The Export Of "Futures Yarn" Has A Rebound Trend, And Vietnamese Yarn Exports Slow Down.

With the ICE cotton futures oscillating space contraction, the domestic cotton cotton yarn price stabilizes first and the expected arrival of the peak season of textile and apparel market in 8/9/10 month, the price of Port Bonded and futures yarn has been stable throughout the past week, and the price quotas for clearing cotton yarn have been arranged sideways. Traders' panic and uneasiness have eased slightly.

Cotton yarn importing enterprises in Qingdao, Jiangsu, Zhejiang and other places indicated that the current domestic trading is still mainly cotton yarn with C32S and below (including OE yarn), and 40S and above combed, combed and compact spinning inquiry and shipment are relatively light, and "poor intentions" to describe it very well; however, the trading of "futures yarn" on the outside market is much more active than in June, especially India OE21S, C21 and C32 high package bleached yarn, although the FOB/CNF quotation shows "resistance", the situation of signing and ordering is getting warmer.

However, Vietnamese yarn imported from the "leader" has not been sustained since mid June (Viet Nam cotton yarn Association statistics). In June 2019, Vietnam exported 126 thousand and 900 tons of cotton yarn and 14% reduction in the ring ratio. According to the customs statistics of China, the import of cotton yarn in June also dropped by 19.9% compared with the same period last year. The domestic traders also responded, and the attention of the Vietnamese cotton yarn in bonded and customs clearance continued to decline due to the downstream weaving factories, garment factories and intermediaries.

"Side attack" made India yarn gradually get rid of unfavorable competition environment. On the other hand, with the decline of delivery quality of cotton and Brazil cotton in 2018/19, the cotton grading, cotton yarn index and stability in the Vietnamese cotton mill also showed a decline. The supply of C21-C40S cotton yarn "no package floating" increased. Moreover, with the increase of the proportion of small weaving enterprises and small garment factories in China, Jiangsu, Zhejiang, Guangdong, Shandong, Henan and other places, the production capacity was low, the cotton blending was unstable, and the demand for non brand Vietnamese yarn continued to decline (Vietnam had more than 20 thousand spindles). Industry analysis, on the one hand, in the past two months, the quotations on the outside market "more stable yarn, lower yarn", the two price gap has been narrowed, plus the "India rupee depreciation" side.