High-count yarn production and sales are booming, and the price difference between internal and external yarns is widening

According to the feedback from cotton textile enterprises in Shandong, Jiangsu, Henan and other places, in addition to OE yarn, C16S and below count cotton yarn inquiries and shipments are still somewhat light, 32S and above count cotton yarns sell well, especially 50S, 60S and JC60S The sales of the above combed yarns are better, and cotton spinning enterprises are optimistic and cautious about the market conditions in the first half of 2021. Although Zheng Cotton’s main contract has fallen from 15,100 yuan/ton to 14,600 yuan/ton recently, and the new crown epidemic in Europe and the United States has been out of control, the spot quotations of domestic cotton yarn and grey cloth have not been adjusted down with the decline of Zheng cotton and Zheng yarn. The price atmosphere is relatively strong. It is worth noting that the current orders of some spinning companies producing high count carded and combed yarns are mostly scheduled to around the end of January, but the enthusiasm for medium and long-term large orders for more than one and a half months is not high, and the phenomenon of abandonment and rejection of orders is not high. Not uncommon. Industry analysis: On the one hand, as the new crown epidemic in the United States continues to get out of control, the mutated new crown virus has appeared in the United Kingdom and South Africa, and the epidemics in China, Japan, South Korea and other countries have counterattacked. Textile and clothing companies and foreign trade companies are more worried about foreign trade orders in the first half of 2021; On the one hand, in 2021, the Federal Reserve and the US government will continue to adopt 'unlimited' fiscal stimulus policies. Central banks in Europe and other countries have adopted quantitative easing. There are still expectations of a substantial appreciation of the renminbi. Textile and clothing companies are worried that profits will be swallowed up by the exchange rate or even lose money. According to customs statistics, my country’s cotton yarn imports in November were about 170,000 tons, which was basically the same as last month. However, the supply of high-quality C32S and C26S bleached yarns at ports was still tight. Vietnam, Pakistan and other countries' yarn mills snapped up the spot and rushed to ship the situation. On the whole, the current price gap between domestic and foreign cotton yarns is significantly widening (from 300-500 yuan/ton to 800-1200 yuan/ton), which is conducive to foreign yarns entering the Chinese market, especially the impact of C21S and below cotton yarns on domestic small and medium-sized yarn mills getting bigger. In addition, some textile companies in Zhejiang, Hunan, Jiangxi and other places reported that due to the 'cutting power cutsArticle keywords: 　Cotton spinning Zheng cotton outer yarn spinning