Cotton, Cotton And Other Import Opportunities To The India Pakistan Market Need To Be Overcome.

According to cotton yarn traders and weaving enterprises in Guangdong, Jiangsu and Zhejiang, Shandong and other places, the import and export of C16S-C32S imported woven yarn and JC21-JC32S imported combed yarn continued to fade in early May, and the atmosphere of the highly active bonded India, Pakistan and Indonesia producing high count Combed Knitting Yarn and bleached C21-C32S yarn was weakened, and the actual paction price declined slightly. Foreign exporters and domestic traders adopted the strategy of "resisting resistance and shrinking steadily"; C8S-C16S Pakistan siro spinning market demand and paction price of Guangdong were relatively stable, but it is expected that the sales pressure of traders will be increased after the shipment of 5/6 month and the concentrated arrival in Hong Kong.

However, the Vietnamese yarn regardless of port spot or 5/6/7 month shipping schedule is obviously better than the India Pakistan yarn. The RMB quotation of C21S/2, C32S/2 and JC21S/2 and JC32S/2 even raise the price of RMB 100-200 yuan / ton, considering that Vietnamese yarn has higher cost performance and shorter pportation period than India and Indonesia, and the quality is universally recognized by Chinese weaving enterprises and middlemen. (Vietnam has a large number of small and medium size mills, and the bargaining space is large), so traders have to reduce or postpone the suspension of India yarn procurement and focus on Vietnamese yarn.

From the survey, the signing and closing of the India futures market yarn in 4-5 months continued to be cold and cheerless. Not only did China, Bangladesh, Pakistan and other cotton yarn import countries fall into wait-and-see and abandonment status, Korea, Japan and other Southeast Asian buyers also slowed down the signing rhythm, waiting for the further development of the cotton and cotton yarn Market in India, and the price adjustment was the consensus of many buyers.

On the one hand, India cotton yarn quotes FOB, CNF and CIF have not yet been cut down with cotton prices.

With the breakthrough of 5 million tons of new cotton in India in 2016/17, cotton prices in India have finally fallen since late April, but due to the low profits of the cotton mill and the strong exchange rate of the India rupee against the US dollar,

Export prices remain high, and the external bargaining space is very narrow. Yarn and cloth obviously drag the cotton hind legs. Buyers wait for the pmission of the industrial chain. On the other hand, the India government has decided to implement the GST nationwide unified consumption tax since July 1, 2017.

For cotton yarn,

It is a good thing that exporters and purchasers are planning to get a share of the profits from the cotton mill. In addition, the spot quotation, FOB or CNF quotation of the India cotton yarn port has been significantly higher than the same number of Vietnamese yarn (C32S knitting yarn price difference of about 0.07-0.10 USD / kg) since 3-5 months, but the quality, supply stability and cotton blending have almost no advantage, and they have handed over to China, Bangladesh and other countries purchasers to Vietnam, Indonesia, Thailand, South America, Central Asia and other cotton mills.

Qingdao, Ningbo, Guangzhou and other ports import C21S and C32S customs quotations of RMB 22000-22300 yuan / ton (Gao Pei, 22500 yuan / ton of package bleaching), 24000-24300 yuan / ton (Gao Pei, 24500-24800 yuan / ton of package bleaching), narrowing the price difference with the same domestic yarn to 1000 yuan / ton, and the difference between India C21-C32 and JC21-JC32S and domestic yarn is still 1200-1500 yuan / ton, which is still higher than that of domestic weaving enterprises and middlemen.

With the recent arrivals of cotton yarn and blended yarn in India, Pakistan, Vietnam, Indonesia and other shipments, the bonded cotton yarn stocks continue to increase slightly.

An international cotton trader and two large cotton traders estimated that by the middle of May, the bonded amount of bonded cotton or blended yarn could reach 8.0-8.2 million tons, and Vietnam, India and Pakistan yarn still occupy the top three.

Some institutions and

It is believed that the high opening rate of China's cotton yarn imports is expected to continue in 2017 (1-3 months in 2017, China's total import of 530 thousand and 200 tons of cotton yarn, an increase of 13.30% over the same period last year). First, it is affected by factors such as supply and demand, cotton speculation and main cotton production weather. High quality cotton tends to rise and fall.

CPI picked up the decline of PPI, narrowed the scissors gap between the two, improved the trade situation and maintained an increase in import and export. Therefore, it is expected that the fiscal policy will remain positive in the future, and monetary policy will remain neutral, which is conducive to imports of cotton and cotton yarns.

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