Imported combed yarn performs actively, Indian yarn may be popular
According to the survey, since mid-October, in addition to the active inquiries and transactions of imported yarns JC21S, JC32S, JC21S/2, and JC32S/2 in markets such as Jiangsu, Zhejiang, and Guangdong, the exports of Pakistan C21S and Indian air-jet spinning C32S The goods are also relatively fast. The supply of C40S from India, Uzbekistan, Vietnam, Indonesia and other producing countries is weak. In the Guangdong market, Pakistan Siro Spun C8-16S has sufficient supply and stable demand. Industry analysis shows that on the one hand, a certain amount of low-priced yarn from India, Pakistan, and Vietnam arrived in Hong Kong from the end of September to mid-October, mainly contracts signed before mid-August to mid-September. The CNF prices of C21S and C32S are 2.45-2.50 cents/kg and 2.55-2.60 cents/kg. The cost is not only significantly lower than the previous stock yarn in the bonded area, but also lower than the CNF quotation of Indian yarn in mid-October, which is 0.10-0.15 cents/lb. The sales quotations of traders are slightly lower than the market; on the other hand, domestic sales orders have shown a phased recovery, and the operating rate of some fabrics, clothing, and trading companies in coastal areas has increased to 80-90%. For imported combed yarn and three-pack quality (including dyeing, The demand for carded yarn (bleached, put on machine) is good; in addition, in the past half month, the domestic yarn C21-40S has been driven by the sharp increase in cotton prices, which has passively increased by 300-500 yuan/ton, giving Indian and Pakistani yarns to “take advantage of the opportunity”. “Enter” opportunity.
From October 15th to 18th, the CNF quotations of Indian C21SA, C32SA, and JC32SA in Qingdao, Zhangjiagang, Guangzhou and other ports were 2.62-2.65 US dollars/kg, 2.75-2.80 US dollars/kg, 2.90-2.95 US dollars/kg, JC21S, The increase in prices for JC32S and other yarns is lower than that of carded yarn; while the CNF quotations of C21S and C32S are US$0.03-0.05/kg lower than that of Indian yarn, and the price advantage is gradually reflected. It is reported that as new cotton is successively processed and launched, the domestic cotton price in Pakistan has dropped to 68.50-72.70 cents/pound. In the first and middle of October, the FOB and CNF quotations of cotton yarn have continued to fall, and the quality of brand yarn and major manufacturers has been adjusted downward by about US$0.03/kg. . Cotton yarn produced in Uzbekistan and Turkmenistan has also attracted the attention of Chinese weaving factories and traders. First of all, Uzbekistan yarn is mainly high-count carded yarn, mainly C32S and C40S. The cotton quality is basically close to my country’s Xinjiang cotton, and the spinning cotton index is higher than that of India and Pakistan. Secondly, the CNF price of Uzbek yarn is lower than Indian yarn of the same count costs US$0.04-0.05/kg, which is lower than Vietnam’s air-jet spinning US$0.06-0.08/kg; thirdly, Uzbek yarn has the same advantages as Vietnamese yarn in transportation and tariffs.
Judging from feedback from major ports, the quantity of bonded cotton yarn that has arrived or is expected to arrive in Hong Kong in October will continue to increase, and is expected to reach 75,000-78,000 tons by the end of October, with origins such as India, Vietnam, Pakistan, Uzbekistan, and Indonesia Be at the forefront. It is worth noting that in contrast to the increasing shipments and arrivals of high-count yarns and combed yarns in Vietnam and Central Asia, India’s C32S jet and rapier shipments have declined significantly. On the one hand, buyers including China and Bangladesh have strong expectations for a sharp decline in domestic cotton prices and cotton yarn export prices in India (the price difference between old cotton S-6 and new cotton reaches 7-8 cents/pound), starting in mid-September Orders continue to be delayed or reduced. Recently, the FOB and CNF quotations of Indian cotton yarns have increased sharply by US$0.20-0.25/kg, which has been boycotted by buyers. On the other hand, the quality of Indian yarns is not as good as that of Vietnamese yarns and Uzbekistan yarns. The only advantage is the large scale of the yarn mill and strong single supply capacity. Since 2015, yarn mills in Vietnam, Central Asia, Indonesia, Pakistan and other countries have imported large quantities of US cotton, West African cotton and even M and SLM grade Australian cotton. The cotton mix has become more and more abundant, and the yarn quality has continued to improve. Imported combed yarn performs actively, Indian yarn may be popular
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