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The export demand for Xinjiang-origin combed and high-count yarn slipped amid the ban on Xinjiang
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The export demand for Xinjiang-origin combed and high-count yarn slipped amid the ban on Xinjiang

Views: 1     Author: Site Editor     Publish Time: 2023-01-05      Origin: Site

China is a big textile and apparel export country with high proportion of cotton textile exports. The main consumption in destinations including Europe, US and Japan was high-leveled textile and apparel while the consumed products in countries of South Asia were lower-leveled. Countries in Europe and US imposed sanction on Xinjiang cotton, especially US, making the demand for Xinjiang-origin high-leveled combed and high-count yarn reduced obviously. On the contrary, the sales of imported cotton yarn were relatively good, and prices were obviously higher. The price spread between imported cotton yarn and Xinjiang yarn enlarged from 1,000yuan/mt at previous stage to more than 6,000yuan/mt now. However, domestic sales without the limitation on cotton origin and the products exported to South Asia took low-leveled carded yarn as main feedstock. The slip of demand led to faster price falling of combed and high-count cotton yarn.

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