Cotton yarn imports of China are forecast at 73.7kt in Sep, down about 58.9%

As it is shown in the diagram above, cotton yarn imports have shown a step-like decline since March this year, and cotton yarn imports shrank sharply mainly due to the lack of domestic demand and ordering chance. Until the first half of July, spot market ushered restocking chance at low level after prices of ICE cotton futures fell back, and cotton yarn imports rose again since August. According to CCFGroup’s survey, cotton yarn imports will arrive intensively in the first half of September. The preliminary assessment of cotton yarn imports will reach 73.7Kt in September, down 58.9% on year and up about 11.33% on month with the increase of more than 8Kt.