Imported yarn prices continue to fall

According to customs statistics, my country imported 150,300 tons of cotton yarn in July 2019, a decrease of 4.14% month-on-month and a year-on-year decrease of 26.58%; from January to July, my country's cumulative import of cotton yarn was 1,182,800 tons, a year-on-year decrease of 3.61%. It should be noted that in April 2019, my country imported 192,000 tons of cotton yarn, an increase of 22.09% year-on-year; from January to April, my country's cumulative import of cotton yarn was 668,000 tons, an increase of 8.22% year-on-year. It can be seen that my country’s cotton yarn imports began to 'dive' from May to July, and the decline is getting bigger and bigger, from the 'one-meter board' to the 'three-meter board' to the 'ten-meter board' (the year-on-year decrease in May-July) (0.79%, 19.90%, 26.58%), the situation can be described as precarious. Judging from the feedback of cotton yarn trade in Qingdao, Zhangjiagang, Ningbo, Guangzhou and other places, in August, cotton yarn inquiries and shipments basically did not improve. Bonded and customs clearance cotton yarn stocks are more than exported, and small and medium-sized small and medium-sized enterprises that turn around are saving themselves. It is happening every day, and it is not easy for big traders with large inventories and high import costs to run wild and retreat on their own. According to the released data, the top three countries (regions) in terms of cotton yarn imports in July were Vietnam, India, and Uzbekistan, with imports of 80,600 tons, 15,300 tons, and 13,100 tons (Vietnam, India, and Uzbekistan from January to July). India and Uzbekistan imported 488,900 tons, 229,200 tons, and 99,300 tons of cotton yarn respectively, accounting for 41.43%, 19.42%, and 8.42%). On the one hand, despite the signing of the second phase of the free trade agreement between China and Pakistan (zero tariffs on imports of Pakistani yarn), Pakistan’s exports to China are still completely behind, being squeezed out of the top three and replaced by Uzbekistan; on the other hand, from June to July The import of Vietnamese yarn is becoming stronger and stronger, leaving India, Uzbekistan, Pa yarn a few blocks away, and spinning mills in Southeast Asia and Central Asia can only watch Vietnamese yarn go away. For more than a week, the export of port bonded and customs clearance yarns has been concentrated in C16S-C32S mid-to-high-end knitting yarns and mid-to-low-end airflow yarn denim yarns; while compact spinning, JC21, JC32, JC40 yarns and C8S-C16S Pakistan Siro spinning yarns have been delivered. The cast continued to be light and the atmosphere was relatively empty. Weaving factories and intermediaries in Jiangsu, Henan and other places said that since late August, Pakistani yarn mills, exporters and domestic traders have mainly dealt with the backlog, defaults, and repurchase orders, and the enthusiasm for new 'future yarns' is not high. ; While India’s domestic cotton prices have remained stable (the trend is 'very different' from the ICE and international cotton spot prices), and the domestic sales of spinning mills and the quotations of FOB and CNF have continued to decline, resulting in continuous decline in the profits of spinning mills and even partial losses; plus the Federal Reserve With unfavorable factors such as interest rate cuts and devaluation of the renminbi, Indian cotton yarn exports 'have no worst but worse'; China's cotton yarn import market has become a 'stage' for Vietnamese yarn and Uzbek yarn (Central Asian yarn). Article Keywords: 　Imported Yarn Price Vietnam Yarn