According to feedback from the cotton yarn trade in Jiangsu, Zhejiang, Guangdong and other places, since late October, the quotations for cargo and bonded cotton yarn from India/Vietnam/Pakistan and other origins have continued to fluctuate downwards. In particular, the adjustment of Siro spinning in Pakistan and Vietnam has been slightly larger; while India, Vietnam High-count combed yarns of 40S and above produced in , Indonesia and other places are relatively resistant to falling prices, and spinners and traders are relatively strong in price support. Although the quotation focus for coarse-count yarns that were “unsatisfactory” for inquiries and shipments in August/September has not shifted much, due to the continuous decline in the operation rate in coastal areas such as Guangdong and Zhejiang (the operation rate of denim factories in Foshan and Zhongshan has dropped to 30%), the transaction volume of both OE8S-OE16S yarn and 10S-16S ring spinning yarn tends to be flat.
A textile import and export company in Hangzhou said that the total amount of foreign yarn arriving in Hong Kong in September 2022 is expected to be close to 90,000 tons, among which Indian cotton yarn, Vietnamese cotton yarn, and Central Asian cotton yarn (Uzbekistan yarn accounts for the majority) are at the forefront, while Pakistan Cotton yarn shipments declined significantly due to a high proportion of textile companies reducing production and suspension in August/September (suspension of quotations and supplies to Chinese buyers), poor yarn quality stability due to cotton shortage, and lack of sufficient competitiveness in quotations.
Judging from the survey, due to the “continuous fall” of cotton yarn quotations and the relatively slow correction of domestic cotton yarn quotations, the inversion range of domestic and foreign yarn prices has narrowed rapidly in the past half month; coupled with the “Golden Nine and Silver Ten” foreign trade enterprises, clothing The traceability orders received by and weaving factories are still mainly bulk orders, small orders, and urgent orders. Medium and long-term orders and large orders are relatively lacking. From the perspective of time and cost, the order-receiving companies purchase foreign cotton spinning and weaving. The possibility of delivery of cloth and ready-made garments is unlikely. Therefore, most cotton yarn traders are currently not very enthusiastic about taking the initiative to sell goods and clear their warehouses, and the wait-and-see atmosphere is strong.
</p
