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Can The Market Digest The Accelerated Rise Of Cotton Yarn?

By admin / Date Sep 10,2021
According to the feedback from cotton mills in Jiangsu, Zhejiang, Shandong and other places, affected by the sharp rise of Zheng Mian and Zheng yarn and the rising price of imported cotton yarn since late July, the ex factory price of cotton yarn and the quotation in various light textile markets have opened the upward adjustment mode, with a range of more than 500 yuan / ton, including a slightly smaller increase in OE yarn and low count ring spinning, and a slightly larger adjustment in high count yarn of 50s and above, Textile enterprises quickly transfer the rising risk of raw materials to grey cloth, fabrics, clothing and other consumer terminals.
A cotton yarn trader in Shaoxing, Zhejiang Province said that due to the wide fluctuation of Zheng Mian and Zheng yarn and the heavy rainfall in Henan and other provinces, the order receiving of cotton mills was greatly affected. The enthusiasm of cotton mills and cotton traders for external quotation was not high, and the wait-and-see mood prevailed. In the past two days, the quotation of domestic c32s medium and high-pressure automatic distribution has generally increased to 27200-27500 yuan / ton, an increase of 600-700 yuan / ton compared with the first ten days of July, which is significantly weaker than the increase of Zheng yarn and Zheng cotton.
From the survey, weaving, fabric factories and middlemen in Jiangsu, Zhejiang, Guangdong and other places have limited ability to digest the rise of cotton yarn. With the increase of quotation by cotton mills and cotton yarn traders, in addition to the relatively active inquiry and transaction of oe21-oe32s, the shipment of conventional yarn of 40s and below continues to slow down. Home textile 40s / 60s rose rapidly, and most enterprises owed goods for more than one month.

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