Textile Industry "Gold Nine Silver Ten" Confidence Suffered Torture

Qingdao cotton traders said that due to the low price of reserved cotton in 2020, the proportion of small and medium-sized weaving factories in coastal areas to cut production and stop production is rising, coupled with the epidemic situation and the deterioration of Sino US relations, traders and middlemen have greatly reduced their expectations of "gold, silver and ten" in the textile industry, and dare not hoard goods. Therefore, the quotation of cotton yarn for customs clearance has been falling along with the domestic yarn, and their confidence has been suffering.

 

      Textile mills and middlemen in Henan, Shandong and other places believe that there are three main reasons for cotton yarn traders' unwillingness to substantially reduce prices and run goods: first, the cost of cotton yarn imported by some traders is too high (the signing time is mostly in December to February), and the current shipping loss is generally more than 2000 yuan / ton. Clearing the warehouse means out of the game. Therefore, most of the low-cost contracts are signed in stages to reduce the cotton yarn Second, we are full of expectation for the coming "golden nine silver decade". We believe that the compressed domestic demand and foreign trade orders from June to August will be released in retaliation. The key point is whether the prevention and control of the new crown epidemic in China will be effective by the end of September, and the downstream weaving, clothing and export will return to production with all efforts; third, affected by the sudden epidemic situation, the tightening of Sino Indian and Sino US relations, some of them are affected Before the end of July, the buyer's cotton yarn was cancelled before the contract was signed, so the buyer's inventory mode was not highlighted.

 

It is understood that recently, not only the bonded and customs clearance of India's combed yarn of c32s and above have fallen into a semi stagnant state (including compact spinning), but also the inquiry and contract signing of India's OE yarn are not ideal, and the quotation of US dollar and RMB shows an oscillatory downward trend. The industry analysis is related to the tension between China and India, the outbreak of new crown epidemic in India, and the cotton blending, quality and consistency decline and delayed supply due to high raw material prices.