Imported Yarn Is Sluggish, Vietnamese Yarn "Curve Saving The Country"

According to the cotton and yarn trading enterprises in Jiangsu, Zhejiang, Guangdong and Fujian, since the late May, the inquiry and shipment of bonded and clear cotton yarns have not been further warmer. They are in a certain degree of contrast with the continuous growth of domestic OE yarn, C40S and below ring spinning demand and consumption. 50S and over India, Vietnam combed yarn and carding yarn have been left behind.

It is worth noting that in addition to Pakistan OE yarn, 8S-16S siro spinning and 20S-C32S high package bleached yarn, there are some signing purchases, and the inquiry and order for India, Central Asia yarn (Uzbekistan, Turkmenistan, etc.), Indonesia and Thailand yarn in 7/8 months are not optimistic.

Qingdao, Hangzhou and other importing enterprises said that as part of Vietnam's small and medium size mills reduced production or even shut down 5/6 months, plus ICE cotton futures contract continued in 57-60 cents / pound body consolidation, resulting in Vietnamese yarn cost, CNF or FOB quotation remains high. In order to avoid the risk of contract execution in the later stage, not only the Chinese buyers pay attention to, but the focus of the inquiry is adjusted to the spot of the bonded warehouse or the futures cotton yarn.

A 30 thousand ingot mill in Vietnam believes that since the middle of April, Chinese enterprises have signed a large number of contracts to import 2019/20 cotton, and with high quality, high grade and high spinnability, the pressure of US cotton supply in the international market with 1-1/8 length and over 28GPT strength has increased. In order to ensure the stable quality of cotton yarn in 6-9 months and enhance the competitiveness of the international market, some of the Vietnamese mills or the purchase of quotations from the United States or cotton mills are increasing. Turning to signing high quality imports of Brazil cotton, West African cotton and Central Asian cotton, the Chinese enterprises will compete with Chinese enterprises in "positive front".

For the import and export of cotton yarn inside and outside the inquiry, lack of motivation and confidence in the enterprise, the reasons for the industry are relatively weak. First, in the 4 and May, the domestic textile market is not retaliatory consumption, and the downstream weaving and garment enterprises' recovery is relatively slow. According to the Convention, the domestic market will enter the off-season in 7-8, and the two is that although Europe and the United States have pressed the economic start button, there are also few. Volume export orders arrived, but Sino US relations once again entered a tense and delicate period. They did not rule out the possibility of trade, political or even military confrontation. Three, with the V reversal of US stocks, the pressure of RMB devaluation increased abruptly, and the cost of imported cotton and cotton yarn increased. From the evening of May 27th to the early morning of 28, the offshore RMB was once derogatory for 500 points, and the exchange rate hit a low point in the past 9 months.