What Should We Do To Speed Up The "Falling" Market In Cotton Yarn Market?

With the export of India and Pakistan's cotton yarn "advancing vigorously" and taking full advantage of the global market, the export of Chinese cotton yarn has been shrinking.

The export of cotton yarn is only about 31 thousand and 100 tons, a year-on-year decrease of 11.27%, and exports accounted for only 52.1% and 26.6% of the export volume of Pakistan and India. In July, Pakistan exported 59 thousand and 700 tons of cotton yarn, an increase of 8.34% over the same period last year, a 18.45% increase in the ring ratio, and 116 thousand and 800 tons of cotton yarn exported in July (including more than 85% cotton), an increase of 35.3% over the same period last year, of which 59% exports to China (the same period last year), and the cumulative export of cotton yarn from India in August 2014 to the month of July. India exported to China, accounting for the export volume of India cotton yarn. China supports the half of the export of India cotton yarn, which shows that the dependence of Chinese traders, cloth factories, fabrics and garment factories on India yarn is rising. In July of this year

It is noteworthy that recently, some cotton business companies and large cotton trade on the basis of foreign cotton quotations have increased the quotations of cotton, such as C21S, C32S, C21/2 and C32/2 from India, Pakistan, Indonesia, Vietnam and Thailand. The extension of cotton enterprises to downstream cotton yarn, grey cloth and even clothing is inevitable. It is also inevitable for trading companies to expand trade volume and avoid the risk of single species operation.

For the trend of outer yarn in the first ten days of October, port traders generally believe that the difficulty of stabilizing the landing is relatively large. On the one hand, the pressure of ICE short term stabilization is 60 cents / pound, which is close to the lower level of the main force in October or to the 57 cent / pound year. On the other hand, China's cotton, cotton yarn, grey cloth demand is weak and the worries about the Chinese economy are very strong. In addition to the relatively smooth operation of a few high yarn enterprises, most of the small and medium size mills and cloth factories are in a dilemma. Besides, the imported cotton yarn is still flooding like a flood. The short term concerns whether the C21S, C32S India and Pakistan yarn will be closed at the end of 16500 yuan / ton, 18500 yuan / ton.

From Guangzhou,

The survey of ports in Zhangjiagang, Ningbo and Shanghai showed that the number of cotton yarn in the bonded areas of India, Pakistan, Vietnam, Indonesia and Central Asia (Uzbekistan, Turkmenistan, Azerbaijan, etc.), Turkey, and the United States continued to show a slight increase in late 9. In particular, OE yarn, 10S-C32S yarn, 40S and above high count yarn, combed yarn arrived and bonded amount did not increase further, and it is expected that the bonded products will be bonded at the end of September.

The number will exceed 95 thousand tons.

On the one hand, since September 18th, the ICE main contract has fallen below 63 cents / pound, 61 cents / pound, 60 cents / pound, cotton, India cotton and West African cotton.

Such as spot and faraway shipping price quotation overall fell sharply, EMOT SM 1-1/8 fell to 71-72 cents / pound, Southeast Asian cotton yarn quotations declined, 21S, 26S, 32S yarn adjustment range generally in 500-600 yuan / ton; on the other hand, the long and medium term appreciation of the renminbi is expected to rise, after the Fed's September interest rate plan abortion, there are more arguments about whether the RMB can continue to depreciate, and the currencies of India, Pakistan, Vietnam and other countries have remained stable for nearly a year, cotton yarn, grey cloth and other export growth to China "come to life".