Recently RMB Exchange Rate Has Risen, Import Yarn Market Advantage Has Been Enhanced.

Recently, the rise of the RMB exchange rate was mainly influenced by the peak of the seasonal settlement of foreign exchange in the beginning of the year, the favorable release of Sino US trade negotiations and the US dollar index. It is estimated that the probability of deep depreciation of exchange rate in January 2019 is not large.

Even if it is based on stability, the exchange rate rise at this stage still has a certain impact on import and export products. A yarn dealer said that the RMB exchange rate rose recently, the import yarn market advantage increased, or the domestic yarn market was impacted.

The picture shows that the price of cotton yarn is more than 200 yuan / ton, and the highest price difference has reached 1000 yuan / ton. According to the rule of past years, the price difference is still fluctuating among the districts. Can this have a certain impact on domestic yarn?

It is understood that the fluctuation of China's cotton yarn imports was small in 2016 -2017. In 1-11 months of 2017, China imported 1 million 795 thousand and 300 tons of cotton yarn, an increase of 1.40% over the same period last year. In 2018 1-11, China's cotton yarn imports amounted to 1 million 910 thousand tons, an increase of 6.3% over the same period last year. According to the insiders, for the low count yarn below 32 yarns, the advantage is lower than that of domestic yarn. 32 to 40 yarn and 300 yuan / ton (up to 500 yuan / ton) of imported yarn have advantages; 40 or more combs and carpets have no advantage over Chinese yarn due to quality reasons.