Quotation Today: Customs Data 150000 Tons Of Imported Cotton Yarn In December 2024

According to customs statistics, China imported 150000 tons of cotton yarn in December 2024, an increase of 25% month on month and a decrease of about 3.15% year on year. Among them, the proportion of 25S and below combed yarns exceeds 80%, especially the import volume of 8S-16S coarse count yarns (including rotor spinning, ring spinning and siro spinning) increases significantly. The medium and high count coarse yarns from Vietnam, India, Malaysia, Pakistan, Thailand and other places of origin are widely concerned by domestic cloth mills/cotton yarn traders, which is in sharp contrast to the continued weakness of the import of C40S and above count cotton yarns (including combed yarns).

Some light textile companies in Foshan, Shaoxing and other places reported that due to the large difference in cotton blending of Indian OE8S-OE32S cotton yarn, and the high premium rate of brands and large factories, the FOB/CNF/CIF quotation gap is also prominent, requiring buyers to compare goods and repeatedly inquire, and the best port to see the large goods before issuing the actual order. In the past more than a month, the bonded/spot pure cotton yarn shipments in Malaysia and Thailand have been relatively smooth. In addition to the fact that American cotton and Brazilian cotton are the main cotton blends, the U.S. dollar resource quotation has certain advantages over Indian and Vietnamese yarns, which is also an important factor. Since December, cloth mills/traders in Jiangsu, Zhejiang, Guangdong, Fujian and other places have replenished their stocks of imported coarse count cotton yarn in varying degrees to meet the demand for centralized startup after the festival

According to the survey, since the end of January, the US dollar resource quotations of cotton yarn from China's main ports have generally stabilized, and the cotton yarn outer disks of Vietnam, Taiwan, India, Pakistan and other countries have shown strong performance. On the one hand, because most of the downstream weaving mills have been on holiday, production has stopped, and the cotton yarn market has gradually stagnated; On the other hand, the operating rate of some cotton mills in Vietnam, Pakistan and other countries has declined, the export capacity of cotton yarn has weakened, and the sentiment of cotton mills and export enterprises to support prices is strong. In addition, the main contract of ICE cotton futures continued to consolidate in the range of 66-68 cents/pound, further decline was supported.