According to feedback from cotton yarn traders in Guangdong, Jiangsu and Zhejiang and other places, due to the oscillations of ICE cotton futures during the Spring Festival, Zheng cotton yarn rose sharply after the festival, and the ex-factory price of cotton yarn was generally quoted at more than 500 yuan/ton. As of now, trading companies, weaving companies in coastal areas Driven by factors such as low inventories of imported yarns in cloth companies, quotations for foreign yarn shipments, bonded and customs-cleared cotton yarns have been generally stable and strong since late January. Some middlemen have begun to tentatively increase prices for OE yarns, ring spinning yarns and C20- C40S knitting yarn quotation, but considering that the current quotation of domestic and foreign cotton yarn is still upside down at 700-900 yuan/ton and the weaving enterprises are still in the state of resumption of work and production (the procurement of raw materials such as cotton yarn has not been effectively started), the increase in the quotation of external yarn is not large. , customs clearance of 40S and below count cotton yarn mostly increased slightly by 100-200 yuan/ton, testing the acceptance willingness and digestion ability of downstream customers.
However, compared with the strong expectations for rising cotton yarns from Vietnam, Uzbekistan, Pakistan and other producing areas, the price of Indian cotton yarn quoted in US dollars and RMB continues to stabilize. Spinners and traders are very cautious in raising prices, and the export competitiveness of Indian cotton yarn is at a low level. recover.
Industry analysis shows that since January, India’s domestic seed cotton purchase prices and lint cotton quotations have fallen steadily (FOB/CNF weak consolidation), cotton yarn costs have declined, and yarn mill profits have continued to recover; on the other hand, India’s domestic cotton yarn consumption demand has hit a The rebound at the bottom, coupled with the good news that the operating rate of spinning mills is still at a medium to low level, some spinning mills and traders have once again adjusted their cotton yarn purchases to place orders two months or more in advance, causing Chinese and other buyers to be somewhat hesitant and have a strong wait-and-see atmosphere.
According to customs statistics, although China’s imports of Indian cotton yarn accounted for only 4.91% of total imports in 2022, a year-on-year decrease of 82.82%, and its ranking dropped from second to fourth, significantly lagging behind the proportions of Vietnamese yarn and Pakistani yarn, but in 2022 From October to December this year, my country’s imports of Indian cotton yarn continued to rebound significantly month-on-month, showing a prominent tail-up trend. Some institutions, cotton yarn trading companies, and weaving mills have judged that Indian cotton yarn exports to China will usher in a “peak turn” in the first half of 2023 due to the gradual recovery of Indian yarn mill production capacity, rising price competitiveness, and the advantages of supply capacity and product stability. “Opportunities, the proportion of market share continues to bottom out.
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