Gauze meets the cold of late spring
Gauze meets the cold of late spring
According to the feedback of some cotton textile enterprises in Jiangsu, Shandong and other places, since the middle of March, in addition to the production and sales of 50s and above high count combed and combed yarn are still relatively smooth, the sales of 40s and below ring spinning and rotor spinning are significantly slower than those in January and February, and the wait-and-see atmosphere of cloth factories, fabrics, clothing and other consumer terminals is relatively strong, and the accumulation of stock is becoming more and more prominent, no matter in the light textile markets in coastal areas or in Indian ports The quotations of yarn from Pakistan, Vietnam and other countries have been revised back, and the confidence of the downstream of the industrial chain has been shaken.
A medium-sized yarn mill in Zibo, Shandong Province, said that although the quotation of 40s and above plain combed yarn and combed yarn decreased by 1000-1200 yuan / ton as a whole compared with the middle and late February, and the quotation of 50s and above high count yarn decreased by 1500 yuan / ton, the weak trend of inquiry and purchase of 40s and below cotton yarn by customers is hard to stop. On the one hand, Guangdong, Jiangsu, Zhejiang, Shandong and other textile market traders not only have a large price reduction, but also purchase "a small amount, multiple batches, high requirements". On the other hand, with the high diving of Zheng Mian cf2105 contract, the spot prices of cotton and cotton yarn continue to drop. In January and February, the contract execution of cloth factories and textile and clothing enterprises with high price signing slowed down, and some customers even asked for more Late delivery, delivery on credit. The company said that before the middle of April, it still focused on completing the early orders. In order not to reduce production, lay off staff, and ensure employment, it considered appropriately increasing the inventory of some c26s-40s conventional combed yarn, and taking the measures of "receiving with orders and stopping without orders" for 60s and above high count yarn to reduce the pressure of working capital.
With zhengmian cf2105 contract back to 15000-15500 yuan / ton consolidation, some cotton textile enterprises think that the cotton yarn and grey cloth market is not far from the bottom. At present, the "Yin drop" is mainly caused by the price and confidence "overdraft" caused by the sharp rise and fall of cotton futures in February and March. The industrial chain needs time to repair.
Market participants believe that the current positive factors still exist. First, although the high-level meeting between China and the U.S. was fierce and did not give in to each other, the press conference after the meeting stated that Sino US relations did not continue to deteriorate, and both sides were exploring each other's bottom line. Second, with the global vaccination of new crown vaccine and the continuous improvement of the epidemic situation in Europe and the United States, the economy, trade, transportation and other difficult recovery, spinning and clothing consumer demand“ The "dark moment" has passed; the third is that the US Federal Reserve continues its ultra loose monetary policy to aggravate the global inflation pressure; the fourth is that the central bank's monetary policy is not a turn, but a phased tightening, with a high probability of releasing liquidity from March to April.
The spring of our textile yarn enterprises is coming.