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China to India and Pakistan and other countries import yarn order - carefully Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-06-17
It is understood that arrived in our country since the middle of February delivery, the number of imported yarn into the bonded library continues to decline, bonded port and customs clearance of imported yarn inventory. Several Indian mills and large domestic cotton enterprises, said in late December and January showed a trend of decline in Chinese exports to India cotton yarn contract, especially JC20S - 32 s, OE yarn orders fell, C20S - 40 s Bai Piao yarn with high demand. Recently some port cotton middlemen to suspend 'futures' yarn order to India and Pakistan, made an inquiry about Vietnam, uzbekistan yarn increased, but the actual order is very cautious. Yarn weaving enterprises and traders in China 'futures' purchase enthusiasm to drop the main reason is that, by this year India's total cotton output cut, India's domestic demand for high quality cotton, the rapid growth of Indian yarn cost, the cotton price have increased. At the same time India mills for cotton prices rose sharply lower profits or even losses, 1, 2 months by reducing capacity, yarn count to survive, to export orders and requirements of futures yarn is more and more strict, not only sign up to more than one month in advance and require purchaser to pay a deposit of 20% or higher. At the same time, considering the new round of the China national cotton reserves has started, high quality and low price of national cotton reserves to meet product is equal to the india-pakistan yarn quality of raw materials demand, FangQi production costs have fallen sharply, domestic yarn competitiveness increases. Plus a wide fluctuations of RMB exchange rate, for textile, clothing, foreign trade companies, due to the pricing, fixed exchange rate would be difficult to implement in the contract, so the exchange rate fluctuations will inevitably impact on enterprise order, and reduce the India, Pakistan, Vietnam, Indonesia and other yarn 'futures' procurement is a wise choice.
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