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The Epidemic Affects The Consumption Of Cotton, Cotton And Cotton All Over The World.

2020/3/12 11:02:00 0

Epidemic Situation Global Cotton Cotton Yarn Consumption

According to feedback from Cotton Traders in Guangdong, Jiangsu, Zhejiang and other places, the quotation of cotton yarn outside India, Pakistan, Vietnam and other places continued to drop more than before in early March. There were obvious signs of enquiry and turnover in the late spring, especially in India, where the cotton yarn was greatly depreciated by the rupee against the US dollar, the domestic cotton yarn consumption in India was sluggish, and the price of imported cotton declined sharply, resulting in a decline in the cost of the cotton mill. The FOB and CNF quotations have been reduced slightly.

Although more than a week ago, ICE cotton futures contract fell below 62 cents / pound, close to 60 cents / pound pass, import "futures yarn" quote "drop and drop again", domestic downstream weaving, clothing and foreign trade companies resumed production and speed up progress continuously, but traders signed 4/5/6 months shipping date is still somewhat hesitant and cautious, only C20S-C32S high demand bleaching cotton yarn demand stage return. Warm (including knitted, jet or rapier gauze), 12/1 shipped better OE yarn, 8S-16S siro spinning, "volume price" double drop.

Why are Chinese textile factories and traders interested in signing "futures yarn"? Industry analysis has the following points:

First, with the outbreak of the new crown pneumonia in more than 100 countries, China's textile and clothing exports suffered another round of exams after the Sino US trade war. A Shanghai foreign trade company said that in February, Italy, Germany and Spain first reduced the number of 40%-50% orders, and then informed the order that the order had not been cancelled, and the delivery was postponed.

Two, downstream enterprises such as weaving, printing and dyeing, although the rate of return to work is relatively high (especially in coastal areas such as Jiangsu, Zhejiang and Shandong), the proportion of re production is generally low, and since the middle of February, the main order is to complete the order before the Spring Festival.

The three is the breakdown of the OPEC+ negotiations on the expansion of production cuts and the sharp increase in the global economic uncertainty caused by the new crown epidemic. The consumption demand of the global cotton and cotton yarn is shrinking. ICE has fallen below 60 cents per pound or even 58.84 cents / lb. The buyers are worried that they are not at the bottom of the yarn but the waist or even the shoulders.