According to feedback from cotton yarn trading companies in coastal areas such as Guangdong, Jiangsu, Zhejiang, and Fujian, as weaving, fabric, and clothing factories gradually resumed work and production in mid-to-late February, and middlemen resumed operations, Inquiries and pickups. Since last week, the shipment of bonded and customs-cleared imported yarns at ports has gradually started, and inquiries for futures yarns have also increased. But overall, due to the recent large increase in FOB, CNF and CIF quotations of cotton yarns from Indian yarn mills (generally reaching 10-15 cents/kg), the price increases of Vietnamese yarn, Pakistani yarn and Indonesian yarn are slightly lower, especially in Pakistan. In addition, after the holiday, polyester-cotton yarn and CVC yarn produced in Vietnam, Indonesia and other places were gradually traded in small quantities. The spot supply was slightly tight in some places, and importers were more willing to raise prices slightly.
From the survey, the arrival volume of Uzbek cotton yarn in Shandong, Hebei, Zhejiang and other markets continues to increase before the Spring Festival. Although ICE cotton futures rose sharply during the Spring Festival, China Driven by the tight spot supply of Asian cotton, Uzbekistan yarn mills and cotton yarn trading companies have increased their cotton yarn quotations, but the increase is significantly weaker than Indian yarn and Vietnamese yarn. Therefore, some low-priced C21S-C40S Uzbekistan yarns are acceptable for shipment. It mainly purchases towels, home textiles, bedding, shirts and other enterprises. A weaving factory in Tai’an, Shandong Province, said that in addition to the relatively low post-holiday price increase of Uzbek yarn, ordering, shipment and delivery were timely and the cotton yarn was almost 100% Central Asian cotton (not much different from Xinjiang cotton). The effect of dyeing or blank dyeing is good, and it has strong substitutability compared with Xinjiang cotton yarn.
A light textile company in Shaoxing, Zhejiang said that although the price of imported cotton yarn in both US dollars and RMB rose sharply after the Spring Festival, and the inversion of domestic cotton yarn was larger than before the Spring Festival, but Considering factors such as the foreign trade orders for cotton textiles and clothing in February and March (significantly better than the same period in 2023), the reserve foreign cotton rotated out in 2023 has been basically consumed, and the inventory of downstream terminal raw materials is insufficient, traders are not in a hurry. Increase shipment efforts. </p
