Imported yarn quotations have risen, cloth factory procurement has not started

According to feedback from weaving mills and cotton yarn traders in Jiangsu, Zhejiang, Guangdong, Henan and other places, the combined rise of ICE and Zheng Cotton since early February, and the inflection point of the new crown epidemic in Europe and the United States have brought global trade, economy, communication, and consumption into a strong rebound channel. In recent days, the quotations of cotton yarn from India, Pakistan, Vietnam, Indonesia and other origins have all increased regardless of cargo, bonded or customs clearance. Among them, the increase of cotton yarn from India and Vietnam is higher than that of Pakistani cotton yarn.　　 Weaving factories in Foshan, Zhongshan and other places in Guangdong said that the resumption of production after the holiday this year will be 3-5 days earlier than in previous years. The surrounding denim, knitted fabric, and bedding manufacturers are mostly concentrated on the tenth day of the first lunar month. On the one hand, there are still a certain amount of regular orders that have not been completed or delivered before the Spring Festival. With the recent sharp increase in the quotations of raw materials such as cotton and cotton yarn, end customers hope that weaving factories and fabric factories will advance the delivery date; on the other hand, from the epidemic From the perspective of prevention and control, this year, all regions and production companies encourage employees to celebrate the New Year on the spot to reduce the risk of flow. Therefore, the rate of production personnel arrival and resumption of work is high. However, several textile and apparel companies reported that due to the low inventory of raw materials such as cotton yarn and grey cloth before the holiday, the quotations of bonded port + customs clearance cotton yarn and domestic yarn after the holiday have all increased significantly (some spinning mills have tentatively raised the cotton yarn by 500-1000 yuan/ton). The post-holiday gauze inquiry and effective purchase have not yet begun, and the short-term focus is on digesting raw material inventory. After the holiday, Zheng Mian, Zheng Sha and other 'weathervanes' guided the spot price to follow up. Not only did the domestic sales and foreign trade orders received from December/January have a significant decline in profit or even no profit or loss, but they were also cautious about receiving orders in the second and third quarters of 2021. , Worried about difficulties in production and compliance due to pressure from unfavorable factors such as the price fluctuations of cotton and polyester staple fiber and the acceleration of the appreciation of the renminbi. From the survey, weaving, clothing and other terminal enterprises are waiting to see the price increase of imported yarn. Inquiry and signing of cargo and bonded cotton yarn are still half-stale. The transaction of cotton yarn for customs clearance at ports has been slow to start, and some traders have raised the spot price of cotton yarn. The thunder is loud and the rain is smallA large trader in Shaoxing, Zhejiang believes that as the price difference between internal and external cotton yarns changes from 100-200 yuan/ton before the Spring Festival to “upside-down” 200-300 yuan/ton, the competitiveness of India, Pakistan, and Vietnam has increased. It is conducive to the 'destocking' of cotton yarn for port bonded and customs clearance. Article Keywords: 　Imported Yarn