Many Textile Enterprises Pressure Huge Cotton Yarn Import Why Chain?

According to customs statistics, in April, China imported 141 thousand tons of cotton yarn, a decrease of 22.73% compared to the same period, a decrease of 14.35% compared with the same period last year. In 2017, 1-4 months, China imported 671 thousand and 200 tons of cotton yarn, an increase of 6.10% compared to the same period last year. In 1, 2 and March, China's cotton yarn imports reached 174 thousand and 300 tons, 173 thousand and 500 tons and 182 thousand and 500 tons respectively, representing an increase of 182 thousand and 500, 182 thousand and 500 and -4.24% respectively.

From the detailed statistics, the most obvious decline is India. The proportion of imported yarn slipped to more than 63% of the total (Vietnamese yarn imports also declined, but the decline was smaller). The more 8-25S slipped was the single yarn of the 8-25S combed yarn. What causes the cotton yarn import chain drop in April?

First,

Things are not beautiful, the price is not cheap, the mills and exporters lifted their own feet, and the focus of Chinese textile enterprises and middleman returned home.

3, in April, domestic cotton prices continued to rise, the India rupee continued to strengthen against the US dollar and the domestic wage and energy costs rose. The price of India cotton yarn FOB, CNF and CIF jumped. The overall price of combed yarn and combed yarn increased by 0.15-0.20 US dollars / kg; the difference between C20S-C32 and JC21-JC32S Vietnam gauze and India yarn was once raised to 0.20-0.25 US dollars / kg; C21S, C32S bag bleaching and dyeing of India yarn and domestic cotton yarn had reached 1200-1500 yuan / ton; some India mills had delayed shipment, negotiated cancellation or buyback contracts and other ways to reduce the loss, and Chinese buyers had raised concerns about Pakistan, Indonesia, Thailand and other textile products in March and March.

Second,

The cost of spinning mill is greatly reduced and the competitiveness of domestic yarn is enhanced.

Since the start of the sale of cotton in March 6th, the total volume has reached 1 million 380 thousand and 400 tons as of June 7th, of which nearly 100% of Xinjiang's cotton resources have been sold, compared with the price of 16000-16400 yuan / ton of double 28/ double 29 Xinjiang cotton in 5 and June 2016/17. The reserve of Xinjiang cotton is only 15400-15600 yuan / ton (14300-14600 yuan / ton of real estate cotton), which is lower than the spot price of 500-800 yuan / ton, and plays a key role in reducing the cost of C21S-C40S and JC21-JC32S yarn.

From the survey of textile enterprises in Henan, Hebei, Jiangsu, Shandong and other places, although the wholesale price of cotton yarn has been reduced by 300-400 yuan / ton since the end of 5 months, the cotton mill still has profits, not losing money, but is slow in production and marketing.

Third, in 3 and April, the RMB continued to depreciate against cotton.

Imports are more influential.

In the first place, the depreciation means that the weaving factories and middlemen need to pay higher cost to import the outer yarns of India and Vietnam, and deepen the internal and external cotton yarn upside down. Secondly, the RMB has been pformed many times during the great devaluation and the great appreciation, and the risk of import and export is greater. Thirdly, the worry of the Federal Reserve's interest rate increase in June and the slight shrinkage of the table made the cotton yarn importers slow down. In addition, from the feedback of some enterprises, the credit policy that continued to shrink in 2017 has a great influence on the cotton and cotton yarn import enterprises. With the decline of the credit line, the tighter examination and the longer and longer the time, the small and medium importers are also encountering bottlenecks on behalf of the large enterprises. Influence of exchange rate

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