According to many cotton traders feedback, 11 / December arrival in India, Pakistan cotton yarn inquiry, signing more active, cloth factory, fabric mills and garment factories to India and Pakistan cotton yarn prices, quality and stability arrangements and timetable quite satisfactory, The prices of FOB and CNF for C21 A and C32 A Indian jet yarns and rapier yarns continued to rise. Some weaving factories and middlemen in Jiangsu, Zhejiang, Shandong, Henan and other places said that the price difference between domestic and foreign cotton yarns of 1000-1200 yuan/ton made the purchasers have to "discard the use of foreign oceans", but signed contracts with Indian and Pakistani cotton yarns since late October. shipment, delivery, compared lively situation, Vietnam yarn exports to China is somewhat deserted, bonded inventory, continued to show a slight rise in 2016, a few months after the Vietnamese imports could surpass Pakistan yarn yarn debatable. It is reported that some traders who operate Vietnamese yarn and Uzbekstan yarns said that they will reduce or suspend the import of Vietnamese yarns in November and December, and instead try to produce high-intensity printing and dyed yarns of C20S or above, especially the large-scale manufacturers of bags and dyes. ) A+, A yarn. Why is Vietnam yarn suffering a cold reception in the Chinese market?
First of all, ICE has climbed new heights, and the cost of Vietnamese yarn and black yarn is high. Vietnam is a non-cotton country, spinning raw materials mainly come from the United States, Brazil, India and West Africa, Central Asia and other places of origin, compared to India, Pakistan and other textile traditional powers, in addition to labor, export policies and tax advantages, the cost of raw materials is actually Disadvantages. Since the beginning of November, the ICE disk of the December/January shipping period has been “de-squeezed wild horsesâ€. The main contract has risen from 67.70 cents/lb to 73.50 cents/lb. US cotton, Australian cotton, Brazilian cotton, West African cotton, etc. The quotation has also skyrocketed, generally at 4-5 cents/lb. The cost of Vietnamese yarn has only risen and fallen, while the S-6 price for the same 12/January schedule is lower than EMOT SM US cotton 5.5-6. Cents/lbs.
Secondly, India and Pakistan yarns are cheap and export competitive. Recently, the spot price of the port and the C32 jet yarn and C32 black yarn of the Vietnamese ship in the 1/2 month shipping period are 2.75-2.78 USD/kg and 2.70-2.72 USD/kg (CNF) respectively, while the Indian and Pakistani yarns are quoted. It is only 2.66-2.68 USD/kg, 2.62-2.65 USD/kg, lower than Vietnam yarn 0.10 USD/kg, and compared with Vietnamese yarn mills, Indian companies are large in scale, stable in cotton, good consistency in cotton yarn quality, return and exchange and quality claims more convenient. Of course, the impact of India’s new monetary policy on cotton and cotton yarn exports has gradually begun to manifest itself.
Third, the external environment is not conducive to Vietnamese yarn exports. First of all, Trump unexpectedly became the 58th president of the United States, Japan, Vietnam, Australia, Singapore and other countries "looking for the eyes of the TPP" basically stranded, and some US Congressmen said that they will not discuss this again during the year. Once TPP is rejected, the impact on Vietnam's textile and apparel and other markets such as the US, Japan and Australia is very important. Secondly, the renminbi continues to depreciate against the US dollar, which is not conducive to the import of cotton and cotton yarn by cloth manufacturers and traders. It fell in late New York on November 18. The situation has intensified, falling below the 6.9 mark and falling more than 100 points in a single day. Once again, the Indian yarn mill LC 90 days, LC 180 days of operation is more frequent and convenient than the Vietnamese yarn imports, and the dollar index rose above 100, the rupee took Weak, more conducive to the export of India and Pakistan.
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