In Addition To Vietnam'S Production Of All Cotton Yarn And Indonesian Polyester Cotton Yarn, Other Producing Areas And Varieties Do Not Perform Well.

According to feedback from traders in Guangzhou, Jiangsu, Zhejiang and Qingdao, the number of foreign yarn entering and entering the bonded warehouse in mid 4 months has continued to decline. In addition to some pactions in 8S-16S Pakistan siro spinning and package bleaching package dyeing C21S and C32S (A+ or A yarn), the inquiry and shipment of conventional India and Indonesian combed yarns are basically at a standstill.

Shandong Weifang, Zibo, Jiangsu Nantong and other places of cloth factory said that although Vietnam's external yarn quotation has recently been raised by 0.01-0.03 US dollars / kg (India and Pakistan yarn have been stable for two weeks, but few have signed the contract), but the Chinese weaving factory,

The purchasing enthusiasm is acceptable.

And below the count yarn price rise, but still lower than the same number of India yarn 0.03-0.05 US dollars / kg, and compared to India cotton mill buyers need 45-60 days ahead of schedule, the Vietnamese cotton mill orders relatively flexible (most of the size of the yarn factory less than 20 thousand spindles), on the other hand, 2015/16 and 2016/17 Vietnam's cotton mill on the low quality India cotton, Pakistan cotton imports and consumption significantly reduced, high quality, no three silk cotton, Brazil cotton and Australia cotton, West Africa cotton signed import greatly increased, C40S below the quality of carded yarn and combed yarn to India and Pakistan yarn to achieve the bend overtaking, but the yarn price is still lower than the Indian yarn 0.05 U.S. dollars / kg, so on the one hand, even Vietnam C32S

Strong.

The price and turnover gradually cooled down, and the cotton mills in Henan, Shandong, Hebei and other places reflected that the order of "short, flat and fast" orders in the low spun yarns were fast, and the difficulty of receiving orders continued to increase. In the middle of April, some big factories took the lead in downgrading the overall price of cotton yarn at 200-500 yuan / ton (a slight increase in the size of high count Combed Yarns). The small and medium-sized mills also had to follow up at full speed recently. C21 and C32S dropped to 21500-21800 yuan / ton, 23000-23300 yuan / ton (medium yarn), and the impact on the quotation and sale of the yarn on the spot and futures yarn was increasing. Recently, domestic market OE yarn, 40S and below cotton yarn inquiry

At present, the price of RMB C21S, C32S and JC32S yarn imported from the main ports is generally 22000-22300 yuan / ton, 24000-24300 yuan / ton, 26000-26500 yuan / ton, showing obvious signs of touches down from the previous stage, while traders are willing to drop in price. However, because the difference between domestic and foreign prices is still around 1000 yuan / ton, the other producing areas and varieties are cold and clear except for Vietnam's whole cotton yarn and Indonesian polyester cotton yarn.

On the 22-24 th of April, the CNF quotations of C21S A, C32 S A, JC32S and OE21S futures yarn in India, Qingdao port were quoted at CNF prices of $2.63 / kg, $2.95 / kg, 3.23-3.25 dollar / kg and 2.21 USD / kg (Dachang and brand yarn), though they were adjusted to 0.02-0.03 dollars / kg in mid April, but they were significantly higher than those of Chinese weaving factories and middlemen, and the market for India,

And so on, we still have a strong view that the outer market yarn will continue to decline.

First, the high cotton prices in India and Pakistan have seriously restricted domestic cotton consumption. A large number of imported cotton occupy the market. How to digest low quality cotton is a big problem. Secondly, the India rupee's strong exchange rate with the US dollar has led to no return room for cotton, cotton yarn, grey cloth and clothing exports in India. In order to maintain production and marketing, only one way to cut prices is feasible for the mills. Thirdly, in the past two years, the proportion of China's imports of India and Pakistan yarn has continued to decline, and Bangladesh, Vietnam and other Southeast Asian countries have also declined to varying degrees.

According to customs statistics, the import value of China's textile yarn, fabrics and products in March 2017 was 1 billion 560 million US dollars, an increase of 11.3% over the same period last year, and the growth rate was reduced by 3.8 percentage points. In 2017, the import value of China's textile yarn, fabrics and products reached 4 billion 40 million US dollars, down 82.8% from the same period last year. Fourthly, the Federal Reserve reiterated that the plan to increase interest rates two times in 2017 is unchanged (two or three and fourth quarter US economic data are expected to be better), and the US dollar index strengthening over the long term is a big probability event, and the rupee will be weaker against the US dollar.

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