Domestic Yarn Price Cut 300-500 Yuan / Ton India Yarn, Indonesian Yarn, Vietnamese Yarn Shipments Decline

In recent two days, cotton yarn traders in Qingdao, Shanghai, Guangzhou and other ports have responded to the fact that imported yarn is not ready to sell. The prices of goods such as India yarn, Indonesian yarn, Vietnamese yarn and so on bonded and cleared customs quotas have declined significantly. Some weaving factories and middlemen have increased their enquiries on imported yarn for 7/8 months, but the growth rate of signing contracts is not outstanding.

The spot price of cotton also plunged sharply (13-15 days in May, far east main port EMOT/MOT, SM Brazil cotton, SM West Africa cotton, S-6 and so on fell to 77-78.5 cents / pound), cotton mill raw material cost fell sharply, yarn FOB, CNF quotation will also be violent callback; on the other hand, bonded and clear cotton yarn under the influence of high cost and depreciation of RMB, traders lowered the price quotes like "squeezing toothpaste", not attractive to buyers; in addition, the Zhengzhou cotton two stop downs for a week led to the reduction of the 2018/19 spot price and the reserve cotton paction price by 1000 yuan / ton overall. Analysis of the industry, on the one hand, with the ICE futures contract breaking 70, 68, 65 and other integer pass.

Judging from the survey, as of mid May, Qingdao, Ningbo, Guangzhou and other ports outside the yarn stock is relatively large, good location and fast delivery of the bonded warehouse not only "yarn full", and warehousing costs plan has been raised.

First, Pakistan will enter the Chinese market with zero tariff. Therefore, Pakistan cotton mills, exporters and China trade actively operate and ship Ba yarn. Two, the shipment of cotton yarn and the arrivals volume in India, Vietnam and other places in April were significantly increased, and the import yarn delivery and turnover continued to slump.

According to some large and medium-sized traders, the total foreign yarn arrivals in April reached 20-22 tons, an increase of more than 10% over the same period last year. Cotton yarn sales can be described as "pressure mountain". Three, over the past week or so, the price of domestic yarn has been reduced by 300-500 yuan / ton, and the range of internal and external cotton yarn "upside down" has been expanded to 400-500 yuan / ton (CY2001 disk price is 22140, which is only one step away from the lowest point since mid May 2018), and the competitiveness of cotton yarn in India, Vietnam and other places has been declining.