Vietnam’s CS is not profitable, with some losses

According to information from Vietnamese textile companies, the recent profitability of factories producing C32S has been poor, and some have suffered losses. If the CotlookA index is used to calculate that Vietnam’s C32S still has a theoretical profit of 200 yuan, but local textile companies said that the cotton price in the early stage was high, resulting in the overall raw material inventory cost being at a relatively high level, and it was suppressed by the price of Indian yarn, making it difficult to sell at the ideal price, and production problems Loss. Relatively speaking, C32S/2 and OEC21S can maintain breakeven or make a small profit, and factory orders are relatively saturated. The current quotation for the January shipping date of jet quality OEC21S is US$2.02/kg (discounted to the customs clearance cost of 16,800 yuan/ton at the port). The better quality C32S/21 shipping date is quoted at US$3.03/kg (discounted to the customs clearance cost of 25,000 yuan/ton at the port). Vietnam’s C32S has poor profits and some losses