According to data from the General Administration of Customs, my country imported 170,000 tons of cotton yarn in July, an increase of 20,000 tons from June, a year-on-year increase of 15%. The imported varieties are mainly ring-spun carded yarns and OE yarns of 40S and below. Imports of JC32S-JC60S cotton yarns from India, Vietnam and Uzbekistan continue the sluggish trend in the first half of 2020. From the perspective of importing countries, Vietnamese yarn, Indian yarn, Pakistan yarn, and Uzbekistan yarn rank "unbeatable". The import volume of Indonesian yarn and Thai yarn is far from the top four.
From the survey of weaving enterprises and cotton yarn traders in Shandong, Henan, Jiangsu and other places, although the traditional peak season of “Golden Nine and Silver Ten” in the industry is gradually coming; although orders for mid-to-high-end textile apparel in Europe, America, Japan and South Korea are slowly picking up (spinners in coastal areas Feedback since mid-August, inquiries and shipments of high-profile carded yarns and high-count combed yarns have shown signs of initiation); although domestic epidemic prevention and control have achieved a staged victory again, the enthusiasm of cloth factories and intermediaries for ordering and stocking is limited Recovery, buy as you use, purchase according to order, and reduce capital occupation are the main operations.
Why did cotton yarn imports increase sharply again in July? The reasons for industry analysis include the following:
First, the price difference between imported cotton yarn and domestic yarn has been adjusted from flat or even "upside down" to 200-400 yuan/ton. On the one hand, the quotations of Indian and Vietnamese yarns, FOB and CNF yarns continued to weaken in July; on the other hand, the appreciation of the RMB in July led to a decrease in the cost of imported cotton and cotton yarn. According to the quotations of foreign yarn mills and traders, in mid-to-late July, the price of Indian 32S medium-to-high blended yarn in Qingdao and Ningbo ports was about 200 yuan/ton lower than domestically produced yarn; while the price of C32S high-profile bleached Vietnamese yarn (small factories, non-big brands) 300-400 yuan/ton lower than domestic yarn, strong competitiveness;
Second, the production and sales rate of large and medium-sized weaving enterprises has rebounded, and the machine load rate has increased to over 85%. According to the tracking data of China Cotton Textile Industry Association, in July, domestic weaving equipment utilization rate was higher than 85%, accounting for 71% of enterprises, and grey cloth inventory increased by 2.94% month-on-month; plus the foreign trade of cotton textile enterprises in coastal areas such as Jiangsu, Zhejiang, Guangdong, Lumin and Min. Orders are picking up in stages, and traders’ confidence in hoarding yarn has increased cautiously;
Third, the quality indicators of low count imported yarn are recognized by cloth mills and middlemen. The main raw materials for domestically produced 32S and below cotton yarns in July/August are state-owned cotton, 2019/20 real estate cotton and low-grade and low-quality foreign cotton at the port, while the cotton grade and quality of Vietnamese yarn and India-Pakistan yarn are significantly higher than those of domestically produced yarn. Yarn (Vietnamese yarn is mainly spun from American cotton, Brazilian cotton, West African cotton, Central Asian cotton, etc.), so testing indicators such as 100-meter end breakage, CV value, neps, and hairiness are favored by Chinese buyers.
Why did cotton yarn imports br
