Outer yarn: open-end spinning inventory continues to grow, traders have no improvement in shipments

According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong and other places, after mid-November, the inquiries and shipments of low count yarns such as OE8S-16S and Pakistan 8S-16S Siro spinning have become more and more obvious; denim factories, towels The demand for yarn counts of C21S and below continues to decrease; some traders have started to reduce and postpone open-end spinning since September, and purchase cotton yarns from India, Pakistan, and Vietnam below 16S. At present, they are stepping up efforts to clean up low-count yarns. Inventory; on the other hand, expand the contracted C21S-40S mid-to-high package bleached cotton yarn with 12/1/2 month shipping schedule. Intermediaries in Qingdao, Shanghai and other places said that in the past two months, port bonded and customs clearance air-jet spinning stocks have continued to increase slightly. Except for the poor sales of C32S and 40S package bleached yarns, the overall trading of imported yarns is not active. India, Vietnam and other cotton yarns U.S. dollar and renminbi quotations are relatively weak. From the survey, although the ex-factory price of domestically produced yarn has generally increased by 300-500 yuan/ton (the higher the count, the greater the room for increase), and the trend of RMB exchange rate upgrading is obvious, but from the statistics of traders and middlemen, imported yarn There is little hope of 'snipe and clam fighting, fishermen benefiting'. First, the situation of downstream weaving, clothing, and foreign trade orders will not improve in October/November. With the off-season of domestic sales, the terminal will have low-count, medium- and low-quality cotton yarns. Consumer demand has fallen; second, Sino-US trade negotiations have once again become deadlocked. The downward trend of China's textile and apparel exports to Europe and the United States is becoming more and more obvious, and the impact on enterprises is getting greater and greater. Winter is coming. According to customs statistics, in October 2019, my country’s textile and apparel exports amounted to 22.868 billion U.S. dollars, down 6.74% month-on-month and 1.67% year-on-year; the decline in exports of textiles and apparel to the United States was particularly prominent; Purchasing 2019/20 new cotton, imported cotton, cotton yarn and cotton, quality and stability have been improved, and the competitiveness of imported Indian and Pakistani yarn has declined. Article keywords: 　Outer yarn air spinning