-National yarn export overview
According to China Customs statistics, the national yarn export value from January to September 2016 was US$8.36 billion, a decrease of 1.3%, and the decline narrowed. The average export unit price was US$2.45/kg, down 13.3% year-on-year. The import value was US$5.41 billion, a year-on-year decrease of 22.6%; the average import unit price was US$2.86/kg, a year-on-year decrease of 4.8%, and the decline narrowed.
1. The export value of cotton yarn increased in September, while the export value of wool and animal hair yarn led the decline
Exports of cotton yarn and silk thread increased by 1.3%. The export value of wool animal hair yarn led the decline, with a year-on-year decrease of 33.2%.
2. From January to September 2016, exports to ASEAN, the EU and Latin America increased, while exports to Japan and North America decreased.
From January to September 2016, the export volume to ASEAN was US$1.32 billion, an increase of 2.1%. Exports to Malaysia were US$210 million, an increase of 5.1%.
From January to September, China’s yarn exports to Hong Kong were US$1.02 billion, a decrease of 19.1%. China’s yarn exports to Japan were US$290 million, a decrease of 4.1%.
Exports to the EU continued the five-month upward trend, with exports reaching US$890 million, an increase of 6%. Exports to Türkiye increased, reaching 6.4%. Exports to Latin America increased by 16.3%. Exports to Brazil had the largest increase, reaching 48.5%, and exports to North America declined, with a decrease of 5.5%, narrowing the decline.
3. Among the major exporting provinces and cities, Zhejiang ranks first, and Sichuan has the largest export growth.
Coastal provinces are the main force in yarn exports. Among the top ten export provinces and cities from January to September, Sichuan grew the most, with an increase of 14.6%. Exports from 13 provinces and cities exceeded US$100 million.
4. The export unit price of wool animal hair yarn has increased, while the export unit price of chemical fiber yarn, silk thread and cotton yarn has declined.
From January to September 2016, the export unit price of wool animal hair yarn was 32 US dollars/kg, an increase of 6%; chemical fiber yarn, silk yarn and cotton yarn decreased by 15.1%, 6% and 9.5% respectively.
5. Related links
Affected by rising cotton prices in September, the price of pure cotton yarn increased by 1.1%; due to weak price transmission, the price of pure cotton CGC32 gray fabric fell by 0.3%. The prices of yarn and cloth fluctuated, and the impact on sales was different. Tracking data showed that sales of pure cotton yarn increased by 3.3%, while sales of pure cotton cloth fell by 2.5%. Entering October, cotton prices fell back after strengthening. As of the 19th, the quotations of pure cotton and gauze were 22,965 yuan/ton and 5.67 yuan/meter, up 4.8% and 1.5% respectively. Judging from the cotton quotation trend, there is a downward trend. Affected by this, yarn and cloth shipments are still under pressure in October.
In September, as the price of chemical fiber staple fiber raw materials fluctuated, the price of chemical fiber yarn changed accordingly. CYT32 fell by 1.3%; CYR30 and CGR30 increased by 1.6% and 0.4% respectively. Tracking data shows that sales of chemical fiber yarns fell by 0.3%, while sales of chemical fiber cloths increased by 9.3%. Entering October, the price of chemical fiber staple fiber is still fluctuating greatly.
Among them, polyester staple yarn and cloth were affected by the rise in oil prices, and the prices stopped falling and rebounded. As of the 19th, CYT32 was quoted at 11,765 yuan/ton, an increase of 4.1% in October; viscose prices fell back weakly. As of the 19th, CYR30 , CGR30 prices were quoted at 28,650 yuan/ton and 4.65 yuan/meter respectively, down 1.0% and 0.4% respectively. Judging from the trend of raw material prices, the price of polyester shorts continues to strengthen, and product shipments may be faster. If the prices of polyester shorts are weak and downward, product sales may be weak.
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