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    Import Of Cotton Yarn Reduces Domestic Cotton Yarn Advantage

    2016/7/7 21:47:00 71

    Cotton YarnImportMarket Quotation

    In the first 5 months of 2016, as China's cotton prices were at a relatively low level, the difference between domestic and foreign cotton prices was also significantly reduced compared with the previous years.

    Even for a long time, the price of domestic C32S cotton yarn is lower than that of the same grade imported cotton yarn, especially cotton yarn produced in Xinjiang. Because of the advantages of electricity price and various subsidies granted by the state, the price of Xinjiang yarn is quite competitive, and the quality of cotton yarn is also very good, so it also inhibits the import of some cotton yarn.

    According to statistics from the General Administration of customs, China imported 803 thousand and 600 tons of cotton yarn in 1-5 months, a decrease of 18.87% over the same period last year.

    2015/16 (2015.9-2016.05) accumulated 1 million 541 thousand and 400 tons of imported cotton yarn, a decrease of 9.74% over the same period last year.

    In the first 5 months of 2016, China imported cotton yarn from India, Pakistan and Vietnam to account for China's imports.

    Cotton yarn

    The total volume is 72.7%, while Vietnam surpasses India, Pakistan and ranks first in China's cotton yarn imports.

    In the first 5 months, China imported 227 thousand and 400 tons of cotton yarn from Vietnam, accounting for 28.3% of the total imports, 197 thousand and 700 tons of cotton yarn imported from India, accounting for 24.6% of the total imports, and 158 thousand and 700 tons of cotton yarn imported from Pakistan, accounting for 19.8% of the total imports.

    Believe that with our country

    cotton

    With the gradual integration of international cotton prices, the competitive advantage of domestic cotton yarn will be gradually reflected, especially the Xinjiang cotton yarn with high quality and high price.

    India's domestic cotton prices are high, and cotton yarn prices will no longer have advantages in the short term.

    The amount of imported cotton yarn has been reduced, and the market share of domestic cotton yarn has been partially recovered, and its consumption of cotton will also return. Therefore, from the perspective of reducing imported cotton yarn, it is conducive to domestic cotton consumption.

    We expect that China's cotton yarn imports will be between 150-190 tons in 2016. If the amount of imported cotton yarn is 1 million 900 thousand tons, it will be reduced by nearly 450 thousand tons of cotton yarn than in 2015. According to the consumption rate of 1.1, it is nearly 500 thousand tons of cotton.

    In 2016, with the low growth of the world economy, the low external demand and the loss of China's demographic dividend, the export situation of China's manufacturing products is hard to improve.

    In dollar terms, exports in China decreased by 7.3% over the same period last year, and imports dropped 10.3% compared to the same period last year, with a trade surplus of US $217 billion 498 million. 1-5.

    Compared with the overall export volume which has dropped significantly over the past year, the export situation of textile and clothing in China in the first 5 months of 2016 is fairly good. In 2016 of 2016, China exported 101 billion 16 million US dollars of textile and clothing, a decrease of 1.98% compared with the same period last year, of which export textiles 43 billion 325 million US dollars, down 0.31% compared with the same period last year.

    clothing

    $57 billion 692 million, down 3.19% from a year ago.

    On the one hand, China's textile and clothing are facing the exclusion of external TPP and other agreements. On the other hand, it also faces the problem of high domestic labor cost. Especially for the garment industry, which has a very large proportion of labor cost, Southeast Asian countries have a very large competitive advantage.

    In such a difficult environment, it is not easy for China's textile and clothing exports to remain above the average export level.

    It is expected that the pressure of textile and clothing export in China is still small, and the pfer of low technology content will be a trend.


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