South-east Asia cotton yarn exporters saw sales driven up by procurement and stock-up from China

South-east Asia cotton yarn exporters saw sales driven up by procurement and stock-up from China. Foreign offers climbed up after inventory declined, and the opportunities for replenishment after Spring Festival decreased accordingly. According the latest export report released by China Customs, the monthly export of Vietnamese cotton yarn remained relatively steady, with those exporting to China floating around 30-40%, and the arrivals in Spring Festival was estimated around 36.5kt. It is noted that the operational profit of Pakistani yarn rose to 1,500yuan/mt before Spring Festival, leading to a rise in export from 12.4kt in last Nov to 17.3kt in Dec. And later arrival of Pakistani cotton yarn would probably increase by 50% to 8.5kt. Besides, monthly export of China Taiwan cotton yarn reached above 7kt, accounting for a considerable share in domestic market.