With the sharp decline in cotton futures, the spot market for imported yarns with coarse count yarns has even seen several different prices in one day. Second-tier brands of 10-count Pakistani yarns are priced at 21,500-22,000 yuan/ton (tax included). Prices are basically negotiable. Domestic yarn Siro Spinning The quoted price is around 21,200 yuan/ton (tax included), which is lower than that of Basha. However, the more the price is reduced, the more cautious terminals become in purchasing goods. Although bulk cargo replenishment orders are active, the price is gradually decreasing. The knitting market was affected by the sharp price reduction of domestic yarns, and the price of imported yarns also fell. The price of 20-count carded yarn was around 26,000 yuan/ton (tax included), but the domestically produced 32-count yarn was priced at 25,000-26,000 yuan/ton (tax included), and the goods were sold slowly.
The external price of imported yarn continued to fall last week, and the market sentiment became more pessimistic. Although domestic and foreign cotton futures rose overnight last weekend, market confidence was slightly stable. Traders prioritized shipment speed and inventory reduction. They were not very interested in the falling foreign prices. Instead, they paid close attention to external prices and adjusted spot sales. price. Some factories in Vietnam also made significant price adjustments that week. The price of 32-count carded bleached yarn of medium quality was about US$3.38/kg, or about 26,100 yuan/ton (tax included), which was only 500-1,000 yuan higher than that of domestic yarn. Judging from the situation that week, the situation at home and abroad is not optimistic.
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