Why did cotton yarn imports increase by 50% month-on-month in June?

According to customs statistics, my country imported 90,000 tons of cotton in June 2020, an increase of 29% month-on-month and a year-on-year decrease of 44%; in June, my country imported 150,000 tons of cotton yarn, an increase of 50% month-on-month and a year-on-year decrease of 6.5%.　　 Obviously, from the perspective of imports, the performance of cotton yarn consumption recovery and competitiveness is stronger than that of cotton. Imports of cotton and cotton yarn have both increased substantially month-on-month, indicating that my country's textile, clothing, foreign trade and other industries have gradually stepped out of the trough of the global new crown epidemic and have begun a difficult 'climb'. The confidence of the industry and enterprises has continued to rise compared with March-April.　　 Why did cotton yarn imports increase by 50% month-on-month in June? The industry analysis mainly includes the following factors: 　　 First, it is triggered by market demand. From May to June, my country’s domestic orders postponed due to the epidemic have been fully released, and the consumer demand for 40S and below cotton yarn (including OE yarn) rebounded temporarily; some domestic small and medium-sized spinning mills were slow to resume production and raw materials. Due to the high cost and other reasons, the production of low- and medium-count yarns and insufficient stocks make it the inevitable choice for textile and apparel companies and intermediaries to purchase immediate, bonded or customs clearance of Vietnamese, Indian, and Pakistani yarns; 　　, the competitiveness of imported yarns has been restored to a certain extent. From May to June, including India, Pakistan, Vietnam, Indonesian yarn, etc., due to the depreciation of the currency against the US dollar, the fluctuation of domestic cotton prices, the weak domestic cotton yarn consumption and other factors, the external FOB and CNF quotations continued to fall, and the customs clearance of India and Vietnam C32S were high. The price difference between package bleached yarn and domestic yarn ranges from 200-300 yuan/ton to -300~-200 yuan/ton (the reserve cotton wheel was launched only on July 1); 　　The third is the appreciation of the RMB in June, continuously 'breaking 7'. Conducive to the import of cotton and cotton yarn. As the global epidemic spread again in June, the hedging properties of renminbi bonds rose again, of which foreign investment increased their holdings of renminbi bonds by 83 billion yuan (the Federal Reserve’s signal to maintain extremely low interest rates for a long time has caused global capital to switch to the embrace of emerging markets). Although the U.S. dollar bottomed out and rebounded, the renminbi continued to appreciate; 　　Fourth, the quality and stability of imported cotton yarn have reached or even exceeded the level of some domestic spinning mills. In Vietnam, India, Pakistan and other countries’ major manufacturers of OE yarn, C40S and below count cotton yarns, due to the higher level of cotton blending, ever-increasing equipment, and improved workers’ levels, the various indicators of cotton yarn are not at a disadvantage compared with domestic yarns, and even require Compared with some small factories in Henan, Hebei, Shandong, Jiangsu and other places, the quality of cotton yarn is better, more stable and more cost-effective. Article keywords: 　June cotton yarn imports