Multiple positive stimulus and strong atmosphere for imported yarn to rise

Recently, the price of imported yarn has risen under the multiple positive stimulus at the international and domestic levels. Feedback from some major port traders in China: Recently, yarn quotations in Vietnam, India, Pakistan and Central Asia have risen, which has driven up the prices of bonded and customs clearance yarns at ports. On January 6th, a trader in Qingdao, Shandong introduced that recently Pakistan and Vietnam open-end spinning and conventional carded yarns C20S and C32S had relatively active transactions, and the high-packed bleached yarns of C16S and C21S even showed tight supply. At present, the price of Vietnamese yarn OE21S in Qingdao Port and Ningbo Port is around RMB 14,800-15,100/ton, and the price of Carded C32S RMB is around RMB 20,200-20,500/ton. The price center of gravity has risen by more than RMB 200/ton compared with the previous week. As of the 7th, the price of C21S jet-bleachable renminbi in Vietnam was 19,600-19,700 yuan/ton, an increase of around 200 yuan/ton from the previous week, and the renminbi price of India’s JC21S combed knitting dyed yarn was 21,400 yuan/ton, an increase of about 300 yuan from the previous week. Yuan / ton. According to analysis, the recent market benefits have been superimposed, and the rise of imported yarns has been supported by strong support: “First, the trend of international cotton is relatively optimistic. Data shows that from December 27 to January 2, 2019, the average spot price of standard cotton in the seven domestic markets of the United States was 64.74 cents/lb, an increase of 2.28 cents/lb from the previous week. According to a survey by the American 'Cotton Farmer MagazineThe industry said that low cotton prices are the biggest factor affecting the US cotton area in 2020. To stabilize the US cotton area, cotton prices must rise.　　 Second, domestic cotton yarns rose sharply years ago. Since late December 2019, cotton yarns have risen sharply in most areas of China. The price of carded and combed yarns of 40S and above in large factories increased by 500 yuan/ton, and the quotations of low-distribution and low count yarns of small factories also increased by 300-500 yuan/ton. The sharp price increase of domestically produced yarn has caught the appetite of traders, and prices have followed suit. In addition, the quotations of FOB, CIF, and CNF imported yarns by international cotton merchants have also continued to increase, and the profits of traders holding spot or contracting 'future yarns' have increased significantly, and confidence in prices has been bursting.　　 Third, foreign spinning mills have started to increase prices. Affected by rising costs, the recent yarn quotations of Pakistan, Vietnam and other yarn factories for spot and March/April shipments have started to increase. For example, last week, the export quotations of carded yarn of C20S and C32S of basil increased by 0.06-0.07 USD/kg. Driven by the psychology of buying up and not buying down, since mid-to-late December 2019, inquiries and transactions for yarn from India, Pakistan, Vietnam, and Pakistan have been heating up, and cotton yarn has formed a trend of rising internal and external linkages and competing for supply.　　 Under the good situation, there are two completely different views in the market: First, the market enjoys rising. Some traders and middlemen believe that imported yarns will only increase slightly before the Spring Festival, and the big increase will be after the Spring Festival. At that time, the market will start the era of 'supply is king'. Therefore, individual companies have begun to 'stock yarn.' Secondly, look down on pessimism. Part of the industry said that the recent surge in foreign yarns was due to the speculation of some traders before destocking and getting out of stock, and you must not blind your eyes to the fog in front of you. The prospects for Sino-US trade are unclear and there are too many uncertainties. In particular, the escalation of the conflict between the United States and Iran has heated up, and the future of the world is uncertain. As a mature company in this situation, when you see more and do less, cash is king. (The contribution of the informant is for reference only) Key words of the article: 　imported yarn