After the Spring Festival, driven by the overall surge in crude oil, non-ferrous metals, chemicals and other commodity futures in the external market, Zheng Mian started a strong round of supplementary increases. The CF2105 contract exceeded 16,500 yuan/ton, pointing to the third target of 17,000 yuan. /Ton. “The spring breeze brings joy to horseshoes, and you can see all the Chang’an flowers in one night.” Domestic spot prices of cotton, cotton yarn, etc. have been rising all the way, and the previous downturn has been wiped out.
Complementing the surge in cotton futures, the other two major cotton spinning raw materials, 1.4D polyester staple fiber and 1.5D viscose staple fiber, also surged. From February 20th to 21st, the ex-factory price of polyester staple fiber in Jiangsu, Zhejiang, Fujian, Shandong and other places was generally raised to 7300-7400 yuan/ton, and the quotation of viscose staple fiber exceeded 15100 yuan/ton, driven by the sharp rise in crude oil/PTA and other crude oils. Next, cotton alternative raw materials polyester staple fiber and viscose staple fiber are also gaining momentum.
According to the survey, since mid-February, the price increase of cotton yarn in Jiangsu, Henan, Shandong and other places has been concentrated at 500-1,000 yuan/ton, and the price increase of 50S and above high-count carded and combed cotton yarn has generally reached 1,000-1,300 yuan/ton. Yuan/ton, but pure polyester yarn only rose by 200-300 yuan/ton. A textile company in Xuzhou, Jiangsu said that there are three main reasons why spinners dare to follow Zheng Mian in raising yarn prices: First, the inventory of cotton yarn is relatively low before the Spring Festival (especially the inventory of high-count yarns of 60S and above in some large and medium-sized spinners is even lower) , the yarn price adjusts quickly with the fluctuation of raw materials such as cotton and polyester staple fiber, minimizing the risk; secondly, the number of uncompleted and undelivered orders before the Spring Festival is not large, and the impact of yarn price adjustment on medium and long-term orders Relatively limited; thirdly, the capital flow of yarn mills is relatively abundant, and the operating pressure is not outstanding from March to April, leaving enough time for downstream weaving enterprises, garment factories and terminals to accept and digest orders, paving the way for the smooth rise of yarn prices. the way.
At present, the resumption rate of domestic cotton textile mills, fabrics, and clothing enterprises has returned to 80-90%, and a few spinning mills have begun to inquire and purchase raw materials such as cotton, polyester staple fiber, etc. At present, domestic sales and foreign trade orders are arriving one after another from March to April, and there are still some contracts that need to be fulfilled before the holiday. With the support of the external market and fundamentals, ICE and Zheng Cotton have formed a resonance, while downstream weaving, fabric companies and garment factories are expected to purchase from the end of February to early March. Quotations for cotton yarn, polyester-cotton yarn have risen sharply, and textile and apparel companies have It is necessary to accelerate the transmission of cost growth pressure to downstream terminals, and negotiation, stalemate, and acceptance will take time. An import and export company in Zhejiang believes that the pressure of rising prices for cotton, cotton yarn, polyester-cotton yarn, etc. will eventually be shared by cloth factories, clothing companies (or foreign trade companies), purchasers (including foreign brand companies, retailers), etc. A significant price increase in one link alone cannot solve the problem. All parties at the end end need to make concessions. </p
