Cotton Yarn Soaring Foreign Trade Orders Or Abandoned

Since the national day, the purchase price of seed cotton in zhengmian relay has risen in an "open-door" manner, and the cotton spot, polyester staple fiber, cotton yarn and grey cloth have been "put on the satellite" successively. The cotton, textile and clothing markets can be described as "up, up, very up". Zheng Mian's increase and strength not only dwarfs its other agricultural products and bulk commodities, but also throws out several cotton futures such as ice and McX Street.

Unlike ice's main contract, which is still carefully testing the strong resistance level of 70 cents / pound, cf2101 contract has made an upward breakthrough, such as "blowing melons and slicing vegetables". Short sellers will collapse for thousands of miles before they can organize resistance. Some institutions and international cotton merchants have judged that under the favorable support of the crazy rise of Zheng cotton, the weather speculation in the main cotton producing areas of the United States, the medium and long-term rising channel of global grain prices, and the continued easing of monetary policies of various countries, the upward trend of ice will not change. The bottom will stand at 70 cents / pound, and the main force will attack again and challenge 72-75 cents.

According to the survey, since the end of September, the sudden arrival of overseas holiday orders (some of which are transferred and returned from Southeast Asian countries such as India and Pakistan, Brazil, etc.), domestic purchasers preparing goods for "double 11" and "blowout" of orders in spring and summer of 2021 are the key factors causing the general rise of fancy gauze fabric, but with the explosion of raw materials, cotton gauze and fabrics, etc On the one hand, textile and clothing export orders received in August / September may not be implemented due to the substantial increase in production costs; on the other hand, some foreign trade companies can not find suppliers and manufacturers to process on behalf of other countries, such as Europe, the United States and ASEAN. The focus is on the signing of contracts, which cannot be accepted and eliminated by export enterprises and foreign purchasers Chemical processing enterprises to raise the price, so at present "although the order is more, but the next few.".

Several foreign trade companies in Shanghai, Hangzhou and other places reported that October entered the peak season of production and sales of down jacket and medium and heavy trousers. However, due to the increase of 40% - 50% in the price of down jacket and other manufacturers in coastal areas, and the advance payment or even full payment is required, it is very difficult for traders to find an agent processing enterprise with "good supply quality and low price", and "it is very difficult to send out the order" which leads to the passive (production) of foreign trade enterprises Most of the export orders with low quotation and low profit are abandoned. Once the contract is confirmed, the purchasing staff should be sent to contact the manufacturers everywhere to sign the processing contract as soon as possible. They are afraid that they will be "prized" by other enterprises or unilaterally ask for price increase. In addition, due to the worry of RMB exchange rate fluctuations, export-oriented trade enterprises also tend to be cautious. The soaring prices of raw materials, yarns, fabrics, etc. have a gradual impact on the entire terminal consumer market. After the short "honeymoon" period, the situation may turn down sharply.