-A brief overview of cotton yarn imports across the country
Under the pressure of the export of cotton reserves, domestic cotton prices continued to fall in the first quarter of this year. Affected by the abnormal increase in cotton futures prices in April, the spot price of cotton was pushed up. The current price of Xinjiang cotton 3128B has been adjusted to 12,367 yuan. /Ton.
According to Chinese customs statistics, from January to March, my country’s yarn imports were US$1.69 billion, down 24.3% year-on-year, of which 2/3 were cotton yarn imports, with an import value of US$1.18 billion, down 28.5%. Cotton yarn imports accounted for the country’s textile and clothing imports. 22.2% of the total.
1. my country’s cotton yarn imports continued to decline in March 2016.
In the first quarter, industry retail sales and exports were not ideal. Domestic cotton costs dropped significantly, and companies’ imports of cotton yarn continued to decline for five months. The first quarter of this year continued the downward trend at the end of last year, with a year-on-year decrease of 20.8%. Import volume fell by 25.9% in January to 161,000 tons; the base number in the same period last year was smaller, falling by 6.6% in February, with imports of 116,000 tons; in March, it continued to decline by 23.3%, with imports of 191,000 tons. As international cotton prices continue to remain low, the unit price of cotton yarn imports continues to decline. The average price in the first quarter was US$2.53/kg, a year-on-year decrease of 10 percentage points.
2. Vietnam’s yarn imports continue to grow, surpassing India in the first quarter to become China’s largest import source of cotton yarn.
my country’s cotton yarn market has long been impacted by low-count yarns from Pakistan and medium- and high-count yarns from India, Vietnam, and Indonesia. In recent years, a large number of companies have invested in yarn mills in Vietnam. my country’s cotton yarn imports from Vietnam have continued to grow. However, due to the impact of the general environment, the growth rate has narrowed significantly from the end of last year to the beginning of the year. It returned strongly in March, with an increase of 25.9%, and surpassed India to become our country. The largest import source country of cotton yarn. A total of 123,000 tons were imported in the first quarter, a year-on-year increase of 14.7%, accounting for 26.2%. Imports from India have experienced negative growth since December last year. This year, a total of 118,000 tons of cotton yarn were imported, down 36.3% from the same period last year, accounting for 1/4 of total imports; imports from Pakistan began to decline from October last year, from January to March The import volume was 98,000 tons, a year-on-year decrease of 40.6%.
Among the remaining top ten import source countries, Indonesia increased slightly, with an increase of 1.6% in import volume, Uzbekistan fell by 1 percentage point, my country’s import volume from the United States and Malaysia increased by 37% and 93%, and South Korea fell by 16%.
3. In the first quarter, eight provinces and cities imported more than 10,000 tons of cotton yarn.
From January to March, eight major provinces and cities imported more than 10,000 tons of cotton yarn. Among them, only Shandong showed growth. It mainly imported Indian yarn and Pakistani yarn, with an increase of 31.3%. The import volume was 71,000 tons, ranking second among the importing provinces and cities. Guangdong imported 136,000 tons, down 18% year-on-year; Zhejiang imported 67,000 tons, ranking third, down 32.1% year-on-year. Shanghai fell by 12%, and Jiangsu, Fujian, and Beijing fell by 25%, 11%, and 63% respectively.
The trade mode is mainly general trade, accounting for 75.5% of the total cotton yarn imports, which is 353,000 tons, a year-on-year decrease of 22.1%; processing trade is supplemented, accounting for 21.2%, and the import volume is 99,000 tons, a decrease of 23.8% from the same period last year. , of which 95,000 tons were processed.
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