-China’s cotton yarn import volume fell by .% year-on-year
According to data from the China Chamber of Commerce for Import and Export of Textiles, my country’s cotton yarn imports declined from January to February this year. Among them, in January, the import volume of cotton yarn was 218,000 tons. In February, the import volume decreased by nearly 100,000 tons from the previous month to 124,000 tons, a year-on-year decrease of 19.1%. With the decline in international cotton prices, the unit price of cotton yarn imports this year continued the downward trend in the second half of last year. In January this year, it dropped to 2.84 US dollars/kg, a year-on-year decrease of 9.8%; in February, it further fell to 2.79 US dollars/kg, a year-on-year decrease of 9.3%. . Industry insiders said that the sharp decline in my country’s cotton yarn imports since this year is closely related to the reduction in cotton imports. Since last year, my country’s cotton futures prices have begun to fall, causing textile mills to increase their use of domestic cotton, which has become the main reason for the sharp reduction in cotton yarn imports.
Data shows that India, Pakistan, and Vietnam are the top three source markets for my country’s cotton yarn imports. Although import volume increased in January, only Vietnam increased by 27.9% in February. The amount of cotton yarn imported from India and Pakistan increased. Different degrees of decline. From January to February 2015, my country imported 108,000 tons of cotton yarn from India, a year-on-year decrease of 5.1%; the import unit price was US$2.73/kg, a decrease of 12%. Imported 93,000 tons and 63,000 tons of cotton yarn from Pakistan and Vietnam respectively, with import unit prices of US$2.5/kg and US$2.91/kg respectively. At the same time, from January to February this year, among the remaining 10 major import source countries, the volume of imported cotton yarn from the United States, South Korea, and Thailand fell by 38.7%, 28.3%, and 34.5% respectively. my country’s cotton yarn imports fell 19.1% year-on-year from January to February
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