According to the feedback of cotton yarn traders in Guangdong, Fujian, Jiangsu and Zhejiang, in recent days, the inquiry and delivery of bonded and custom cleared cotton yarn in the port have a slight and declining trend compared with that in the first and middle of October (the improvement of India Pakistan yarn sales is only a flash in the pan), except for the strong demand and order difference of C21, C32 knitted yarn and oe10s-oe16s yarn, Pakistan 8s-16s siro spinning order with tight demand and supply in the early stage has a more obvious cooling down. Obvious.
A middleman in Qingdao said that at present, the price of free trade, spot or future yarn in USD is relatively stable (CNF, FOB prices of Vietnam yarn, Central Asia yarn, Indonesia yarn, etc. fluctuate and increase with the rise of ice cotton futures); the price of RMB for yarn outside customs clearance is generally stable, but with the rebound of Zheng period and cotton futures (domestic cotton and cotton yarn spot are also rising), the space for traders to give preferential treatment and profit is from 100 -200 yuan / ton down to 50 yuan / ton or even no discount sales, and domestic yarn not only up and down the same direction, but also basically the same pace.
It is also understood that at present, 40s cotton yarn from India, Uzbekistan, Indonesia and other places of origin, as well as inquiry and delivery of cotton yarn by count, have slightly improved compared with September / October (including combed yarn of 32S or more), and traders and middlemen have adjusted their business direction to medium and high count yarn and blended yarn. The reasons for "curtain call" of OE yarn and low support ring spinning sales are as follows:
First, the domestic foreign trade, clothing and weaving enterprises "golden nine silver ten" order receiving situation was obviously weaker than expected, and still dominated by short orders, multiple varieties and low profits (or Christmas); second, the yarn factories in Southeast Asia and Central Asia mainly purchased low-quality, low-grade Brazilian cotton, Indian cotton, West Africa cotton and other cotton yarn of 21s and below, which could not meet the requirements of China's weaving factories and traders (ziluo. Third, the price difference between the inner and outer C32 and C21 count cotton yarn is narrowed to 200-300 yuan / ton, and the competitiveness of outer yarn is reduced; fourth, the expectation of RMB devaluation is strong. Some institutions, cloth factories and traders believe that with the interest rate cut by the Federal Reserve and the opening of the central bank's currency, the fluctuation of RMB exchange rate has been widened, and the risk of signing up to import futures yarn and cotton is relatively large.
