The Price Of Indian Yarn Is Very Resistant To Falling

According to the feedback of cotton yarn trading enterprises in Ningbo, Foshan and other places, due to the continuous decline of cotton and Zheng cotton in ice period since the end of February, and the obvious slowdown of inquiry and replenishment of downstream textile, fabric and clothing enterprises, the wait-and-see mood of downstream terminals is rising, and the internal and external quotation of imported cotton yarn is weak and downward (except for Indian yarn).

At present, traders and mills in Vietnam, Pakistan, Indonesia and other cotton mills are less willing to support prices and sell less. The US dollar quoted shipping and bonded cotton yarn are slightly adjusted. Due to the tentative drop of domestic cotton yarn price of 200-300 yuan / ton, RMB devaluation of 1.40% in five days, and the expectation of strong growth of domestic cotton yarn and grey fabric consumption demand from March to may (textile market peak season), the overall quotations of India, Pakistan and Vietnam yarn for customs clearance have stabilized at a high level, but the space for negotiation and profit making has expanded compared with last week.

A supply chain management company in Shaoxing said that driven by the sharp decline of Zheng cotton and ice cotton, at present, the cloth factory and downstream demand terminal have a strong "bearish and killing" mood on cotton yarn. Therefore, even if the external quotation of Vietnam yarn, Indonesia yarn and Central Asia yarn has obvious callback, the buyer still does not buy the account, and the transaction temperature of the ship from April to June is faster (including Vietnam yarn), and the port rotor spinning and 8s-16s baki are also available The shipment of stancelo spinning is a little cold. According to the company, due to the expectation that the quotation of imported yarn and domestic yarn will plunge along with the high level of cotton and other raw materials, and the order receiving situation in the second quarter of 2021 is lower than expected, and the payment and delivery rhythm of some old customers in Jiangsu, Zhejiang, Fujian and other places is slowing down and delaying, and traders are worried about whether the contract can be implemented.

As for the reasons for the relatively stable quotation and relatively strong performance of Indian yarn, the industry has summarized the following points: first, although the ice period cotton and foreign cotton spot goods have been significantly reduced in recent years, the transaction prices of India McX futures, India domestic spot and CCI round are relatively stable and strong, which is quite different from the trend of ice cotton; second, in the post epidemic era, India's domestic cotton yarn demand (cloth factories and clothing factories are now panicking In addition, with the signing of a cease-fire agreement between India and Pakistan, the tension between the two countries has been eased, and Pakistan is considering opening the import of Indian cotton and cotton yarn. As Pakistan's total cotton output and quality will drop sharply in 2020 / 21, it is a wise and efficient choice to directly purchase cotton yarn from neighboring countries India for production and list arrangement.