According to the feedback from cotton yarn traders in Guangdong, Fujian, Jiangsu and Zhejiang, the inquiries and shipments of bonded and customs clearance cotton yarns in the past few days have been weaker and declining than in the first half of October (the sales of India and Pakistan yarns are only a short-lived one). In addition to the demand for C21, C32 knitting yarn and OE10S-OE16S yarn, and the order difference is strong, the order of the Pakistani 8S-16S siro spinning order with the tight supply and tight supply is more obvious.

An intermediary in Qingdao said that at present, the price of bonded, spot or futures yarns is stable and strong (the prices of CNF and FOB in Vietnam yarn, Central Asian yarn and Indonesian yarn are rising with the rise of ICE cotton futures); customs clearance of RMB The overall price of the quotation stabilized, but with the rebound of Zhengzhou and cotton yarn futures (domestic cotton and cotton yarn stocks also echoed), traders' concessions and profit margins were reduced from 100-200 yuan/ton to 50 yuan/ton, and they were no longer discounted. Domestic yarns are not only in the same direction, but also in the same pace.

It is understood that at present, India, Uzbekistan, Indonesia and other places of origin 40S and the number of cotton yarn inquiry, out of the library slightly improved in September / October (including more than 32S combed yarn), traders, middlemen business direction to the middle The direction of the yarn and the blended yarn are adjusted. The reasons for the early eclipse of OE yarn and low-end ring spinning are as follows:

First, the domestic “foreign trade, clothing and weaving enterprises” “Golden September and Silver 10” orders were significantly weaker than expected, and still dominated by short orders, multiple varieties, low profits (or Christmas); second, yarns from Southeast Asia and Central Asian countries. The factory mainly purchases low-quality, low-grade Brazilian cotton, Indian cotton, West African cotton and other spun 21S and the following cotton yarns, which cannot meet the requirements of Chinese weaving factories and traders (self-complexing and wrapping); the third is the inner and outer C32 and C21 cotton yarns. The spread narrowed to 200-300 yuan / ton, the competitiveness of the outer yarn declined; the fourth is the strong expectation of the devaluation of the yuan. Some institutions, cloth factories, and traders believe that with the Fed’s interest rate cuts and the central bank’s currency “opening the floodgates”, the volatility of the RMB exchange rate has widened, and the risk of signing futures yarns and cotton is relatively high.

Source: Da Yao Textile's personal display page

Hai'an Qinfeng Chemical Fiber Co., Ltd. is a company specializing in the production, research and development and sales of polypropylene staple fiber, polyester staple fiber, functional polypropylene staple fiber and PP staple fiber. It is based on innovation and sets a good example for the industry. Its main specifications are 1.5D to 200D and the length is 5-150mm. The products are available in a wide range of colors and support color to map or sample customization. Qinfeng will always adhere to the business philosophy of “pursuing excellence and creating brilliance”. We sincerely look forward to your call!