Imported yarn the center of gravity of internal and external quotation moves downward, and traders are not eager to ship

China Cotton News: According to the feedback of cotton yarn trade in Jiangsu, Zhejiang, Guangdong and other places, since late October, the quotation of ships and bonded cotton yarn from India, Vietnam, Pakistan and other places has continued to fluctuate downward, especially the adjustment of Siro spinning in Pakistan and Vietnam is relatively large; However, the high count combed yarn produced in India, Vietnam, Indonesia and other places of 40S and above is relatively resistant to decline, and the price fixing sentiment of yarn mills and traders is strong. In August and September, although the price center of inquiry and delivery of “unsatisfactory” coarse count yarn did not move down much, the turnover of OE8S-OE16S yarn or 10S-16S ring spinning yarn tended to be flat due to the continuous decline in the operating rate of coastal areas such as Guangdong and Zhejiang (Foshan and Zhongshan denim mills have reduced the operating rate to about 30%).

A light textile import and export company in Hangzhou said that it was estimated that the total amount of external yarn arriving in Hong Kong in September 2022 would be close to 90000 tons, of which Indian cotton yarn, Vietnamese cotton yarn, Central Asian cotton yarn (Uzbekistan yarn accounted for the main part), etc. were in the forefront, while Pakistani cotton yarn had a high proportion of production reduction and suspension due to textile enterprises in August and September (suspension of quotation and supply to Chinese buyers) The shortage of cotton leads to the poor stability of yarn quality and the lack of sufficient competitiveness of the quotation, leading to a large decline in shipment.

From the survey, due to the “continuous decline” of cotton yarn external quotation and the relatively slow callback of domestic cotton yarn quotation, the upside down range of internal and external yarn prices has narrowed rapidly in nearly half a month; In addition, the traceability orders received by the foreign trade enterprises, clothing and weaving factories of the “Golden Nine Silver Ten” are still dominated by bulk orders, small orders and urgent orders, while the medium and long term orders and large orders are relatively scarce. From the perspective of time and cost, the enterprises receiving orders are unlikely to purchase foreign cotton spinning, weaving, clothing and delivery. Therefore, most cotton yarn traders are not active in selling goods and clearing warehouses, and the wait-and-see atmosphere is strong.