The warming of outer yarns is 'short-lived' and traders adjust their directions

According to the feedback from cotton yarn traders in Guangdong, Fujian, Jiangsu and Zhejiang, the inquiries and shipments of bonded and customs-cleared cotton yarns at ports in recent days have been declining and declining compared to the first and mid-October (the improvement of India and Pakistan yarn sales is only a short-lived phenomenon). Except for C21, C32 knitting yarn and OE10S-OE16S yarn demand and poor orders, the order for 8S-16S Siro spinning in Pakistan, which is required for goods in the early stage and tightly supplied, has cooled more significantly. An intermediary in Qingdao said that at present, the quotations of bonded, spot or futures yarns are stable and strong (the quotations of CNF and FOB such as Vietnamese yarn, Central Asian yarn, Indonesian yarn, etc.) oscillate upward with the rise of ICE cotton futures); The quotation has stabilized as a whole, but with the rebound of Zhengqi and cotton yarn futures (domestic cotton and cotton yarn spot also rose in response), traders’ discounts and profit margins have been reduced from 100-200 yuan/ton to 50 yuan/ton or even no longer discounted sales. Domestically produced yarn not only fluctuates in the same direction, but the pace is basically the same. It is also understood that the current 40S and count cotton yarns in India, Uzbekistan, Indonesia and other places of origin are inquiring and outgoing slightly better than September/October (including 32S or more combed yarns). Traders and middlemen have turned to medium-to-high Adjust the direction of count yarn and blended yarn. The sales of OE yarn and low-count ring spinning yarns 'closed' in advance due to the following reasons: 　　 First, domestic foreign trade, clothing, and weaving companies’ 'Golden Nine and Silver Ten' orders were significantly weaker than expected, and short orders, multiple varieties, and low profits ( (Or Christmas) mainly come to order; second, the yarn mills in Southeast Asia and Central Asia mainly purchase low-quality, low-grade Brazilian cotton, Indian cotton, West African cotton and other cotton yarns spun 21S and below, which cannot meet the requirements of Chinese weaving mills and traders. (Self-winding and bleaching); Third, the price difference between internal and external C32 and C21 count cotton yarns has narrowed to 200-300 yuan/ton, and the competitiveness of external yarns has declined. Fourth, the anticipation of RMB depreciation is strong. Some institutions, cloth mills, and traders believe that with the Fed’s rate cut and central bank currencies 'opening the gatesArticle keywords: 　Outer yarn