China's Cotton Yarn Imports by Structure And by Origin in Aug 2024

Currently, the dominant specifications of imported cotton yarn continue to focus on coarse count open-end yarn, ring-spun yarn, and siro-spun yarns. The continuation of a low-profit and high-risk environment has suppressed import demand in the domestic market. In terms of specific specifications, the total import volume of carded yarn 8-25s totaled 48.2kt in August, accounting for 49.9% of total imports. Additionally, carded yarn below 8s reached 17.56kt this month, with a significant increase in the share of Vietnamese yarn, rising from nearly half to 67.48%. It's primarily due to the firm price of Pakistani siro-spun yarn, which has led to a partial shift of domestic import demand towards Vietnamese open-end and siro-spun alternatives. Meanwhile, the share of open-end yarn from Taiwan has continued to decline after the suspension of tariff reductions, resulting in sluggish sales. In August, the total import volume of carded yarn 30-47s totaled 15.5kt, with imports of Uzbekistani yarn in this specification range sharply dropping to 5,297 tons, while Vietnamese yarn remained relatively stable at around 5,537 tons. Imports from Malaysia decreased to 480 tons, and Indonesian yarn has virtually disappeared from the market due to high prices.