Cotton yarn imports of China in Nov

Cotton yarn imports of China in Nov reached 143kt, down 11.6% on the year and up 20.2% on the month. It amounted to about 1,862kt cumulatively in Jan-Nov 2021, up 14.2% year on year, and up 0.8% from the same period of 2019. The imports in the fourth quarter declined obviously. Since Chinese traders purchased intensively in Sep and the first half of Oct, they have not purchased at large amounts, so the arrivals in Nov-Dec were limited. But there were still supports from foreign markets like reflow of overseas investment, financing demand and dependency of end-user on products. By comparison, the imports in Dec is initially assessed at 137kt, down about 17.5% on the year and 4.3% on the month and it is expected to amount to about two million tons in the whole 2021, up 11.3%.