China’s cotton yarn imports increased by 66.24 per cent year on year in May’21 to 168,700 ton, estimates GACC. As per Textile Focus, from January-May 2021, China’s Cotton yarn imports increased by 35.82 percent totaling 975,200 ton. A report in Apparel Resources attributes this increase in cotton yarn imports to the revival of cotton textile and garment production and sales in China.
According to cotton yarn traders in customs clearance zones at Guangdong, Jiangsu, and Zhejiang markets, quotations for cotton yarn sourced from India, Pakistan, and Vietnam are comparable to domestic cotton yarn prices of the same count and quality. The per ton yarn prices are falling. Light textile market quotations in coastal areas are concentrated at $3,937-3,984/ton, while the price of C32 package bleached yarn in India and Pakistan reaches $4,020-4,051/ton.