In the past week or so, inquiries and shipments of OE21S and C21-C32 medium and high-bale bleached cotton yarns from Vietnam, India, Pakistan, Uzbekistan and other producing areas have rebounded significantly compared with the same period in May/June. Port bonded and customs clearance cotton yarns The inventory pressure fluctuates and falls; while the transaction volume of 50S and above carded/combed yarns produced in India and Vietnam is still relatively deserted; the trading atmosphere of Pakistan’s 8S-16S siro spinning and imported low-count OE yarns is still not high, traders’ quotations, The focus of shipments is high-count air-end spinning and medium-count C20S-C40S.
A cotton yarn importing company in Ningbo stated that due to the rapid spread of the “Delta” strain in June/July, countries such as Vietnam, Indonesia, India, and Pakistan have increased epidemic prevention and control efforts and Affected by many factors such as the continued rise in sea freight prices, shortage of containers and the “various” fees imposed by some shipping companies (such as surcharges, peak season surcharges, value-added fees, port congestion fees, port congestion fees, etc.), recent arrivals and The quantity of imported cotton yarn in the warehouse has declined, and the decrease in OE yarn has been relatively obvious.
Weaving companies and middlemen in Shandong, Zhejiang and other places said that the factors causing the rebound in inquiries/transactions of bonded and customs-cleared cotton yarn at ports mainly include the following three points: First, affected by 7 Driven by the sharp rise in domestic cotton and cotton yarn futures since late March, the quotations of domestic and foreign cotton yarns have ranged from 300-400 yuan/ton upside down to about 500 yuan/ton, and the competitiveness of Vietnam, India and Pakistan yarns has been significantly enhanced. For example, in the light textile markets of Guangdong, Jiangsu and Zhejiang, the quotation of domestic mid-range C32S cotton yarn is currently 27,200-27,500 yuan/ton, and the net weight quotation of C32 bleached Indian/Vietnamese yarn is 26,800-27,200 yuan/ton. Taking into account the conversion of gross weight and net weight, the difference between the two The price difference is nearly 500 yuan/ton; secondly, Henan and some surrounding provinces have suffered from heavy rainfall recently, which has greatly affected some cotton textile mills’ order acceptance/arrangement, production, sales, and transportation, causing some weaving companies and light textile markets in coastal areas to The supply of domestically produced medium and high-count cotton yarn is tight, and it is not uncommon to transition to purchasing imported yarn; third, some weavers and traders are increasingly worried about the loss of control of Southeast Asia and the global epidemic in the second half of 2021, and are worried about the production of cotton yarn in India, Pakistan, Vietnam and other producing areas , export capacity has declined sharply, thus restricting the fulfillment and delivery of textile and apparel orders in Europe and the United States (some export-oriented companies purchase imported cotton yarn to circumvent the U.S. government’s ban on Xinjiang cotton products), so LC is used to lock in the supply of cotton yarn 90 days in advance. </p
