According to feedback from cotton yarn trading companies in Jiangsu, Zhejiang, Guangdong and other places, since mid-to-late November, in addition to some inquiries and transactions for medium and high-end OE yarns and siro spinning yarns, imported carded and combed yarns (including compact yarns) with counts of C30S and above have ) shipments continued to be deserted, and Vietnam’s C16S-C40S carded yarn received a greater decrease in attention from cloth mills and middlemen.
A textile import and export company in Zhejiang said that due to the recent steady and slight decline in the quotation of external cotton yarn, while the domestic cotton yarn has continued to fall, the inversion of domestic and foreign cotton yarn has once again widened to about 3,000 yuan/ton, and the competitiveness of imported yarn decline; coupled with the fading benefits of the “Golden Nine and Silver Ten” in the textile and clothing industry, export traceability orders are still mainly bulk orders, small orders, and replenishment orders, with a lack of medium and long-term large orders. The domestic epidemic situation has recurred on a large scale, and epidemic prevention and control The impact on weaving/fabrics/clothing companies’ receipt, shipment and start of production has deepened. Therefore, the performance of imported cotton yarn has been weak, traders’ inventory accumulation rate has increased, and pressure has gradually accumulated.
Customs statistics show that in October, cotton yarns with counts below 25S accounted for more than 80% of the foreign yarns arriving in Hong Kong from my country. In particular, the growth in the number of OE yarns from Vietnam and India and low-count siro spinning yarns from Pakistan was relatively prominent; while C30S and above The proportion of cotton yarn in count continues to decline, and high-count combed yarn of 50S and above in India and Vietnam is relatively scarce.
Analysts believe that since the third quarter of 2022, the demand for OE yarn and low-count ring spinning yarn from denim factories, home textile companies and labor protection product manufacturers in coastal areas has been unsatisfactory, and the performance is significantly better than that of high-count ring spinning and combed yarn. yarn. At the same time, the consumption of cotton textiles and clothing in the United States, the European Union and other countries continues to downgrade, and traceable direct or indirect orders (“transfer orders” from traders in Southeast Asia, South Asia and other countries) have a high degree of matching with low-count yarns and low-price yarns.
In addition, since August, the ratio of yarn mills in India, Pakistan and other countries to reduce production and stop production has remained at a high level, and the output and supply of high-count yarns of 40S and above have declined significantly. According to statistics, India exported 26,200 tons of cotton yarn in September, a year-on-year decrease of 77.63% (Indian cotton yarn exports from June to August decreased by 67.85%, 69.24%, and 71.96% year-on-year respectively), of which only 2,200 tons were exported to China, a year-on-year decrease of 96.44% , accounting for 3.75% of the month’s export proportion; in October, Vietnam exported 116,700 tons of yarn, a month-on-month increase of 0.64%, and a year-on-year decrease of 21.17%. Among them, the year-on-year decline in exports to China was relatively large.
</p
