China's blended yarn imports increase in Nov

I. China's cotton yarn imports totaled 109.4kt in Nov

In Nov 2024, China's cotton yarn imports were around 109.4kt, a decrease of 2,600 tons compared with October, but there was a significant gap compared with that in November of last year. The import volume of cotton yarn decreased by 31.7kt year-on-year. From Jan-Nov 2024, China's total import of cotton yarn reached 1.234 million tons. Since November, the import cost of cotton yarn has been continuously pushed up by the exchange rate, and the difficulty in operation has increased sharply. It is expected that the arrival volume in December will still remain at a relatively low level.

II China's cotton yarn imports by origin in Nov 2024

In November, China's imports of Vietnamese yarn were approximately 59.3kt. Its share dropped by 3 percentage points compared with that of the previous month to 55%. Secondly, Pakistani yarn imports climbed to 17.5kt in November, with an increase of 5,400 tons compared with the previous month in terms of import volume, accounting for about 16% of the share. In November, China's total imports of Malaysian cotton yarn were 7,173 tons, and the import volume of Indian yarn was about 7,098 tons; both saw a slight increase compared with that in October. The import volume of Uzbekistani yarn did not fluctuate much, and the arrival volume in November was around 5,300 tons.

III. China's cotton yarn imports by structure in Nov 2024

In November, the specifications of China's imported cotton yarn continued those in October. The carded single yarn below 8s accounted for 24.61%, with a total of 26.9kt. As for the carded single cotton yarn 8-25s, the total import volume in November was approximately 57.1kt, and its import share continued to decline slightly to 52.22%. The open-end yarn within this range also became relatively popular from November to December. The total import volume of carded single yarn 30-47s was 9,778 tons, mainly coming from Vietnam, Uzbekistan, Malaysia and Indonesia. Due to the excessively high prices, the imports of Indian yarn 32s and 40s were temporarily suspended. As the price difference between overseas combed yarns and domestic combed yarns was too large on the whole, the inflow of imported combed yarns also decreased significantly.

IV. China's blended cotton yarn imports in Nov 2024

In Nov 2024, China's imports of blended cotton yarn continued to climb to around 13.4kt. From January to November 2024, the cumulative import volume of blended cotton yarn has totaled 132.8kt. Among the imported blended cotton yarn, carded yarn 8-25s represents about 42% of the total, with a total of 5,599 tons arriving. The import volume of combed single yarn 25-30s increased relatively rapidly, with a total arrival of 2,672 tons in November, and its import share rose to approximately 20%. Since December, driven by the essential demand of export orders with traceability requirement, the sales of imported blended cotton have witnessed phased improvements. The overall downgrade of overseas demand has also led to an increasing tendency in the usage of ring-spun cotton yarn.