Orders dropped to freezing point, yarn market continued to fall

Last week (March 30-April 6), the global epidemic spread further, and market panic increased. Cotton prices oscillated at a low level, and yarn orders continued to drop to a freezing point. Companies are already under pressure and have successively lowered their yarn quotations.　　 Cotton raw material. Zheng Cotton's low range oscillated, and domestic cotton planting work began one after another. Boosted by the target price of 18,600 yuan/ton in 2020, market confidence has greatly increased. It is expected that the cotton sown area in Xinjiang may remain stable this year, while the inland area is expected to continue to decrease due to factors such as industrial adjustments and income. As of April 6, 2019/20 Beijiang local machine-picked cotton 'Double 28' (with miscellaneous within 2.5%) mainstream quotation basis is in CF2005+ (400-600) Xinjiang library, and there are fewer resources with a lower basis of the same quality; The quotation of long-staple cotton dropped sharply. The 137-grade mainstream quotation was around 20,700 yuan/ton, down by more than 500 yuan/ton compared to the previous week.　　Other raw materials. As of April 6, the mainstream price of 1.4D*38mm direct-spun polyester staple fiber in Jiangsu and Zhejiang was 5200-5300 yuan/ton, down 400-500 yuan/ton from the previous week. Since March, the quotations of polyester staple fiber have fallen by nearly 2,000 yuan/ton, and sales have fallen sharply. The price of 1.5D*38mm viscose staple fiber in Jilu area is 9,000-9200 yuan/ton, down 300 yuan/ton from the previous week, and sales are average.　　 pure cotton yarn. The global epidemic is spreading rapidly, and more and more countries have begun to 'close their doors' to fight the epidemic, and the number of yarn orders has dropped to a freezing point. In the domestic market, buying and selling were deserted, and companies cut prices to remove inventories. It is understood that the downstream orders in Guangdong, Fujian, Jiangsu and Zhejiang are often broken, and enterprises have suffered huge losses. At present, market transactions are mostly based on rigid demand, and some companies have reduced their production capacity and even reduced their production during holidays. On April 6, the quotations of 21S and 32S for carded (rapier) 21S and 32S of a factory in Binzhou, Shandong were respectively 18,200 yuan/ton and 19,000 yuan/ton, down 400-500 yuan/ton compared to the previous week. The air-jet spinning market generally fell. The price of OEC12S in a Henan factory was around 15,000 yuan/ton, down 300 yuan/ton from the previous week. High-count and high-density yarns are also under the pressure of fewer orders and sluggish consumption. A factory in Jiangsu compact spinning JC80S arrived at 35,200 yuan/ton with tickets, down 500 yuan/ton from the previous week. The market is extremely pessimistic, and the textile market may face a new round of reshuffle.　　 other yarns. On April 6, the price of pure polyester yarn 32S in Hebei and Shandong dropped to around 10,000-10,200 yuan/ton, down by about 700 yuan/ton compared to the previous week; the price of rayon yarn ring spinning R30S was 14,000 yuan/ton.　　Imported yarn. Affected by the epidemic, there are fewer transactions and lower prices of imported yarns. At present, the after-tax price of C32S in port Indian yarn is 19,600 yuan/ton, and the after-tax renminbi price of JC32S knitting is around 22,000 yuan/ton. Article Keywords: 　 Yarn Quotes