Imported Yarn Market: Siro Spinning's Volume and Price Both Fall, India's Yarn Accumulates to Rebound

According to the surveys in Shandong, Jiangsu, Zhejiang, Henan and other markets, although the views and claims that orders rebounded in August/September/October and demand bottomed out, the operating rate of some large and medium-sized cotton textile mills, weaving enterprises, and printing and dyeing factories It has gradually recovered to a normal level, but the improvement in the signing and delivery of ports, bonded warehouses and 'future yarns' is not very obvious. Traders are still facing a series of 'declining prices, delayed shipments, and difficulty in collecting payments'. pressure. From the perspective of the imported yarn market, first, the trading of 8S-16S Siro spinning in Guangdong, Jiangsu and Zhejiang markets continues to be weak (the main producing areas are Pakistan, India, etc.); the second is that the C21-C32 mid-match imported knitting yarn has a relatively high sales volume. June/July became warmer (buyers generally require bleaching and dyeing), and the market sentiment is not satisfactory; thirdly, the sales of combed yarns with counts of 32 and above in India, Vietnam, Indonesia and other origins continue to be sluggish, and most of the fabric factories and middlemen purchase orders according to orders , According to the prescription, reduce or even not keep the raw material inventory; fourth, the internal and external transactions of compact spinning are sluggish, and some traders negotiate with the spinning mills to postpone delivery, spinning mills to buy back and other methods to slow down the pressure on sales and capital flow. Regarding the continuous decline in the volume and price of Siro spinning in India and Pakistan, the industry generally believes that it is expected: on the one hand, downstream terminal enterprises have mainly received domestic orders since August, and the requirements for yarn quality and stability have declined. Most of the weaving companies purchase medium and high-quality OE8S-OE21S yarns to replace Siro spinning with the same count. The price difference between the two is about 1,000 yuan/ton, which is very attractive to manufacturers; on the other hand, the quality of India-Pakistan Siro spinning has recently declined. Obviously, the degree of matching with the needs of enterprises has declined. First, the quality indicators of cotton from India and Pakistan in 2018/19 were not ideal; second, after April, the cotton distribution of the yarn mills was mainly mid-to-late flowers, which led to the decline in cotton yarn strength, CV value, neps, hairiness, and stability. The phenomenon of cloth mills and traders in breach of contract, breach of contract, and compensation has increased compared with the same few months.　　 Cotton yarn trading companies in Qingdao, Zhangjiagang and other places said that recently, the export competitiveness of Indian yarn has become stronger compared with Vietnamese yarn, Pakistani yarn and Indonesian yarn. First, India’s domestic cotton prices continue to fall, and the profits of yarn mills continue to recover; Second, the Indian rupee turns from strong to weaker against the US dollar, which is conducive to the export of cotton and cotton yarn; Third, some large Indian factories are in short supply due to the tight supply of high-quality cotton. While reducing the cotton mix and yarn count, the output of 40S and below cotton yarns will increase (including OE yarns), and the strong supply capacity, quality assurance, and multi-method settlement are the advantages of Indian yarn mills. Article Keywords: 　Imported Yarn Siro Spinning Indian Yarn