China's cotton yarn imports increased significantly in August 2023

In August, imports of textile and apparel products continued to grow, increasing by 4.0% for the month, primarily driven by growth in textile imports. Textile imports reached US\$1.11 billion, a year-on-year increase of 19%. Yarn imports increased by 79.5% year-on-year, mainly due to increased import volume. Yarn imports surged by 79.5% in August, with cotton yarn being the major contributor. Cotton yarn imports increased significantly by 134.4% in August. Imports from the top five major sources all increased significantly, with cotton yarn imports from India surging by 6202.8%, while imports from Pakistan and Uzbekistan increased by over 100%. However, imports from Malaysia decreased by 9.8%.
The main reasons are as follows:
According to feedback from companies, yarn mills in Southeast Asian countries such as India have resumed operations, and cotton yarn prices are low. Starting in the second quarter of this year, traders placed large orders. However, due to weakening domestic yarn prices and significant exchange rate fluctuations, some yarn shipments were delayed, with concentrated customs clearance in July and August, resulting in a surge reflected in the August yarn import data. In addition, with increased subsidies for the return journey of China-Europe freight trains, the import subsidy for a container can cover the freight from Alataw Pass to inland China, leading to an increase in yarn imports from Uzbekistan.
Industry insiders predict that due to the support of trader financing, imports are expected to maintain a growth trend in the fourth quarter.
From January to August 2023, China imported US\$3.72 billion worth of yarn, down 6.4% year-on-year, and 1.247 million tons, up 11.9% year-on-year. Cotton yarn accounts for 70% of total yarn imports. From January to August, cotton yarn imports totaled US\$2.68 billion, down 4.0% year-on-year, with a quantity of 1.023 million tons, up 18.3% year-on-year; chemical fiber imports reached US\$890 million, down 10.6% year-on-year; silk yarn and wool/animal yarn imports were US\$1.554 million and US\$90 million, respectively, down 8.1% and up 0.7% year-on-year.
The top five sources of imported cotton yarn are all from Asia, accounting for 90% of the total. Vietnam has consistently ranked as the top source of cotton yarn imports. From January to August 2023, China imported 490,000 tons of cotton yarn from Vietnam, down 28.2% year-on-year, accounting for 47.8% of total cotton yarn imports, with an import value of US\$1.31 billion, down 17.6% year-on-year, accounting for 48.7% of total imports. Among the top three cotton yarn import markets, imports of Pakistani cotton yarn turned from a decrease to an increase, up 6.8% year-on-year, and imports of Indian cotton yarn increased significantly by 129.3%.
 

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China's fabric exports in August 2023 decreased year-on-year

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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