Cotton yarn imports have slipped obviously since this year

Cotton yarn imports have slipped obviously since this year. Amid slack sales and losses for a long time, traders in spot imported yarn market had to reduce the stocking of imported cotton yarn to fit into continuous adjustment of supply and demand situation in China. At present, cotton yarn imports this year is assessed at 1,100Kt, down from 1300Kt. In the future, imported cotton yarn still has chance with continuous falling back of Indian cotton and ICE cotton futures prices. Forward yarn mills may turn over the long-term loss condition, and gradually improve the operating rate. Meanwhile, the compress of cost may recover the profit of imported cotton yarn.