The Atmosphere Of The Outer Yarn Is Light.

According to the traders in Guangdong, Jiangsu, Zhejiang and other places, since July, the inquiry and shipment of "futures yarn", bonded and clear cotton yarn continued to be sluggish and difficult to fall. Vietnam's yarn, India and Pakistan yarn and other foreign exchange trading atmosphere were weak. In the month of 5/6, the "OE8S-OE21S" yarn, "C32S" and "C32S" high package bleaching yarn and Pakistan 10S and siro spinning also opened up a "landslide" pattern.

A medium-sized importer in Qingdao said that by the middle of July, most of the trade enterprises operating India gauze, Pakistan yarn, Central Asia yarn (Uzbekistan, Turkmenistan, Azerbaijan, etc.) had a relatively high inventory pressure, and shipments and withdrawal of funds were difficult. Downstream factories, middlemen, and garment factories were not enthusiastic about signing up for 9/10 months' shipment.

Analysis of the industry, on the one hand, more than a week after the ICE cotton futures again diving, the main contract opened before the low 64.70, hit a new low since mid June 2016, but the adjustment of the quotation of cotton yarn outside India, Pakistan and Vietnam is obviously lower than ICE, the buyer's sentiment is stronger; the other side follows the Zheng CF1909 contract, breaking down 13000 again, close to the former 12720, the domestic cotton yarn ex factory price and the market price "crash" risk increases greatly; and the traders stay at the cost line, the resistance leads to the expansion of the price difference between inside and outside cotton yarn, and the competitiveness of the external yarn is declining.

From the survey, China's main port OE10S, C21S, C32S and JC32S Pakistan Dachang brand yarn quoted price is in 1.58-1.60 US dollars / kg, 2.56-2.58 dollars / kg, 2.81-2.82 dollar / kg and 2.93-2.95 dollar / kg (all futures yarn), with the same number of quality indicators India yarn quotation slightly higher 0.02-0.03 dollar / kg, but both are weak callbacks. First, according to the free trade agreement between China and Pakistan, since July, Pakistan has introduced "zero tariff" into the Chinese market. Compared with India and Central Asia yarn, the price advantage is obvious. Two, from the feedback of cloth factories and middlemen, apart from siro spinning, OE yarn, C21S-C40S yarn stability, quality index and supply capability are still somewhat different from those of India and Vietnam mills (most of Pakistan mills are small and cotton and cotton are the main ones). Three, the recent continuous appreciation of the Pakistan rupee has led to a weak competitiveness of quoted prices such as FOB and CNF.