According to feedback from some cotton textile companies in Henan, Shandong and other places, since July, the supply of domestic American cotton yarn, Brazilian cotton yarn, and Indian cotton yarn has shown a gradual upward trend. Some cotton spinning mills have launched “spinning to order” services, adjusting according to the requirements of purchasers. The proportion of cotton yarn raw materials such as American cotton and Brazilian cotton can meet the traceability order requirements (complete cotton procurement procedures are provided), and the spinning cost can also be reduced to a suitable range.
Judging from the survey, the quotations of domestic American cotton yarn and Brazilian cotton yarn are much higher than those of domestic Indian cotton yarn and Xinjiang cotton yarn. Therefore, only high value-added export traceability orders to Europe and the United States will use 100% American cotton or 100% Brazilian cotton yarn. However, Cotton from each origin is proportioned to cotton spinning, which is the main body of market orders (unless there is a clear agreement on American cotton or Brazilian cotton in the contract).
It is understood that the recent order situation of weaving enterprises in coastal areas such as Guangdong, Jiangsu and Zhejiang has rebounded compared with May and June (knitted products have performed relatively well). Some buyers from the United States, the European Union, Japan and South Korea and other countries have rebounded in ordering inquiries, but almost All need to be traceable (foreign trade companies and processing companies are required to provide certification materials for “non-Xinjiang cotton”). Since cotton textile and apparel companies in Bangladesh, Vietnam, Indonesia and other countries exporting to the United States are also required to be cautious about purchasing raw materials from the Xinjiang region and provide “non-Xinjiang cotton” certificates, my country’s exports of cotton yarn, gray cloth, fabrics, etc. to some countries in Southeast Asia are also subject to restrictions. greater impact.
Some foreign trade companies said that the number of orders for Christmas and Easter in the United States, the European Union and other countries in 2022 is currently low, and domestic demand orders are also insufficient. They still need to wait patiently for signals of stabilization and rebound of consumer terminal orders.
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