-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 On November 7, the price fell to 14,058 yuan/ton, and then rose all the way back to 16,016 yuan/ton as of November 29. Then it entered a downward channel until December 30, when the price of cotton 3128B was 15,798 yuan/ton.
According to China Customs statistics, my country’s yarn imports in 2016 were US$7.39 billion, down 16.9% year-on-year, of which more than 60% were cotton yarn imports, with an import value of US$5.13 billion, down 19.5%. Cotton yarn imports accounted for the largest share of the country’s textile industry 22% of total clothing imports.
1. my country’s cotton yarn imports continued to decline from January to December 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 December this year, with a year-on-year decrease of 19.5%. Import volume fell by 25.9% in January, from a smaller base in the same period last year, by 6.6% in February, and by 23% in March and April. In December, the monthly increase was 8.3%, with imports of 202,000 tons. The unit price of cotton yarn imports continued to decline, with the average price from January to December being 2.6 US dollars/kg, a year-on-year decrease of 4.2 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. A total of 625,000 tons were imported from January to December, a year-on-year increase of 24.3%, accounting for 31.7% of the total cotton yarn imports, and the proportion was basically the same as that from January to November. Imports from India have experienced negative growth since December last year. 416,000 tons of cotton yarn were imported this year, down 40.8% from the same period last year, accounting for 21.1% of total imports; imports from Pakistan began to decline from October last year, from January to December The import volume was 389,000 tons, a year-on-year decrease of 28.1%.
Among the remaining top ten import source countries, except for my country’s import volume from the United States, which increased by 3.3%, the import volume from Indonesia, Uzbekistan, and South Korea decreased by 3.3%, 20.2%, and 32.5% respectively.
3. Cotton yarn imports in Shanghai and Hunan increased from January to December.
From January to December, the import volume of cotton yarn in 10 major provinces and cities exceeded 20,000 tons. Among them, Shanghai’s imports increased by 4.8 percentage points compared with the same period last year, ranking third among importing provinces and cities. Hunan’s imports still grew significantly, importing 38,000 tons, an increase of 60%, ranking 9th among importing provinces and cities. Shandong, a major cotton spinning province, decreased by 4.1%. It mainly imports Indian yarn and Pakistani yarn, with an import volume of 267,000 tons, ranking 4th among importing provinces and cities. Guangdong imported 544,000 tons, down 15.5% year-on-year, ranking first; Zhejiang imported 332,000 tons, ranking second, down 18% year-on-year. Anhui fell by 13.6%, Jiangsu, Fujian, and Beijing fell by 24.4%, 25%, and 50.2% respectively.
The trade mode is mainly general trade, accounting for 78.9% of the total cotton yarn imports, which is 1.557 million tons, a year-on-year decrease of 12.7%; processing trade is supplemented, accounting for 18.4%, and the import volume is 363,000 tons, a year-on-year decrease of 12.7%. A decrease of 27.1%, of which 343,000 tons were processed with imported materials.
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