Imported high-count yarn is not strong enough, and it is difficult for cloth factories to maintain high operation rates
According to feedback from cotton yarn trading companies in Foshan, Zhongshan, Guangdong and Shaoxing, Zhejiang, at the end of March, inquiries for imported C20S-C32S knitting yarn and siro spinning yarn originating in Pakistan and Vietnam, Shipments continue to weaken, and only some weaving mills with traceability orders purchase small quantities in batches at bargain prices; although the transaction volume of OE8S-OE21S has declined, its performance is still better than that of medium and high-count carded yarn and high-count combed yarn. , becoming the “mainstay” of imported cotton yarn from January to March 2023.
A textile import and export company in Hangzhou stated that due to the recent continued recovery in demand for 40S-60S in the domestic market, the supply has been temporarily tight (some spinning mills have 50S and 60S cotton yarns). The quotation has been increased by 500-1,000 yuan/ton), so cloth mills and middlemen have increased inquiries for 40S, 50S, and 60S cotton yarns from port bonded, customs clearance, Vietnam, India and other origins. However, on the one hand, so far, the price of 50S and above at ports has increased The inventory of carded and combed yarns is very low, and buyers have very few options to choose from. On the other hand, the RMB quotation of high-count imported yarns is significantly higher than that of domestic yarns than that of OE yarns and low- and medium-count ring-spun yarns. The order profits of terminal enterprises have been greatly affected. Furthermore, concerns about the low quality indicators, weak stability, and high foreign fiber content of Indian JC40S-JC60S make weaving factories very cautious when placing orders.
Judging from the survey, although ICE cotton and Zheng cotton futures rose hand in hand this week, domestic cotton spinning mills and traders have tentatively raised the quotations of domestic cotton yarn slightly, observing downstream, Feedback from the terminal, but regardless of far-month shipments, bonded cotton yarn (USD quotation) or customs clearance RMB quotation, imported yarn overall maintains a weak and stable situation (Indian cotton yarn external quotations and internal quotations are still falling, and yarn mills and traders are under great pressure) , mainly affected by the “high expectations, low reality” demand from cloth mills in coastal areas, the continued depreciation of the RMB exchange rate, export orders in the second quarter of 2023 are still weak, and it is difficult to show improvement (downstream replenishment is timid or even stagnant). It is understood that the operating rate of weaving factories in Foshan, Zhongshan and surrounding areas has peaked and fallen in recent days (the operating rate of some companies has dropped from 80-90% in the previous period to 60-70%), and the consumption of imported yarn has also weakened; domestically produced American cotton The production and sales of cotton yarns such as , Brazilian cotton, Australian cotton and other cotton yarns are still weak, and the phenomenon of overstocking of yarn mills is relatively common.
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