According to customs statistics, my country’s cotton yarn imports in October 2021 were 150,000 tons, a year-on-year decrease of 11.8%, and a month-on-month decrease of 21.1%; it is very different from the “blowout” market in September, when cotton yarn imports increased by 5.06% month-on-month and 5.55% year-on-year. , and from January to October 2021, my country imported a total of 1.83 million tons of cotton yarn, a year-on-year increase of 18.1%.
Why did cotton yarn imports suddenly plummet in October? Industry analysis mainly includes the following factors: First, in October, some major textile provinces in Jiangsu, Zhejiang, Shandong, Henan, and Guangdong encountered “double restrictions + double controls”, and restrictions were imposed. The epidemic has led to serious production cuts and shutdowns in weaving and clothing companies, and the prosperity of imported cotton yarn shipments has declined; secondly, driven by the surge in ICE cotton futures in September/October and the “flat take-off” of Indian seed cotton and lint spot prices, India and Pakistan , Vietnam and other origins of cotton yarn shipments and bonded US dollar quotations have continued to rise, and the price difference between domestic and foreign cotton yarn has narrowed from more than 1,000 yuan/ton to 200-300 yuan/ton (on November 18-19, the domestic and foreign cotton yarn quotations have been “upside down” by 200-300 yuan) / ton), imported cotton yarn inquiries and transactions quickly turned cold; third, since late September, due to the end of Christmas and Easter orders in Europe and the United States and the initial control of the epidemic, mid-to-low-end orders have once again returned to major textile countries in Southeast Asia. Due to the influence of other factors, China’s weaving, clothing and consumer terminals’ demand for imported OE yarn, C21S and below count ring spinning yarn has “downgraded and slowed down”; fourthly, the RMB appreciated against the US dollar in October (the exchange rate hit a new high in half a year ), although it is conducive to the import of cotton yarn, etc., it is not conducive to textile and clothing companies receiving export orders for textiles and clothing (orders in the fourth quarter of 2021 and the first quarter of 2022 are not optimistic). There is a lack of effective mid- and long-term external order support. Imported yarn Procurement has been passively slowed down or even stagnated in stages. </p
