Cotton yarn at the port is being destocked, and traders’ quotations are tentatively rising.

According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong, etc., with the implementation of 10 measures to optimize epidemic prevention and control, various re…

According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong, etc., with the implementation of 10 measures to optimize epidemic prevention and control, various regions have accelerated the loosening of restrictions. Enterprise transportation, receipt and delivery, order receiving and order arrangement, and shipping have gradually returned to normal. Weaving companies, clothing companies in coastal areas Factory operating rates continue to rise (since mid-December, the operating rates of fabric factories in Foshan, Zhongshan, Guangzhou and other places have returned to 30%-40%); in addition, some foreign buyers and brand clothing companies are worried that the Spring Festival holiday of Chinese companies will affect production and traffic. Short orders and small orders rebounded temporarily due to factors such as goods and spring order replenishment in 2023. Inquiries and transactions for outer yarn at the port were much more active than in October/November.

At present, in addition to the slightly better performance of imported OE8S-OE16S cotton yarn shipments, the transaction volume of imported C21-C32S medium and high-end ring spinning yarns from Jiangsu, Zhejiang and other places has also bottomed out, but 40S and above high-count carded yarns from India, Vietnam and other places have also bottomed out. / Combed yarn trading is still relatively light, traders and weaving mills have insufficient confidence in signing contracts for far-month shipments.

A textile import and export company in Hangzhou, Zhejiang said that in the past week or so, the progress of “destocking” cotton yarns in major ports in China has been significantly accelerated, especially open-end spinning and low-count ring spinning. Traders have seized on the Spring Festival. The previous wave was short-term positive, speeding up shipments and recovering funds. The company believes that the overall improvement in imported yarn transactions in recent days is not only related to the overall loosening of epidemic prevention and control and the replenishment of orders by foreign buyers, but also to the obvious bias in the cotton yarn stockings of traders and weaving mills in various light textile markets from September to November. The low price (some weaving companies have planned to take the “Spring Festival holiday” before the end of December) is related to the fact that the amount of foreign yarn arriving in Hong Kong in November may be less than 60,000 tons (speculative purchases have decreased). Therefore, it is judged that the market is not sustainable and it is recommended to trade Merchants should not hesitate to sell and significantly increase the quotation of cotton yarn to avoid missing out on shipment opportunities.

Judging from the survey, customs clearance of Indian open-end yarn and C32S and below ring spinning yarn have started a tentative increase mode this week, generally at 200-300 yuan/ton, but the quotation of 40S and above cotton yarn remains stable (including combed yarn ). Some traders dealing in Vietnamese cotton yarn, Pakistani cotton yarn and Uzbekistan cotton yarn are also more willing to follow up and raise their quotations. The “wind vane” effect of Zheng cotton and Zheng cotton yarn rising has appeared. Pakistan’s low-count siro spinning yarn performed poorly. Not only was shipments slow, but the quotations continued to oscillate and weaken, and the acceptance capabilities of middlemen, cloth mills and other terminals deviated.

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Author: clsrich