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The inner and outer yarns are hanging upside down, and the sales of ba yarn have improved

by:Chengyi     2021-04-09
According to the reports of cotton yarn trading enterprises in Guangdong, Jiangsu, Zhejiang and other places, the inquiries and transactions of Pakistan 8-16S Siro spinning and 21S and 32S mid-to-high-end yarns have bottomed out since mid-June, port-bonded, July-August shipping schedules. In particular, the recovery of bleached yarns from major factories and bleached yarns is obvious; the signing of OE yarns from other producing areas is not satisfactory. Weaving factories in Nantong, Changzhou, Shandong, Zibo and Weifang in Shandong said that the trading atmosphere of C40S knitting yarn in India and Vietnam has improved slightly, and orders are concentrated on the outer market. The domestic market showed a weak performance due to high prices, reluctance to sell and a small number of customs clearances by import companies. According to the survey, from June 18-20, the quotations of C32S high-profile bleached yarn from India and Vietnam in Henan, Shandong, Jiangsu and other places were 22,300-22,500 yuan/ton; domestic C32S ex-factory prices were concentrated at 21,800-22,000 yuan/ton, both Upside down is about 500 yuan/ton. An importer in Qingdao analyzed that due to the sharp decline of Zheng Cotton since June, the quotations of cotton yarns have followed up; the quotations of cotton yarns such as FOB and CNF in India, Pakistan, and Vietnam have also continued to fall. At present, it is obviously upside down. Therefore, some high-priced imported yarn contracts signed in April-May are facing difficulties in implementation. Chinese buyers hope to re-sign the contract, postpone shipment, repurchase and even breach the contract. The quotations of Indian and Pakistani yarns fell again and again due to the following three reasons: First, the ICE cotton and spot prices plummeted from May to June, the raw material costs of spinning mills fell rapidly, the price adjustment of yarn and grey cloth was slow, and the profits of spinning mills increased significantly. In order to stimulate and promote production and sales, moderate price cuts; second, the recent continuous depreciation of Pakistani and Indian rupees is conducive to the export of yarns, grey cloths, clothing, etc., and the quotations of yarn mills are under pressure; Financial pressures have risen to varying degrees; the renminbi has appreciated sharply in recent days, providing conditions for importing yarn to clear customs and break through bottlenecks; fourth, the increasing variables in Sino-US negotiations and the escalation of the trade war have caused Chinese buyers to suppress their demand for pure cotton yarn and blended yarn , Some spinning mills in India, Pakistan, Vietnam and other countries cannot receive orders, so it is reasonable to 'cut prices and run out of goods'. Article Keywords:  Inside and Outside Gauze
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