According to customs statistics, my country imported 350,000 tons of cotton yarn from January to February 2021, an increase of 24.7% year-on-year; the import value of cotton yarn was US$858.8 million, an increase of 30.4% year-on-year; of which 210,000 tons were imported in January, and 210,000 tons were imported in February. Imported 140,000 tons. Cotton yarn imports in the first two months of 2021 were 70,000 tons higher than the same period in 2019, an increase of 25%.
The above data shows that despite the impact of unfavorable factors such as the COVID-19 epidemic, delays in the resumption of work and production by textile and clothing companies, and the upgrading of epidemic prevention and control, from January to February 2020 Cotton yarn imports remain basically the same as in the first two months of 2019. From the perspective of cotton yarn import structure, Vietnam, India, and Pakistan are still ranked among the top three countries. However, it is worth noting that the gap between India’s cotton yarn import volume and Vietnam’s yarn from January to February is constantly narrowing, while the gap between India’s cotton yarn import volume and that of cotton yarn produced in Pakistan, Indonesia, etc. The gap in import volume is gradually widening.
As for the reasons for the strong rebound in cotton yarn import volume and import value from January to February 2021, in addition to the low import volume base in the same period of 2020 and the impact of port loading and unloading and shipping due to the epidemic, there are also Including the following points:
First, before and after the Spring Festival, the quotation of domestic cotton yarn rose rapidly with the sharp rebound of ICE and Zheng cotton (the increase was even more than that of Zheng cotton). Port bonded and cargo Indian , Pakistan, and Vietnam yarn price advantages have emerged;
Second, since 2021, affected by the fiscal stimulus of quantitative easing in the United States and the ultra-loose currency of the Federal Reserve, the momentum of RMB appreciation has continued. In January, the RMB Appreciation increased by 0.83%;
Third, the ban on Xinjiang cotton product imports has not been lifted after Biden came to power. Export-oriented companies and processing companies are forced to continue to purchase cargo and bonded outer yarn. Replace cotton yarn and cotton textiles containing Xinjiang cotton to avoid the risk of being temporarily detained by the U.S. Customs and Border Protection and unable to perform the contract in a timely manner;
The fourth is domestic weaving around the Spring Festival in 2021 , clothing, domestic and foreign trade orders are relatively smooth, the production and sales rate is high, and the situation of resumption of work and production is very ideal. However, cotton yarn inventories of cotton mills and domestic traders are generally low. In order to meet production and speed up delivery of orders, downstream companies have issued bonded and spot orders. Inquiries and purchasing enthusiasm for yarns from India, Vietnam, and Pakistan are relatively high.
Judging from the survey, although my country’s exports of textile yarns, fabrics and products from January to February 2021 were US$22.1341 billion, a year-on-year increase of 60.8%, the performance of cotton yarn exports was relatively It is inferior (mainly high-count carded and combed yarns of 40S and above). The export volume of pure polyester yarn was 75,000 tons, a year-on-year increase of 25.1%, and the increase compared with 2019 also reached 20.4%; rayon yarn, blended yarn, etc. Export volume also increased significantly from January to February, which relieved the pressure on the slow growth of cotton yarn exports. </p
