It is understood that during the Spring Festival, the overall price of cotton outside the market rose significantly (the ICE cotton main contract reported up 4.26 cents / lb, or 5.82%); India's domestic cotton prices fell first and then rose, creating a new high in 2016/17 and January Since the end of the year, China's domestic Cotton Yarn prices have risen by more than RMB 300/ton. Recently, not only the prices of cotton yarn ports in India, Pakistan, Indonesia, etc., but also the price of “future yarns†in the distant month have risen sharply, and the price of Vietnamese yarns has also “slowed upâ€.
cotton
February 2-4, Qingdao, Guangzhou Port Vietnam C32A brand yarn offer 2.76-2.78 US dollars / kg (not including bleaching and not dyeing), C21SA brand yarn is 2.48-2.52 US dollars / kg; India C21S, JC40S compact spinning brand yarn offer The price is 2.50-2.53 US dollars/kg and 3.30-3.33 US dollars/kg respectively; the price of Indonesia C21S woven yarn and C32S knitting yarn (woven yarn) after customs clearance is 21400-21600 yuan/ton and 22900-23100 yuan/ton respectively.
Cotton yarn traders in Guangdong, Jiangsu, Zhejiang and other places said that after the Spring Festival, domestic cotton yarns were “sounding upâ€, regardless of whether the domestic or imported yarn prices were red, but the middlemen, weaving factories, garment factories and foreign trade companies were all in the process of returning to work. The inquiry and purchase of cotton yarn, grey cloth, fabrics, etc. have not been effectively carried out. The ability of downstream enterprises to accept and digest the high cotton and cotton yarns remains to be seen. It is expected that the yarn price will increase by RMB 300-500/ton.
Due to the low yarn stocks of middlemen and weaving factories this year, the focus on the procurement after the Spring Festival needs to be released. The electronic disk of ICE cotton and Zheng cotton futures has risen in advance (the CF1705 contract has risen by 1,205 yuan since January 18). / ton, an increase of 8.07%), domestic and foreign cotton spot price increases, the cost pressure to the middle and lower reaches, for survival and self-protection, spinning mills only a way to raise prices.
According to the survey, as of the end of January, the import duty of yarns in ports such as Guangzhou, Ningbo, Qingdao, Shanghai and Zhangjiagang was close to 100,000 tons (a few foreign companies roughly estimated 9.8-10.5 million tons), Vietnam, India, Indonesia, Pakistan, Central Asia. Yarn is the main body. Since some traders have continued to expand the import yarn inventory (spot or futures yarn) since mid-December, the lightening or shipment in January is not obvious. Therefore, the price of FOB, CNF and CIF with the imported yarn and the RMB quote after customs clearance The sharp rise in the market, traders do not believe in a comprehensive "solution" and have a good expected profit, the entire market began to favor the direction of cotton yarn importers, operators.
An import company in Shanghai said that up to now, the company has bonded 500 tons of Vietnamese and Indonesian yarns. Before the end of February, there were still about 350 tons of Vietnamese C21S and C32S delivered in Hong Kong (contracts in early December), according to the current Vietnamese yarn. The price of CNF rose by 0.08-0.10 USD/kg, and the domestic yarn price rose by more than 300 yuan/ton. The profit of imported yarn is very good.
Some weaving factories in Zhejiang and Guangdong believe that since the end of January, the prices of “futures yarns†in March-May, such as Vietnam, India, Pakistan, Indonesia, etc. have risen significantly, so the procurement response is relatively slow, and the ports with smaller gains are spot or Spot yarns are more feasible.
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Editor in charge: Liu Xiaomei
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