-National yarn export overview
According to China Customs statistics, the national yarn export value from January to November 2016 was US$9.98 billion, a slight decrease of 0.8%, which was basically the same as last year. The depreciation of the RMB against the US dollar locks in corporate profits, which is a substantial benefit to export companies. The average export unit price was US$2.43/kg, a year-on-year decrease of 12.3%, as the volume increased and the price decreased. The import value was US$6.65 billion, a year-on-year decrease of 19%, and the decline narrowed. The average unit price of imports was US$2.87/kg, a year-on-year decrease of 3.5%, and the decline narrowed.
1. In November, the export value of cotton yarn, silk thread and chemical fiber yarn increased, while the export value of wool and animal hair yarn decreased
Exports of cotton yarn, silk yarn, and chemical fiber yarn increased significantly, with increases of 15.5%, 59.1%, and 11.1%. The export value of woolen animal hair yarn decreased, with exports amounting to US$40 million, a decrease of 11%.
2. From January to November 2016, exports to ASEAN, the EU, and Latin America increased, while exports to Japan and North America decreased.
Exports to ASEAN from January to November 2016 were US$1.59 billion, an increase of 3.2%. Exports to the Philippines were US$130 million, an increase of 15.8%.
Exports to the EU continued their seven-month upward trend, with exports reaching US$1.05 billion, an increase of 4.8%, and the growth rate expanded. Exports to Italy increased, reaching 5.7%. Exports to Latin America increased by 16.7%. Exports to Brazil had the largest increase, with exports reaching US$290 million, an increase of 51%.
From January to November, my country’s yarn exports to Hong Kong were US$1.17 billion, down 18.7%. Exports to Japan were US$340 million, down 4.6%. Exports to North America declined, by 4.3%.
3. Among the major exporting provinces and cities, Zhejiang ranks first, and Shandong 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 November, Shandong experienced the largest growth, with an increase of 20%, and exports reached US$840 million. 14 provinces and cities exported more than 100 million US dollars.
4. The export unit price of wool and animal hair yarns has increased, while the export unit prices of chemical fiber yarns, silk threads and cotton yarns have all declined.
From January to November 2016, the export unit price of wool animal hair yarn was 31.66 US dollars/kg, an increase of 5.1%; chemical fiber yarn, silk thread, and cotton yarn decreased by 13.5%, 4.5%, and 9.9% respectively.
5. Related links
As of 24:00 on December 27, a total of 3.76 million tons of cotton have been processed in Xinjiang, and the cumulative public inspection volume nationwide is 3.682 million tons. This year’s cotton output has increased significantly compared with last year. It is estimated from the current processing situation that Xinjiang’s total output this year may reach 3.90-3.9 million tons. 4 million tons. Recently, the sales progress of cotton enterprises has accelerated. Due to the sharp fall in Zheng cotton prices, the spot price of Xinjiang cotton has also begun to fall, and the quotations of mainland lint cotton have also decreased in recent days. The price of lint has fallen, and textile companies are generally less enthusiastic about purchasing, and most of them adopt a buy-as-you-go strategy. December is the peak period for foreign cotton imports. It is expected that the import volume in December will be more than 100,000 tons. In addition, Xinjiang cotton is expected to be shipped 400,000-500,000 tons in December. Together with the local cotton, it is expected that the mainland cotton will be exported by the end of December and early January. With abundant resources, the spot price of lint is easy to fall but difficult to rise.
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