Vietnamese Yarn Performance Began To Go Downhill, The Opportunity To Import Yarn?

Cotton experienced a roller coaster market (the main contract rose from 76.17 cents to 87.18 cents, then plunged to 78.84 cents); Zheng cotton CF1709 contract also jumped from 15380 yuan / ton to 16540 yuan / ton, then broke 15800 yuan / ton (low 15700 yuan / ton), and from a short span of 6 trading days from more air to air to kill more, the speed of the variable was unprepared, but the futures prices of port, bonded, spot, 6/7/8 month Vietnam, Pakistan, India, Indonesia, Central Asia and other futures prices were rather slow, and did not adjust with the ICE phase cotton and Zheng cotton's big opening and closing. According to Qingdao, Zhangjiagang, Ningbo, Guangzhou and other places of cotton yarn traders, although the ICE period since May 11th

But by the middle of May, the demand for cotton yarn in Jiangsu, Zhejiang, Guangdong and other places was getting weak, and the purchasing of weaving factories and intermediaries was weak, OE yarn, siro spinning and C10-21S

Such as the continuous decline of the outlet; 40S and above, the middle and high count combed and combed imported yarn (mostly need 1 months advance order, order spinning) sporadic turnover, only C32S, 40S knitting bag bleaching, JC21S imported yarn sales are relatively stable.

Some textile enterprises and traders said recently

Since the middle of May, since the middle of May, the spot quotation of US cotton, Australian cotton and West Africa cotton has increased by 8-9 cents / pound since the middle of May. Most of Vietnam's cotton mills have locked the high quality and high-grade cotton resources in advance with the purchase or adopting the ON-CALL point price mode. Therefore, the cost of cotton mill has increased rapidly, and the profit of the cotton mill has been increasing rapidly. The profit of the cotton mill has been thinner and thinner. Some large and medium-sized cotton mills have slightly increased their external quotations and widened the price difference with the domestic yarn. On the other hand, the price of India bonded yarn and futures yarn has been substantially reduced since late April, and the difference between Vietnam and Vietnam yarn has been narrowed or even reversed. Foreign trade companies, weaving enterprises and middlemen have hit the bottom of the rebound in the attention of the India yarn. The performance began to go downhill, the port bonded pressure was slightly.

For example, 5 mid month, C21S, 32S India Dachang brand yarn quoted price 2.60-2.65 USD / kg, 2.90-2.92 USD / kg; and C32S Vietnam brand yarn quotation is 2.93-2.95 USD / kg, C21S Vietnam yarn price is also generally higher than India 0.02-0.03 USD / kg.

From the survey point of view, since May, the number of bonded and spot shipment cotton yarn has continued to decline in China. Traders, foreign textile mills and exporters also quote futures yarn for 6/7 months. However, what is echoed with the arrival and low stock prices is the recent import of yarn coming out of the warehouse is slower. Indonesia's high count blended yarn, India, Vietnam and other high count combed yarns are single or even sluggish.

Several international cotton traders and large traders reckon that China's main port will be closed by the end of May.

Bonded volume or 6.8-7.2 million tons, Vietnam, India, Pakistan, Indonesia yarn occupy the top four.

The reasons for the import of yarn supply and turnover are more and more. The industry concluded as follows: first, the yarn price in China has been reduced by 200-500 yuan / ton in half a month, and in addition to a reasonable fall in India, cotton yarn in other producing areas has been stabilized or even increased in a single direction; two, foreign trade companies, weaving factories, garment factories and other orders have slipped and the characteristics of the off-season have emerged. Three, China's credit policy has continued to tighten, and the credit lines of some cotton, textile importing enterprises and trading companies have been significantly reduced, which has a great impact on the import of cotton yarn imported by LC as the main payment mode.

At present, the price of India, C21S, 32S and JC32S yarn is 22200-22400 yuan / ton, 24000-24300 yuan / ton, 26300-26600 yuan / ton, and the price of C21S-32S is still higher than that of domestic yarn 800-1000 yuan / ton, which is generally cautious for traders to take advantage of the low spot price of the port and increase their stockpiling.

The larger inverted cotton yarn inside and outside, the large warehouse warehouse receipt and the reserve cotton wheel can completely meet the needs of the textile enterprises, the decline of the industrial chain terminal prosperity and the adjustment of the central bank's monetary policy, which is the main reason why traders dare not act reckless.

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