Cotton yarn import and export go to two extremes

In 2015, my country’s cotton yarn import and export data hit two “best” records in the past 12 years – the highest import volume and the lowest export volume. On January 26, China’s General Administration of Customs released my country’s cotton yarn import and export data for December 2015, which showed that in December 2015, my country imported 186,300 tons of cotton yarn, an increase of 26,800 tons from the previous month, an increase of 16.79%, and a decrease of 20,200 tons year-on-year. An increase of 9.7%; cotton yarn exports were 28,000 tons, a month-on-month increase of 8,100 tons, an increase of 40.6%; a year-on-year decrease of 2,400 tons, a decrease of 8.01%. In 2015, my country imported a total of 2.3452 million tons of cotton yarn, an increase of 334,700 tons year-on-year, an increase of 16.55%.

The main reason for the large increase in the amount of imported yarn in 2012 was the high price difference between domestic and foreign cotton. At that time, domestic textile companies were hoping that domestic cotton prices would fall. Then in 2015, the price difference between domestic and foreign cotton has repeatedly narrowed. , why can the quantity of imported yarn reach a new high? It can be seen that the price advantage of imported yarn is not only the price of cotton, but also the textile support policies of foreign governments, labor, water, electricity and taxes, as well as the trend of domestic textile companies to build factories abroad.

How much cotton yarn do we import? In 2015, my country imported 700,800 tons of yarn from India, Pakistan, and Vietnam, 540,800 tons, and 461,400 tons respectively, which is close to the monthly yarn imports from Shandong, Henan, and Jiangsu provinces, which have the largest yarn production in my country. Production, and this is only the imported yarn with a cotton content of 85% and above.

What we can expect in 2016 is that domestic and foreign cotton prices will continue to shrink and electricity bills will fall. However, our textile companies will have to bear more of the continued increase in labor costs. The era of machine replacement may be coming.

AAA

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