Import Yarn Prices Continue To Widen, Vietnamese Yarn Is Riding On Dust.

According to customs statistics, China imported 150 thousand and 300 tons of cotton yarn in July 2019, a decrease of 4.14% compared to the same period, down 26.58% from the same period last year. In 1-7 months, China imported 1 million 182 thousand and 800 tons of cotton yarn, down 3.61% compared to the same period last year. It should be noted that in April 2019, China imported 192 thousand tons of cotton yarn, an increase of 22.09% over the same period last year. In 1-4 months, China imported 668 thousand tons of cotton yarn, an increase of 8.22% over the same period last year. It can be seen that China's cotton yarn imports began to "dive" in 5-7 months, and the decline was bigger and bigger. From "one meter board" to "three meter board" and then to "ten meter board" (5-7 months, the decrease was 0.79%, 19.90%, 26.58%), and the situation was precarious.

From the feedback of cotton yarn trade in Qingdao, Zhangjiagang, Ningbo, Guangzhou and other places, cotton yarn inquiry and shipment in August basically did not improve, and the phenomenon of small and medium sized enterprises in the bonded and clean cotton yarn inventory was larger than that in the small and medium sized businesses.

According to the data released, the top three countries of cotton yarn imports in July were Vietnam, India and Uzbekistan, with an import volume of 80 thousand and 600 tons, 15 thousand and 300 tons and 13 thousand and 100 tons (1-7 tons of cotton yarn imported from Vietnam, India and Uzbekistan respectively were 488 thousand and 900 tons, 229 thousand and 200 tons, 99 thousand and 300 tons, accounting for 41.43%, 19.42%, 8.42%). On the one hand, although China and Pakistan signed the second stage protocol of the FTA (the Pakistan customs import tariff), the export of Uzbekistan to China was still left behind, and was squeezed out by Uzbekistan. On the other hand, Vietnam's imports of yarn became stronger and stronger in the 6-7 months, leaving the streets of India, Uzbekistan and Pakistan.

For more than a week, port bonded and customs clearance were concentrated in C16S-C32S with high knitting yarn, medium and low grade yarn denim yarn, and compact spinning, JC21, JC32, JC40 yarn and C8S-C16S Pakistan siro spinning were continuing light and atmosphere. Textile mills and middlemen in Henan and other places said that since late August, Pakistan cotton mills, exporters and domestic traders were mainly dealing with the backlog, breach of contract and repurchase orders, and the enthusiasm of new futures yarn was not high; while the domestic cotton prices in India remained stable (the trend was different from that of ICE and international cotton spot prices), and the quotations of domestic mills and FOB and CNF continued to slide, resulting in a continuous decline in profits and even partial losses. In addition, the Federal Reserve's interest rate reduction and devaluation of RMB were not the worst, but the Chinese cotton yarn import market became the "stage" of Vietnamese yarn and Uzbekistan yarn (Zhong Yasha). Jiangsu,