India, Vietnam And Indonesia'S Yarn "Consignment" Enthusiasm Continues To Rise.

Traders in Qingdao, Zhangjiagang, Guangzhou and other places reflected that since the end of December, import and export of C21S, C32S jet and rapier yarns have been weakened, especially in some small and medium size mills such as Vietnam and Pakistan. The shipment of ring spinning below 40S is more obvious than that in early December, while Pakistan produces C10S-16S

Because of the high domestic cotton prices and energy shortage, some cotton mills have been cut down and the cost of shipping has increased. The price of 0.02-0.03 has been raised by the US dollar / kg. However, the Chinese textile mills and middlemen have strong feelings of resistance, not only the purchasing volume has declined significantly, but also the actual paction price is "easy to fall and difficult to rise".

According to customs statistics, China imported 178 thousand and 800 tons of cotton yarn in November 2016, an increase of 12.13% over the same period last year, an increase of 27.06% over the previous month, the first year-on-year increase since 2016. In 2016 of 2016, China imported 1 million 770 thousand and 600 tons of cotton yarn, down 17.99% from the same period last year, and 324 thousand and 100 tons of cotton yarn exported, an increase of 3.47% over the same period last year.

And our country

There are two phenomena to echo the increase in imports. First, as of the end of December, the number of foreign yarn that our main port has bonded and cleared has not been pferred to 9.2-9.3 million tons. It is not expected that the end of the month will exceed 95 thousand tons.

At present, India, Vietnam and Indonesia's yarn "consignment" enthusiasm continues to rise; two, in November, Vietnam, Indonesia and other countries yarn exports increased significantly.

Among them, Vietnam exported 100 thousand and 800 tons of yarn and 77 of India's cotton yarn exports accounted for 39.8%, while Bangladesh and Pakistan accounted for only 12.7% and 3.4% of cotton yarn.

As for the decline of import cotton yarn activity and the reduction of shipment, the reasons for the analysis are as follows:

1. With the rapid growth of the quantity of seed cotton and lint in India, the factory price of S-6 has been reduced to 70-71 cents / pound. The quotation of OE yarn and C21-C40S "futures" yarn of the cotton mill has been greatly reduced compared with the quotation of the current Chinese main port's external yarn (CNF price difference reaches 0.04-0.05 USD / kg).

Two. Since the middle of December, the impact of the decline of the price of Zhengzhou and cotton has been in China.

The quotation has been gradually reduced from strength to strength, and the factory price of cotton yarn from C40S and below cotton mills in Hebei, Henan, Shandong and Jiangsu and Zhejiang provinces has been reduced by 100-300 yuan / ton, and the difference between domestic yarn and imported yarn such as India, Pakistan and Vietnam has been adjusted to 700-800 yuan / ton from late November to 1000-1200 yuan / ton in mid December, and the competitiveness of domestic low count yarn has been restored.

Three, weaving mills and middlemen are less motivated to enter the market before the Spring Festival.

On the one hand, buyers such as cloth factories have high hopes for the opening of the national cotton store in March 6, 2017. It is considered that not only the volume of the launch is sufficient, but also the bid price and the actual paction will be significantly lower than that of the current cotton spot; on the other hand, because the cost of foreign yarn coming from late November is relatively high (the CNF contract price of C32S yarn is generally 2.66-2.72 yuan / kg), traders and middlemen are hard to say profits and shipments slow down, and the phenomenon of holding funds is prominent.

Four, the fluctuation of the RMB exchange rate and the depreciation cause the cost of imported cotton yarn to continue to rise.

With the US Federal Reserve raising interest rate and the US dollar index rising trend, the depreciation of the RMB is likely to accelerate.

In December, the Fed meeting indicated that the US could raise interest rates three times next year, indicating that the Fed's monetary tightening has accelerated.

At the same time, there is still downward pressure on China's domestic economic growth.

In November 23rd, the central parity of RMB against the US dollar was 6.9463, a step away from the 7 pass.

Therefore, some agencies and media analysis does not exclude the possibility of a significant devaluation or short-term devaluation of the RMB. China's import and export business will be affected and impacted.

For more information, please pay attention to the world clothing shoes and hats net report.