Cotton Yarn Quotes "Strong Inside And Outside Weak" Pattern Forecast The Outer Yarn "Consignment Volume" Will Show A Downward Trend.

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Cotton Traders in Zhejiang and Shandong showed that domestic cotton yarn prices were relatively weak in late October, and the cotton spot market was depressed. The price of CIF, CNF and the RMB quotas after customs clearance remained stable.

Traders and importers are relatively calm, and wait-and-see sentiment is the main body.

一方面受印度CCI在各产区展开大规模棉花收储，且MSP价格较2014年度上涨50卢比/公担(按当前卢比汇率，MSP收购价为64.5美分/磅左右)，加上美国主产区遭遇降雨、棉花采摘进度减缓以及中国新疆棉区不仅总产大幅下滑，高品质皮棉的供应量至少减少30%以上，引发ICE持续在61-64美分/磅厢体内盘整;另一方面受巴基斯坦30%纱厂倒闭及企业罢工的影响(巴基斯坦政府对进口棉纱税收上调10%，印度纱厂和出口商欲上调棉纱出口价格导致一些提前订单面临执行困难，而TPP协议的达成，使越南企业获得同日本、新加破等国一样待遇，出口美国的障碍被扫清，因此越南纱厂、布厂和服装厂开始布一个更大的“局”，一些中国贸易商预测12月份以后外纱的“寄售量”将呈逐渐回落态势。

The price of cotton yarn is better than that of India and Pakistan for 200-300 yuan / ton, while the price of domestic cotton yarn is adjusted by 100-200 yuan / ton, while the price difference between domestic and foreign cotton yarn is about 800-1000 yuan / ton. The whole market has two obvious characteristics: first, the arrival rate of JC21, JC26, JC30 and JC32S yarn is more obvious than that of earlier growth; however, the delivery volume of cotton yarn arriving in Pakistan, Thailand, Indonesia and other places is lower; secondly, the willingness of Chinese importers and middlemen to clean their cotton yarn is not strong, and the quantity of cotton yarn quoted by the renminbi is reduced. The main reason is that the RMB exchange rate fluctuates more frequently and buyers and sellers' "no tickets" pactions increase. In late October, China's main ports, India, Pakistan, C21S and C32S prices were stable at 17200-17500 yuan / ton, 18800-19200 yuan / ton; Vietnam origin C21S, C32

On 25 and 26 October, CIF quotations from OE10S, C21S, C32S and JC32S in India port of Qingdao concentrated on 1.53-1.55 dollars / kg, 2.12-2.15 dollars / kg, 2.42-2.45 dollars / kg, 2.68-2.72 dollars / kg, the quotation was relatively strong, and the enthusiasm of the mills and exporters to adjust prices was not high.

Analysis of an importer in Guangzhou, the current yarn market is also the same.

The market has the same pattern of "external strength and internal weakness". The price of cotton and cotton yarns in India and CCI cotton enterprises is stable, but ultimately depends on the trend of cotton prices in China and the affordability of the Chinese buyers.

It is understood that as of the end of October, the number of bonded yarn outside China's main ports will exceed 100 thousand tons, and some foreign businessmen and middlemen will estimate 10.2-10.5 million tons.

At present, 32S, 40S, 50S Combed Yarns and high spun yarns in port or spot shipment are still mainly products of Chinese enterprises set up in Southeast Asian countries. The proportion of foreign cotton mills without Chinese background is not high. According to statistics, the quality, CV value and various indexes of combed and carded yarns under 40S and below are not lower than those of domestic yarns. According to statistics, the quality of cotton and yarn such as India and Pakistan and other cotton yarns are relatively easy to dye and strong, so the cotton yarn position less than 40S will be totally occupied for 50% years.