Since October, imported yarn peaks have turned around, the market bottomed out and picked up

According to feedback from cotton yarn traders and weaving companies in Guangdong, Jiangsu, Zhejiang, Shandong and other places, the situation of inquiries, purchases and shipments of imported cotton yarns has continued to bottom out since early and mid-October, especially 8S-16S Pakistan Siro Spinning, C21- C32 medium and high-end knitting yarns and OE10S-OE21S yarns; but the sales of high-count imported cotton yarns of 40S and above have not improved much, and traders have adjusted their business focus to low-count, mid-range and self-winding directions. According to the survey, cotton yarn trading companies that have been holding back for several months and have large stocks in ports have seized the opportunity to ship goods and lighten their positions; it is also understood that the current inquiries and contracts of 'future yarns' in Pakistan, Vietnam, and India are gradually picking up. , OE10S-OE16S and C20S-C40S are still the 'main force' for Chinese traders and weaving factories to pay attention to and import.　　 Why are imported yarns turning around and trading relatively active? The industry analysis is as follows: 　　 First, Zhengqi has continued to rebound in the past half month (from 11,970 yuan/ton to 12,830 yuan/ton), cotton spot prices echoed the rise of 600-800 yuan/ton, and domestic cotton yarn prices were forced to follow up; and The quotation of imported yarn in RMB has stabilized (printed yarn quotation is weak), so the price difference between internal and external cotton yarns has narrowed significantly; 　　Second, clothing and weaving companies in Guangdong, Jiangsu and Zhejiang have reported that they have received medium and short orders (for denim, bedding, towels, shirts, etc. Mainly), although there is a gap with the expected 'Golden Nine and Silver TenDriven by good news such as the improvement of the trade environment, the RMB exchange rate has rebounded by nearly 1% from around 7.14 in the last five trading days. On October 10, the offshore RMB even rebounded sharply by more than 600 points in the intraday trading day; 　　 is the fourth in China and the United States. The first phase of the 13 rounds of trade negotiations reached an agreement. On October 15th, the U.S. temporarily suspended tariffs on US$250 billion of imports from China. The Sino-U.S. negotiations are back on track. The benefits to the cotton textile and apparel industry chain are obvious. Article Keywords: 　Imported Yarn