-A brief overview of cotton yarn imports across the country
Domestic cotton prices continued to fall in the first quarter of this year. Since April, domestic cotton prices have continued to rise. On June 27, the price of Xinjiang cotton 3128B has been adjusted to 12,719 yuan/ton. On June 24, the price difference within the 1% tariff was only 120 yuan/ton.
According to Chinese customs statistics, from January to May, my country’s yarn imports were US$2.96 billion, down 22.9% year-on-year, of which 2/3 were cotton yarn imports, with an import value of US$2.03 billion, down 26.6%. Cotton yarn imports accounted for the country’s textile and clothing imports. 22.2% of the total.
1. In May 2016, the decline in my country’s cotton yarn imports narrowed.
The cost of domestic cotton has dropped significantly, and the popularity of imported yarn has dropped. Enterprises’ imports of cotton yarn have continued to decline since the end of last year. The downward trend remained the same from January to May this year, with a year-on-year decrease of 18.9%. 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 May, the decline narrowed to 7.3%, with imports of 171,000 tons. The unit price of cotton yarn imports continues to decline, with the average price from January to May being US$2.53/kg, a year-on-year decrease of nearly 10 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 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 and April, with growth rates of 25.9% and 25.9% respectively. 21.7%, an increase of 23.9% in May. It is currently the largest import source of cotton yarn in my country. A total of 227,000 tons were imported from January to May, a year-on-year increase of 18.3%, accounting for 28.3% of the total cotton yarn imports, and the proportion increased. Imports from India have experienced negative growth since December last year. In the first five months of this year, 198,000 tons of cotton yarn were imported, down 33.8% from the same period last year, accounting for 1/4 of total imports; imports from Pakistan began to decline in October last year, 1 -The import volume in May was 159,000 tons, a year-on-year decrease of 37.3%.
Among the remaining top ten import source countries, my country’s imports from the United States and Malaysia increased by 11% and 67%, Indonesia fell by 12 percentage points, and Uzbekistan and South Korea fell by 14% and 31% respectively.
Three. From January to May, only Shandong and Anhui cotton yarn imports increased.
From January to May, eight major provinces and cities imported more than 20,000 tons of cotton yarn. Among them, Anhui’s imports increased by 8.6 percentage points compared with the same period last year, and Shandong, a major cotton spinning province, increased by 22.4%. It mainly imported Indian yarn and Pakistani yarn, with an import volume of 119,000 tons, ranking third among importing provinces and cities. Guangdong imported 228,000 tons, down 17.8% year-on-year; Zhejiang imported 130,000 tons, ranking second, down 25.6% year-on-year. Shanghai fell by 6.7%, and Jiangsu, Fujian, and Beijing fell by 30%, 15%, and 60% respectively.
The trade mode is mainly general trade, accounting for 76.9% of the total cotton yarn imports, which is 618,000 tons, a year-on-year decrease of 18.2%; processing trade is supplemented, accounting for 19.9%, and the import volume is 160,000 tons, a decrease of 27.7% compared with the same period last year. , of which 151,000 tons were processed.
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