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Recent cotton prices have fallen slightly, although it has entered the traditional production season, downstream orders are slightly better than the previous period, but the characteristics of the peak season is not obvious, and the cotton mill raw material procurement is still relatively cautious. Although the "gold nine silver ten" foreign trade, domestic demand orders have improved to a certain extent compared with July and August, but it is still significantly lower than the industry's expectations, especially cotton bedding, labor insurance supplies, denim, high-grade T-shirts and shirts and other regular orders fell 30-40% year-on-year, consumer terminal confidence recovery still needs a process.
Domestic and foreign trade orders are increasing
Recent downstream export inquiries and orders have increased, this week each series of yarn shipments have increased, differentiated orders have gradually increased. Among them, the number of differentiated yarn purchases accounted for 25% of the total purchase, an increase of 1 percentage point from last week. The main varieties are Lyocell cotton blended yarn, Modal/cotton blended yarn, acrylic/cotton blended yarn and acetic acid blended yarn. The quantity of sampling inquiries continues to increase, and the order of the spinning machine is tight in about a month. New season orders began to order production, acrylic fiber heating orders increased significantly, but has not reached the same period in previous years. Domestic sales account for the main body, and the actual orders have been promoted successively. Due to the increase in the cost of yarn grey cloth caused by the rise in raw material prices, the recent price communication is extremely difficult. Most factory orders in the dyeing factory are still insufficient, and domestic sales are preparing goods in advance.
Xiaoshao Region:
The recent market float is not large, some of the domestic market stock in advance, export orders are also accelerating production. Most dyeing factories are busy, and the situation of rushing goods is more common. Half of September has passed, although orders have increased compared to before, but the overall is still less than expected.
Although the price of cotton raw materials has dropped slightly recently, the domestic concern about tight supply in the early stage has been significantly eased, and the sale of reserve cotton has failed this week.
From the downstream point of view, the grey cloth start-up slightly improved, but under the extrusion of traders' high cotton yarn inventory, the improvement of textile orders was limited, and there was a large area of conventional varieties of goods throwing phenomenon, the strong expectation of consumption recovery failed to meet, the superposition of new cotton production reduction or less than expected, and the cotton price formed a strong suppression.
Jiangsu Region:
Overall orders increased last week, falling short of expectations in September. The orders of foreign trade companies have been issued, the demand for thick varieties is more, the supply is in short supply, the price of differentiated varieties is increased, and the actual order is not ideal. The orders of local printing and dyeing enterprises have improved than before, and the overall orders are not as good as in previous years.
Fabric Market:
Since September, the clothing brand's autumn and winter clothing fabric orders have begun to start, and the demand for inquiry and lofting has increased significantly. Judging from the current quotation feedback, the order price competition will be particularly fierce, especially for conventional cotton products, many orders have to go through multiple rounds of bidding to be good. Compared with the number of orders in the peak season of previous years, the number of orders has shrunk significantly, which has intensified the internal volume competition in the market.
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