The Pattern Of China'S Import Yarn Market Has Changed Drastically.

Since March this year, China has imported more than 30 thousand tons of cotton yarn from Vietnam, and has remained at more than 30 thousand tons for several months.

Especially in July, imports exceeded India, reaching a historical peak of 34 thousand and 300 tons, accounting for 22% of China's total imports of cotton yarn.

Although there were differences between China and Vietnam on the South China Sea issue in 4 and May this year, a large-scale Chinese Exclusion event occurred in Vietnam, and some Chinese textile factories in Vietnam were attacked, but it did not seem to have any impact on the Sino Vietnamese cotton yarn trade. China's imports of cotton yarn from Vietnam remained high.

Recently, with the visit of Li Hongying, the special envoy of the Central Committee of the Communist Party of Vietnam, the relations between the two parties and the two countries will be improved and developed. This will also provide a good political environment for the development of Sino Vietnamese trade.

In contrast, India's cotton yarn has failed in recent months, falling from more than 60 thousand tons in January to 2 tons in March, and then more than 50 thousand tons in March, then dropped to more than 40 thousand tons in 4 and May, while in 6 and July it dropped to more than 30 thousand tons. The import volume in half a year dropped by nearly half, which means India.

The overall business volume of traders will drop by nearly half a year.

The main reasons are the Chinese cotton market with the country during this half year

The cotton price dropped sharply, and the main contract of zhengmian fell from about 18000 yuan per ton in January to about 14000 yuan per ton.

As China's cotton prices plummeted, international cotton prices also plummeted. ICE cotton fell to 60 cents / pound from 90 cents / pound, but during that time cotton prices in India have been fluctuating at 80-90 cents / pound, which is why India cotton yarn imports have dropped sharply.

Vietnam does not own much cotton, and the price of its imported cotton will go roughly with the international cotton price. Therefore, the cost of raw materials for Vietnamese textile mills is lower than that of India.

Cotton yarn, as the price vane of China's imported cotton yarn Market in the past one or two years, has also played an important role in the import of China's yarn market. The sharp decline of India's cotton yarn imports also has a great negative impact on China's import yarn market.

In the future, with the end of China's throwing and storage, the price of new cotton will surely be lower than the current price, and the price of China's real estate cotton yarn will also decline. Importing cotton yarn traders will have to consider carefully whether the price of their imported cotton yarn is competitive at that time and the trade pattern of imported cotton yarn after "throwing and storing time".