-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, 8 On March 29, the price dropped to 14,338 yuan/ton, with a price difference of 1,118 yuan/ton within the 1% tariff.

According to Chinese customs statistics, from January to July, my country’s yarn imports were US$4.17 billion, down 23.6% year-on-year, more than half of which were cotton yarn imports, with an import value of US$2.85 billion, down 26.9%. Cotton yarn imports accounted for the largest share of the country’s textile industry 21.7% of total clothing imports.

1. The decline in my country’s cotton yarn imports expanded in July 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 July this year, with a year-on-year decrease of 19.5%. 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 July, the decline expanded to 24.1%, with imports of 164,000 tons. The unit price of cotton yarn imports continued to decline, with the average price from January to July being US$2.53/kg, a year-on-year decrease of 9.1 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 July were 335,000 tons, a year-on-year increase of 17.3%, accounting for 29.7% of the total cotton yarn imports, and the proportion increased. Imports from India have experienced negative growth since December last year. In the first seven months of this year, 263,000 tons of cotton yarn were imported, down 35.6% from the same period last year, accounting for 23.4% of total imports; imports from Pakistan began to decline in October last year, 1- Import volume in July was 220,000 tons, down 35.2% year-on-year.

Among the remaining top ten import source countries, except for my country’s import volume from Malaysia, which increased by 42.3%, Indonesia, Uzbekistan, the United States, and South Korea decreased by 25.7%, 34.4%, 12.4%, and 37.6% respectively.

Thirdly, from January to July, only Shandong and Anhui cotton yarn imports increased.

From January to July, eight major provinces and cities imported more than 20,000 tons of cotton yarn. Among them, Anhui’s imports increased by 0.7 percentage points compared with the same period last year, and Shandong, a major cotton spinning province, increased by 10.4%. It mainly imported Indian yarn and Pakistani yarn, with an import volume of 164,000 tons, ranking third among importing provinces and cities. Guangdong imported 307,000 tons, down 21.4% year-on-year, ranking first; Zhejiang imported 195,000 tons, ranking second, down 21.7% year-on-year. Shanghai fell by 2.6%, Jiangsu, Fujian, and Beijing fell by 32.2%, 19.3%, and 58.9% respectively.

The trade mode is mainly general trade, accounting for 77.9% of the total cotton yarn imports, which is 878,000 tons, a year-on-year decrease of 17.7%; processing trade is supplemented, accounting for 19%, and the import volume is 214,000 tons, a year-on-year decrease of 17.7%. A decrease of 30.8%, of which 201,000 tons were processed with imported materials.

AAA

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