Orders fall to freezing point yarn market continues to fall
Orders fall to freezing point yarn market continues to fall
Last week (March 30 April 6), the global epidemic spread further and market panic increased. Cotton prices fluctuated and yarn orders continued to drop to freezing point. The company has been unable to bear the heavy pressure and has successively lowered the yarn price.
Cotton raw materials. Zheng cotton low range oscillation, domestic cotton sowing work has been launched. Due to the boost of the target price of 18600 yuan / ton in 2020, the market confidence is greatly increased. It is expected that the cotton planting area in Xinjiang will remain stable this year, while the area in the mainland will continue to decrease due to industrial adjustment and income and other factors. As of April 6, 2019 / 20 "double 28" (less than 2.5% miscellaneous) main quotation basis of local machine picking cotton in Northern Xinjiang is cf2005 + (400-600) Xinjiang warehouse, with less resources of the same low quality basis; long staple cotton quotation dropped sharply, 137 main quotation was around 20700 yuan / ton, down more than 500 yuan / ton compared with the previous week.
Other raw materials. As of April 6, the main quotation of 1.4d * 38mm direct spinning polyester staple fiber in Jiangsu and Zhejiang was 5200-5300 yuan / ton, 400-500 yuan / ton lower than the previous week. Since March, the quotation of polyester staple fiber has fallen by nearly 2000 yuan / ton, with a sharp decrease in sales. The quotation of 1.5D * 38mm viscose staple fiber in Jilu area is 9000-9200 yuan / ton, which is 300 yuan / ton lower than the previous week, with general sales.
Pure cotton yarn. With the rapid spread of the global epidemic, more and more countries began to "shut up" to fight the epidemic, and the number of yarn orders fell to the freezing point. The purchase and sale in the domestic market is cold, and the enterprise reduces the price to inventory. It is understood that downstream orders in Guangdong, Fujian, Jiangsu, Zhejiang and other regions were broken more frequently, and enterprises suffered huge losses. At present, most of the market transactions are based on rigid demand, and some enterprises reduce production capacity or even take holidays to reduce pressure. On April 6, the quotation of 21s and 32S of a factory in Binzhou, Shandong Province was 18200 yuan / ton and 19000 yuan / ton respectively, 400-500 yuan / ton lower than the previous week. The price of oec12s in a factory in Henan Province was about 15000 yuan / ton, down 300 yuan / ton compared with the previous week. High count and high density yarn is also under the pressure of less orders and sluggish consumption. A factory in Jiangsu closely spun jc80s arrived at 35200 yuan / ton with tickets, down 500 yuan / ton compared with the previous week. The market is extremely pessimistic, and the textile market may face a new round of reshuffle.
Other yarns. On April 6, the price of 32S pure polyester yarn in Hebei and Shandong dropped to 10000-10200 yuan / ton, about 700 yuan / ton lower than the previous week; the price of r30s ring spinning of human cotton yarn was 14000 yuan / ton.
Imported yarn. Affected by the epidemic situation, there were fewer transactions and lower prices of imported yarn discs. At present, the after tax price of port Indian yarn c32s is 19600 yuan / ton, and that of jc32s knitting is 22000 yuan / ton