-A brief overview of cotton yarn imports across the country

Domestic cotton prices continued to fall in the first quarter of this year. From April to the end of July, domestic cotton prices continued to rise. On July 28, the price of cotton 3128B reached a peak of 15,415 yuan/ton. After that, the domestic cotton spot price entered a downward channel, 9 On March 23, the price dropped to 14,323 yuan/ton, with a price difference of 719 yuan/ton within the 1% tariff.

According to Chinese customs statistics, from January to August, my country’s yarn imports were US$4.81 billion, down 22.7% year-on-year, more than half of which were cotton yarn imports, with an import value of US$3.3 billion, down 26.1%. Cotton yarn imports accounted for 10% of the country’s textile imports 21.6% of total clothing imports.

1. The decline in my country’s cotton yarn imports expanded in August 2016.

Inquiries, transactions and shipments of imported cotton yarn continue to show a sluggish trend. Enterprises’ imports of cotton yarn have continued to decline since the end of last year. The downward trend remained the same from January to August this year, with a year-on-year decrease of 19.3%. Import volume fell by 25.9% in January. The base number in the same period last year was small. It fell by 6.6% in February. It fell by 23% in March and April. In August, the decline expanded to 17.9%, with imports of 170,000 tons. The unit price of cotton yarn imports continued to decline, with the average price from January to August being US$2.54/kg, a year-on-year decrease of 8.4 percentage points.

2. Vietnamese yarn is still popular.

my country’s cotton yarn market has long been impacted by low-count yarns from Pakistan and medium- and high-count yarns from Vietnam, India, 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 and April, with growth rates of 25.9% and 25.9% respectively. 21.7%, an increase of 20.9% in May. It is currently the largest import source of cotton yarn in my country. The total imports from January to August were 396,000 tons, a year-on-year increase of 19.6%, accounting for 30.5% of the total cotton yarn imports, and the proportion increased. Imports from India have experienced negative growth since December last year. In the first eight months of this year, 284,000 tons of cotton yarn were imported, down 40.3% from the same period last year, accounting for 21.9% of total imports; imports from Pakistan began to fall since October last year, with 1- The import volume in August was 255,000 tons, a year-on-year decrease of 33.2%.

Among the remaining top ten import source countries, except for my country’s import volume from Malaysia, which increased by 45.1%, Indonesia, Uzbekistan, the United States, and South Korea decreased by 13.7%, 24.1%, 3.1%, and 30.2% respectively.

Thirdly, from January to August, only Shandong and Shanghai cotton yarn imports increased.

From January to August, eight major provinces and cities imported more than 20,000 tons of cotton yarn. Among them, Shanghai’s imports increased by 0.5 percentage points compared with the same period last year, and Shandong, a major cotton spinning province, increased by 7.8%. It mainly imported Indian yarn and Pakistani yarn, with an import volume of 187,000 tons, ranking third among importing provinces and cities. Guangdong imported 354,000 tons, a year-on-year decrease of 20.3%, ranking first; Zhejiang imported 226,000 tons, ranking second, a year-on-year decrease of 20.4%. Anhui fell by 6.8%, and Jiangsu, Fujian, and Beijing fell by 31.9%, 23.9%, and 60% respectively.

The trade mode is mainly general trade, accounting for 78.3% of the total cotton yarn imports, which is 1.015 million tons, a year-on-year decrease of 17%; processing trade is supplemented, accounting for 18.7%, and the import volume is 242,000 tons, a year-on-year decrease of 17%. A decrease of 30.9%, of which 228,000 tons were processed with imported materials.

AAA

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