-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 The price fell to 14,058 yuan/ton on October 7, and then rose all the way back to 15,358 yuan/ton as of October 31.

According to Chinese customs statistics, from January to September, my country’s yarn imports were US$5.41 billion, down 22.6% year-on-year, more than half of which were cotton yarn imports, with an import value of US$3.72 billion, down 26.2%. Cotton yarn imports accounted for the largest share of the country’s textile industry 21.6% of total clothing imports.

1. The decline in my country’s cotton yarn imports expanded in September 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 September this year, with a year-on-year decrease of 26.2%. Import volume fell by 25.9% in January, with a smaller base in the same period last year. In February, it fell by 6.6%. In March and April, it fell by 23%. In September, the decline expanded to 29.3%, with imports of 154,000 tons. The unit price of cotton yarn imports continued to decline, with the average price from January to September being 2.56 US dollars/kg, a year-on-year decrease of 7.2 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 September were 456,000 tons, a year-on-year increase of 20.8%, accounting for 32.4% of the total cotton yarn imports, and the proportion increased. Imports from India have experienced negative growth since December last year. In the first nine months of this year, 302,000 tons of cotton yarn were imported, down 44.8% from the same period last year, accounting for 20.8% of total imports; imports from Pakistan began to fall since October last year, with 1- The import volume in September was 286,000 tons, a year-on-year decrease of 33.4%.

Among the remaining top ten import source countries, except for my country’s import volume from Malaysia, which increased by 32.2%, Indonesia, Uzbekistan, the United States, and South Korea decreased by 12.6%, 25.9%, 3.2%, and 31.9% respectively.

Three. From January to September, only Shanghai’s cotton yarn imports increased.

From January to September, 9 major provinces and cities imported more than 20,000 tons of cotton yarn. Among them, Shanghai’s imports increased by 0.7 percentage points compared with the same period last year, ranking third among importing provinces and cities. Shandong, a major cotton spinning province, decreased by 0.3%. It mainly imported Indian yarn and Pakistani yarn, with an import volume of 203,000 tons, ranking fourth among importing provinces and cities. Guangdong imported 398,000 tons, down 20.3% year-on-year, ranking first; Zhejiang imported 255,000 tons, ranking second, down 20.2% year-on-year. Anhui fell by 15.5%, and Jiangsu, Fujian, and Beijing fell by 31.6%, 27.4%, and 60% respectively.

The trade mode is mainly general trade, accounting for 72.9% of the total cotton yarn imports, which is 1.14 million tons, down 18% year-on-year; supplemented by processing trade, accounting for 24.6%, and the import volume is 267,000 tons, down 18% year-on-year. A decrease of 31.6%, of which 252,000 tons were processed with imported materials.

AAA

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