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Demand for imported yarn declines in China

Yarn traders in Guangdong, Jiangsu, Zhejiang, etc say demand for imported cotton yarn over the past week have declined. Demand for yarn from countries like India, Vietnam, Pakistan and other national combed yarn, OE yarn fell slightly larger than the high combed yarn due to its unsatisfactory shipping

Some cotton yarn importers and middlemen have been on the brink due to increasing prices in recent years. However, prices have fallen below 58 cents / pound with the ICE cotton main contract with the price of cotton yarn CNF (or FOB) dropping more than ever in Vietnam, India and Pakistan. On the other hand, Zheng cotton has fallen below 11,500 yuan / tonne, and the downstream textile and garment enterprises have resumed their work and resumed production.

The progress is relatively slow (the main consumer group of imported cotton yarn is small and medium weaving enterprises in coastal areas), and domestic cotton yarn is only a flash in the pan. Since March, a small diving mode has been opened. Up to now, OE yarn has been lowered by 200-300 yuan / tonne, and the price of the ring combed and combed yarn has dropped by 300-500 yuan / tonne.

 
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