Imported cotton yarn has a clear bottoming out

According to the feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong, Qingdao and other places, since mid-May, domestic and foreign inquiries, inspections, and transactions of imported cotton yarn have bottomed out. Among them, OE yarn from Vietnam, C21-C32S high-quality package bleaching The demand for cotton yarn and Pakistan’s 8S-16S Siro spinning and C32 medium and high-grade cotton yarns is relatively active. The entire imported yarn market is showing signs of 'recovering mountains and rivers, and the willows are shining'. Some weaving, clothing companies and foreign trade companies in coastal areas with a relatively high rate of resumption of work and production The attention to port inventory yarn (bonded + non-bonded) and shipping schedule yarn continued to increase compared with March/April. An import company in Ningbo said that due to the impact of the new crown epidemic, Pakistan’s domestic cotton yarn production, transportation and port operations were basically in a state of suspension in March and April. Therefore, it is not uncommon for buyers and sellers to negotiate to terminate contracts or even unilaterally breach contracts; 　　Pakistani cotton, spinning mills, and weaving companies have pressed the 'restart button' one after another; in addition, the export quotations of Pakistani cotton yarn have fallen sharply in the past two months, so Chinese buyers have more operations to 'break contracts and then sign contracts'.　　 A Pakistani spinning mill with 20,000 to 30,000 spindles reported that due to the slow resumption of production and sluggish demand in domestic weaving and apparel companies, spinning mills have taken exports to China, Bangladesh and other Southeast Asian countries as a breakthrough point. The price and quality competition is very fierce. According to the survey, the main reasons for the rebound in domestic and foreign trade of cotton yarn in Vietnam and Pakistan are as follows: 　　 First, as Japan, South Korea, and Europe have successively launched economic, trade, retail, and transportation, export orders for some textiles, clothing, etc. Shan arrived; coupled with the re-execution of the contract that was suspended in the previous period, cotton yarn consumption has shown a rebound; 　　 The second is the Indian Ministry of the Interior issued guidelines, clarifying that the national blockade will be extended for another two weeks from May 18 to May 31 (March 25) The implementation of 'closure of the country') has led to the long-distance of production, transportation, and export of Indian yarn mills, and the focus of Chinese buyers' purchases has shifted to Vietnam and Pakistan; 　　The third is that the domestic consumption that was suppressed from February to April is fully controlled with the domestic new crown epidemic. Victory and sustained release. Some downstream companies have reported that the progress of order recovery in the domestic market in autumn and winter is faster than expected, and orders in the spring of 2021 have begun to make patterns and samples, and orders are on the way. Article Keywords: 　Imported Cotton Yarn