Outer Yarn: Air Spinning Stock Continues To Grow, Traders Shipping No Improvement.

According to feedback from cotton yarn traders in Jiangsu, Zhejiang, Guangdong and other places, the inquiry and shipment decline of OE8S-16S, Pakistan 8S-16S siro spinning and other low count yarn has become more and more obvious since the middle of November. The demand for C21S and below yarn in the jeans factory, towel factory and low-grade bedding factory has been decreasing. Some traders began to reduce, suspend the purchase of cotton yarn from India, Pakistan and Vietnam after September, and on the other hand, expand the middle and high cost cotton yarn in the middle of the month of signing 12/1/2.

Qingdao, Shanghai and other intermediaries said that in the past half a month, port bonded and customs clearance air spinning stocks continued to grow slightly. In addition to C32S, 40S bleached yarns, the turnover was strong, and the import yarn was not active. The price of India, Vietnam and other cotton yarn was weaker.

From the survey, although the domestic yarn export price generally increased by 300-500 yuan / ton (the higher the number of branches, the larger the space), the trend of RMB exchange rate upgrading is more obvious. However, according to the statistics of traders and middlemen, there is little hope that the imported yarn wants to "compete with each other for the benefit of the birds". First, the situation of textile weaving, clothing and foreign trade is not improving very much in the lower reaches of 10/11. With the advent of the domestic off-season, the consumption demand of the low and medium low cotton yarn is coming down. Two, Sino US trade consultation is once again in a stalemate. According to customs statistics, in October 2019, China's textile and clothing exports amounted to 22 billion 868 million US dollars, a decrease of 6.74% compared to the same period, down 1.67% from the same period last year. Among them, the decline in textile and clothing exports to the United States was particularly prominent; three, with the large consumption of cotton stocks in the cotton mill, and gradually purchasing new cotton, imported cotton, cotton yarn and cotton, quality and stability in 2019/20, and the competitiveness of imported India and Pakistan yarn declined.