The Yarn Is Still Unsalable. Textile Enterprises Plan To Take A Holiday In Advance

Last week (November 25-29), market changes remained stable, and all parties were mainly wait-and-see. The raw material market rose, textile mill orders were still not ideal, and yarn was mainly stable.

Cotton raw materials. Zheng Mian continued to oscillate, rising slightly during the week. On November 30, Xinjiang cotton's warehousing slowed down due to the decline in quality, but the purchase price of seed cotton in southern Xinjiang is now stable, with the lint percentage of 40-42% quoted at 6.20 yuan/kg; The price of lint is stable, and the price of hand picked cotton in South Xinjiang is 13400-13800 yuan/ton (picking, gross weight, with ticket), and the public settlement price is 13000-13400 yuan/ton; The price of cotton in the mainland rose slightly, but the market performance was relatively cold, and all parties were in a strong wait-and-see mood. The mainstream purchase price of seed cotton in Shandong, Hebei and other places was 2.9-3.1 yuan/jin (38-40% lint, white color, 27-28mm in length), the lint price was 13100-13300 yuan/ton, and some lint with special quality was 13500 yuan/ton. The market transaction activity was limited.

Other raw materials. Polyester staple fiber market is mainly stable. On November 30, the 1.4D * 38mm polyester staple fiber in Jiangsu and Zhejiang provinces reported 7060 yuan/ton. Compared with the previous week, the price did not change much, the sales volume was fair, and large orders could be negotiated according to the volume. Viscose staple fiber prices rose. 1.5D * 38mm viscose staple fiber is quoted at 11200 yuan/ton, 1.2D * 38mm viscose staple fiber is quoted at 11100 yuan/ton, which is 300-400 yuan/ton higher than that of the previous week. The ex factory price includes tax, and large orders can be negotiated according to the quantity.

Pure cotton yarn. According to the person in charge of a textile enterprise in Jiangsu and Zhejiang, there are many enterprises planning to have a holiday in the first ten days of January 2020, but there are also many enterprises planning to have a holiday in December 2019. Compared with the same period last year, most manufacturers have a holiday about 15 days before the Spring Festival, while this year some enterprises have advanced their holiday plans to about 30 days. According to the market analysis, the main reasons why textile enterprises plan to take a holiday in advance this year are: first, to ease the financial pressure, second, to reduce inventory, and third, the Spring Festival this year is earlier than previous years. At present, the yarn cost is high and the order pressure is high. On November 30, a factory in Shandong Province quoted a price of 19600 yuan/ton for 21S high configuration pure cotton knitting yarn, while the current price of 20800 yuan/ton for 32S high configuration pure cotton knitting yarn was the same month on month.

Other yarns. Polyester cotton yarn is in the down channel, with a range of 300 yuan/ton. On December 1, the price of ring ingot T/C 65/35 32S of a factory in Shandong was 15300 yuan/ton, 300 yuan/ton lower than the previous day; Ring ingot T/R 65/35 32S quoted 13600 yuan/ton, down about 300 yuan/ton.

Imported yarn. According to the traders' feedback, the quotation of Vietnamese yarn, Central Asian yarn and Indonesian yarn is weak (CIF or CNF quotation) in the last week or more, and the number of black yarn shipped, arrived at Hong Kong and entered the bonded warehouse has increased significantly. Since November, India's JC30 cotton yarn export quotation has increased by 20 cents/pound, to 2.65 dollars/kg, or 8.2%. The price difference with its main competitors Vietnam yarn and Pakistan yarn has widened again. On December 1, the stock of outer yarn at the port increased to about 100000 tons.