The Rise Of Domestic Cotton Has Given India Pakistan The Opportunity To Take Advantage Of It.

From the feedback of the main ports, the number of bonded cotton yarn that has arrived in India and expected to arrive in October will continue to increase. It will reach 7.5-7.8 million by the end of October, and the top producers in India, Vietnam, Pakistan, Indonesia and other places will be in the forefront.

It is worth noting that compared with Vietnam, Central Asia high count yarn, combed yarn shipment and the number of arrivals, the C32S air jet and rapier gauze in India showed a marked decline.

On the one hand, China and Bangladesh and other buyers have strong expectations for India's domestic cotton prices and cotton yarn export prices to slump sharply (the difference between Chen cotton S-6 and new cotton reached 7-8 cents / pound), and began to delay or reduce orders in the middle of September. Recently, the quotations of cotton yarn FOB and CNF of India cotton mill increased substantially by 0.20-0.25 dollars / kg, which was boycotted by the buyers. On the other hand, the quality of India yarn had no advantage over Vietnamese yarn and Uzbekistan yarn, leaving only the advantages of large scale cotton mill and single supply capability.

According to the survey, since mid October

Guangdong and other markets except JC21, JC32, JC21/2 and JC32/2 imported yarn are more active in inquiry and paction. Pakistan C21S and India jet spinning C32S yarn are shipped relatively fast.

India, Uzbekistan, Vietnam, Indonesia and other origin C40S cotton yarn is weak, Guangdong market Pakistan 8S-16S siro spinning supply adequate, stable demand.

Industry analysis, on the one hand, from the end of September to the middle of October, there are a number of low price contracts for India and Vietnam to arrive in Hong Kong, mainly from mid August to mid September.

The CNF price of C321 and C32S yarn is 2.45-2.50 cents / kg, 2.55-2.60 cents / kg, the cost is obviously lower than that of the previous bonded area, and lower than the middle of October, the India yarn CNF offer 0.10-0.15 cents / pound, traders selling quotation is slightly lower than the market.

On the other hand, domestic orders show a gradual warming.

Some fabric factories, garment factories and trading companies increased their start-up rate to 80%-90%, and the demand for imported combed yarn and three packages of quality (package dyeing, package bleaching and packaging machines) was better. In addition, in the past half a month, domestic C21-C40S cotton yarn was promoted by passive price increase of 300-500 yuan / ton, which gave India Pakistan yarn the opportunity to take advantage of it.

On October 15-18, the CNF quotations of C21S A, C32S A and JC32S A yarn in India, Qingdao, Zhangjiagang and Guangzhou ports were 2.62-2.65 dollars / kg, 2.75-2.80 dollar / kg, 2.90-2.95 dollar / kg, the increase rate of combed yarn such as JC21S and hedge yarn was lower than that of combed yarn, while the quotations for the yarn were lower than that of the India yarn.

It is reported that

Pakistan's domestic cotton price dropped to 68.50-72.70 cents / pound, and the price of cotton yarn FOB and CNF declined continuously in the middle of October. The quality of the brand yarn and the quality of the factory was adjusted to about 0.03 US dollars / kg.

The cotton yarns of Uzbekistan and Turkmenistan are also concerned by Chinese weaving factories and traders.

First of all, yarns are mainly high count combed yarn, mainly C32S and C40S. The quality of cotton is basically close to Xinjiang cotton. The index of spinning and blending cotton is higher than that of India and Pakistan. Secondly, the price of CNF is lower than that of the same India yarn 0.04-0.05 USD / kg, which is lower than that of Vietnam's air-jet spinning 0.06-0.08 US $/ kg.