Views:0 Author:Site Editor Publish Time: 2020-05-09 Origin:Site
How will China cotton yarn market develop later?
Firstly, affected by the pandemic outside China, cotton yarn producers such as India, Vietnam and Pakistan are seriously hit. Cotton yarn imports may reduce largely, which is favorable to the sales of Chinese low to medium-count cotton yarn. The stocks of imported cotton yarn stayed high at present.
Secondly, according to foreign media, Europe and the US will lift the lockdown gradually from May. Amid the suspension of production in Southeast Asian countries, orders to China may improve. However, it is just a possibility, and finally it will depend on the control of the pandemic and recovery of economic activity.
According to CCFGroup, downstream orders have not shown signs of improvement. The orders from China local market may reduce in May, and the orders of masks mentioned above will also finish at that time. Many weavers plan to take holidays or reduce production in May. If the pandemic outside China could not get controlled and the orders could not recover, cotton yarn sales and price will have a larger possibility to move down and cotton yarn mills will cut or suspend production increasingly.