Outer yarn: 'Red envelope' market can be expected

In the past two months, both domestically produced cotton yarn and imported cotton yarn (inner and outer) have risen sharply. Pakistan yarn, Vietnamese yarn, Indian yarn, Indonesian yarn, and Central Asian yarn have all gone up. Guangdong, Jiangsu, Zhejiang, Qingdao, etc. Port-bonded and customs-cleared cotton yarns have risen significantly, and traders are reluctant to sell and sell high. According to analysis by industry insiders, on the one hand, domestic carded yarn mills of 40S and below have generally increased their quotations by 300-500 yuan/ton, and the quotations of high-count carded and combed yarns have risen by 500-1000 yuan/ton. Traders are 'appetite' The quotation is uplifted, and the price increase closely follows that of domestic yarn; on the other hand, the quotations of imported cotton yarn FOB, CIF, CNF continue to increase, and the profits of traders holding spot or contracting 'future yarns' have increased significantly, and confidence in the price is bursting. Affected by rising spinning costs, rising production costs and the imminent signing of the first phase of the Sino-US trade agreement due to rising ICE futures, cotton yarn quotations for spot and March/April shipments in countries such as Pakistan, India and Vietnam have started to rebound rapidly. Rhythm (According to statistics, the export quotations of Pakistan's 20S and 30S carded yarns increased by 0.07 USD/kg and 0.10 USD/kg within a week). Some cotton yarn traders report that although many weaving factories, garment factories, and foreign trade companies in coastal areas have gradually entered a holiday and rest state, the rise in cotton, cotton yarn and grey cloth prices before the holiday is somewhat unexpected; plus China and Pakistan in the next few weeks The official implementation of the second phase of the free trade agreement, buyers are 'buy the rise without buying the fall' and the recent strong rebound of offshore renminbi, 2020 may be another wave of appreciation in the market, etc., since the first half of December, India, Pakistan, Vietnam yarn , Inquiries and transactions of Zhongya Yarn continued to pick up, starting a round of 'Gifts for the Spring Festival' market, downstream enterprises and intermediaries were enthusiastic about replenishing production or stocking up for February and March. According to feedback from intermediaries in Zibo, Weifang, Jiangsu, Nantong, Changzhou, and other places, the bonded and customs clearance inventory of cotton yarn has continued to decline in the past two months (especially Pakistan's OE yarn and C20S-C32S yarn are actively traded), and C16S and C21S high-quality packaged yarns have even The supply is tight in phases. The first is that traders are not prepared for the 'red envelope' market for this round of cotton yarn before the holiday; the second is that companies hoarding goods are holding up and selling before the holiday is not enthusiastic. Article keywords: 　Outer yarn