According to the feedback of cotton trading enterprises in Foshan, Shaoxing, Changzhou and other places, since the end of June, the price of port bonded, spot and cargo Indian cotton yarn/Pakistan cotton yarn has shown a trend of stopping falling and stabilizing, especially in the medium and high weight compact spinning, Siro spinning and Pakistan high package bleak8S-16S Siro spinning mills and cotton yarn export enterprises offer relatively strong, And whether the US dollar or the yuan resource flow spinning still continues to weaken, a small bottoming trend.

In contrast, not only is the price of pure cotton carding yarn (C16S-40S) in Vietnam adjusted downward again, but the price center of gravity of blended yarn continues to move down (air spinning fluctuation is not large). Coupled with the Vietnamese yarn exports to China with short transportation distance, timely delivery and some Vietnamese yarn cotton "sales" to the Chinese market (Chinese enterprises invested in Vietnam textile enterprises cotton yarn, grey fabric exports to domestic) and other factors, some institutions, weaving enterprises and traders judge that the proportion of Vietnamese yarn imports in June and July in China's cotton yarn imports in the month is expected to continue to increase. With Uzbekistan yarn, Pakistan yarn, Indian yarn imports accounted for a growing gap (in May, Vietnam yarn imports accounted for 55.65%).

From the survey point of view, at present, Zhejiang, Jiangsu, Shandong and other markets ring spinning/air spinning and other coarse yarn inquiry, transaction concentrated in the low price low index source of goods, some big factory signing/shipment situation is not ideal, big factory, small factory cotton yarn FOB/CNF quotation and customs clearance RMB quotation gap than April, May continued to narrow. Shaoxing a large textile import and export company said that due to the recent Jiangsu and Zhejiang market imported combed 21S, combed 32S, combed 45S polyester cotton blended spot inventory is less, and some export-oriented textile and clothing enterprises trace the single demand for imported combed yarn back up, so the blended combed yarn price sentiment is relatively strong. Cotton yarn trading enterprises have increased from Guangdong, Shandong and other markets to transfer goods or orders to Vietnam, Indonesia, India and other countries in a timely manner to fill the order (require shipment within a month, delivery).

As of the beginning of July, Guangdong, Fujian, Jiangsu and Zhejiang textile companies imported cotton yarn inventory is at a low level, but the Sino-US/Sino-European trade relations are tightening, Mexico/Brazil/Indonesia and other countries have imposed tariffs on imported goods and sea freight continue to rise sharply, the RMB exchange rate fluctuations and other factors make Chinese enterprises start yarn procurement more cautious, there will be no big action in the short term.

Source: Global Textile Network