+) and C32 A (A+) bleached yarn (upper jet and rapier loom) were also affected by the fluctuation of China's domestic yarn price, and the volume and price were weakened.

On the whole, the number of imported yarn arriving in port and entering the bonded warehouse in March was lower than that in 1 and February.

The trend of steady rising is obvious.

Some foreign and trading companies estimated that as of the end of March, China's Guangzhou, Ningbo, Qingdao, Shanghai, Zhangjiagang and other main ports were about 9.2-9.5 tons of external yarn, Vietnamese yarn, India yarn and Pakistan yarn were still in the top three, and since March 6th, the storage of cotton yarn has been higher than the outlet volume since the opening of the cotton reserve sale.

Some cotton traders said that the operation of imported cotton such as India and Pakistan was becoming more and more difficult. The predictable profit margins were constantly compressed and could be caught if they were careless. Therefore, the short-term purchase of futures yarn and spot yarn will be relatively low.

On the one hand, although India's new cotton market reached 4 million 369 thousand tons in March 23rd, accounting for 75% of the expected output, India's rupee continued to strengthen against the US dollar and the cotton farmers and ginning factories were doing a good job, resulting in a high cost and high export prices.

There is little room for consultation and concession with export enterprises.

Central Asian yarn (Uzbekistan, Azerbaijan, Turkmenistan, etc.), Indonesian yarn, FOB, CNF, CIF quotation echoed, the Chinese textile factories and traders' choice space expanded; on the other hand, in 2017, the sale of cotton reserves has been opened for a month, and most of the textile factories that participated in reserve cotton auction have used cotton reserves, and the cost of cotton yarn has generally decreased by 400-500 yuan / ton; in addition, the CF1705 contract has fallen to 14700-14900 yuan / ton recently, and the cost of the warehouse receipt is also reduced by 300-500 yuan / ton compared with the previous stage. Therefore, the profit margins and bargaining space of the domestic yarn are gradually widening, and the impact on imported import and Vietnamese yarn is relatively large (Indonesia's exports to China are mainly polyester cotton and polyester viscose blended yarn). Recently, with the ICE contract breaking down 77 cents and 75 cents, the US cotton, West African cotton, Australia cotton and Central Asian cotton have fallen considerably, Vietnamese yarn and Thai yarn.

Several textile enterprises in Shandong and Jiangsu reflect that in the year of 2011-2013, Xinjiang cotton had little problem of cotton blending as JC32, JC21 and high C32, and high C21S yarn. (spinning above 40S had strong requirements for strength, fiber length and horse value).

According to investigation, port C21 since late March

The phenomenon of low-priced goods is constantly emerging. The lowest paction price of 21B+ and 21S B yarn has dropped to below 21800 yuan / ton, mainly due to the pressure of a few traders. The increase in the price of cotton and cotton yarn in India in 4-6 months has been aggravated.

On April 6-7, the Qingdao port C21 A, C32 A, JC32 A (package bleach) India yarn quoted price was 22400-22600 yuan / ton, 24800-25000 yuan / ton, 26800-27100 yuan / ton respectively, although it generally dropped 200 yuan / ton compared with mid March, but it was still significantly larger than domestic C21 and C32 yarn 1200-1500 yuan / ton, while the spot price quotation of the same number of Indonesian knitting yarn was only 21400-21500 yuan / ton, 23000-23500 yuan / ton, much lower than India yarn.

Some operators said that with the competitiveness of domestic cotton yarn, Vietnam and Indonesia and other cotton yarns continued to be strong (mainly cotton, West African cotton and India cotton), EMOT SM 1-5/32 and S-6 1-5/32 prices had risen to 4-5 cents / pound, and India and Pakistan cotton mills futures yarn was constantly expanding or even chopping. Therefore, it is the best policy to seize the bag for safety.

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