Downstream Rework Tide Comes To Import Yarn 3/4 Months.

According to Ningbo, Guangzhou, Qingdao and other port cotton yarn traders feedback, entered the middle of February, along with the coastal area weaving factory, clothing factory, middleman tide of labor coming, imported cotton yarn inquiry, see goods, turnover than 1-2 months earlier obvious rebound, import enterprises, traders on the new crown pneumonia epidemic spread, peripheral market environment deterioration worries continue to fade, confidence has been greatly restored.

However, as a whole, India and Pakistan, Uzbekistan and other countries, the domestic and foreign market quotations of cotton mills declined, and the demand for imported cotton yarn was greatly weakened due to the outbreak of the Chinese epidemic. The ICE had a negative impact on the 68.5-70 cents / pound oscillation.

Qingdao, Zibo and other importing enterprises said that although the inquiry prices of the downstream purchasing enterprises were significantly warmer this week, the transaction needed to be replaced by "time for space". On the one hand, the new crown pneumonia epidemic entered a critical stage (enterprise reemployment is a big test). Prevention and control and grid governance can not be relaxed at all. Compared to enterprises above Designated Size, the return of small and medium sized textile factories is still relatively slow (up to now, over 50% of Enterprises above Designated Size have returned to work), and from the survey, the downstream enterprises still focus on orders before the Spring Festival, and whether the situation can be improved significantly in 3-4 months is still to be observed.

It is understood that due to the Spring Festival holiday in China, the outbreak of the new crown pneumonia outbreak and the impact of the heavy purchase of the downstream due to the delay in the resumption of work, the main ports in China did not fluctuate a lot from the middle of January to the end of February, but the customs clearance and shipment were not ideal. Jiangsu, Zhejiang, Henan and other weaving mills judged that with the implementation of the first stage economic and trade agreement between China and the United States, the implementation of the central bank and the continuous opening of the central bank's "sowing money to save enterprises" mode, the global economy will rebound rapidly after the superposition of the epidemic. Therefore, China's textile and garment exports and exports are expected to rebound strongly in the 3-5 months.