According to feedback from cotton yarn trading companies in Zhejiang, Guangdong and other places, although downstream weaving factories have slowed down orders for 21S and 40S and above carded yarn and combed yarn in recent days, polyester staple fiber, viscose staple fiber, etc. Cotton spinning raw materials continue to rise, and cotton yarn quotations from India, Pakistan, Vietnam and other producing countries have recently increased in turn. Therefore, traders and yarn mills in the light textile market are very willing to wait and see and raise prices.
A textile company in Xuzhou, Jiangsu Province said that it has no plans to cut prices or withdraw cash before the Spring Festival. The current price of C32 high-end package bleached yarn is 24,300-24,500 yuan/ton (including tickets), and the price of C40S high-end yarn has risen to 25,500-25,800 yuan. / ton (including tickets), and OE8S-OE16S yarn not only has tepid inquiries and shipments, but also has low profits. Therefore, the factory has significantly reduced OES, C16S and below count ring spinning since mid-December. yarn production, and instead expand the production of C40S and JC40S conventional yarns.
On the whole, most of the domestic large and medium-sized textile companies currently arrange orders normally before the Spring Festival. However, considering that the light textile market in coastal areas is “closing” before mid-February and downstream fabric factories are cautious about accepting medium- and long-term orders or large orders, the cotton yarn market In February and March, there may be a short adjustment period (which is usually the off-season for domestic sales and foreign trade markets). During this period, textile companies can accumulate inventory appropriately to prepare for the peak season in the second and third quarters of 2021. Judging from the survey, the recent sporadic spread of the new crown epidemic in some parts of the country has heightened market concerns (which may have an impact on the resumption of work and production of textile companies after the Spring Festival). With the continued loose monetary policy, the cotton market has a strong bullish atmosphere. Traders, textile companies Enthusiasm for hoarding gauze has picked up. </p
