China's PSF export change in Apr, 2024

According to the China Customs, uncombed or uncarded PSF exports of China reached 104kt in Apr, 2024, down 2.0% year on year and 7.3% month on month. Imports were about 8,000 tons, up 4.4% year on year and up 1.6% month on month.

In Jan-Apr 2024, the exports amounted to 383kt, down 5.8% from the same period of 2023, but were still the second highest during 2019-2024.

In terms of the top 10 export destinations in the first four months, Vietnam remained the largest export markets, with a volume of 82,834 tons, up about 29.58% from the same period of 2023. Pakistan ranked the second place, with a volume of 34,013 tons, down 32.08% year on year. Exports to Indonesia saw the largest decline, down by 55% or 12,727 tons year on year. Exports to Brazil also declined obviously affected by the anti-dumping investigation.

In the past few years, the development of Chinese refining-chemical integration not only optimize own industrial chain, but also gains obvious cost advantages on international market. Therefore, direct-spun PSF has much stronger competitiveness on international market, and some traditional textile countries, like Pakistan, Vietnam, Bangladesh and Turkey, turn to import from yarn to PSF. Nevertheless, there is a new round of anti-dumping investigation. Brazil has started in the first quarter, and there are rumors that the United States will take action later. Keep an eye on the development in the future.