According to the feedback of some cotton yarn trading enterprises in Jiangsu and Zhejiang, Fujian, Guangdong and other places, by the ICE cotton futures main contract in late January broke 85 cents/pound and the domestic cotton, cotton yarn current quotation has risen together with other favorable support, in the past week or more, whether bonded/cargo or customs clearance RMB cotton yarn quotation has been brush up (except OE yarn), Among them, Pakistan Siro spinning and Vietnam, India, Indonesia and other combed yarns increased slightly. Shandong Qingdao, Weifang, Zibo and other places imported 8S-16S ring ingot spinning supply was tight, Jiangsu and Zhejiang markets not only Vietnam coarse yarn ring ingot spinning inquiry/transaction is also relatively smooth, and 21S-32S imported woven yarn shipments are also satisfactory.

A trader in Nantong, Jiangsu province, said that due to the relatively good performance of home textile orders since mid-December, 32S-60S imported yarn as a whole "tight price", some intermediate to transfer goods from Guangdong, Zhejiang, Shandong and other places of textile market to meet the needs of downstream customers. However, with Vietnam cotton yarn/blended yarn CVC, Pakistan Siro spinning quotation trend is strong, traders continue to test and adjust different, India in addition to C16-C40S combed yarn quotation center of gravity has a small upward shift, tight spinning, combed yarn and OE yarn although Indian yarn mills and export enterprises/traders strong price sentiment, but did not easily increase the US dollar resource quotation, waiting for an opportunity to rise.

According to the statistics of the Indian Ministry of Commerce, in December 2023, India exported 46,500 tons of cotton yarn, down 1.06% month-on-month and 62.13% year-on-year. In 2022/23 (August-December), India exported 180,500 tons of cotton yarn, down 69.03% year-on-year.

According to the survey, affected by the recent import of Siro spun yarn, 40S cotton yarn, air spinning, JC21/JC32S yarn transaction and shipment acceleration in coastal areas, the bonded cotton yarn + customs clearance cotton yarn inventory in China's main ports continued to decline. Several large and medium-sized textile import and export companies in Hangzhou, Shaoxing and other places investigated and estimated that by the end of January, the total amount of port cotton yarn warehouse was less than 120,000 tons, concentrated in Qingdao, Ningbo, Zhangjiagang, Guangzhou, Shanghai and other main ports. For the signing of far month cotton yarn cargo, weaving mills and traders are more cautious, in addition to the uncertainty of the sustainability of export traceability orders in the first half of 2024, the Red Sea crisis, the rise in the price of Indian yarn FOB/CNF, the RMB exchange rate and other factors need to be considered.

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