In September 2023, both China's yarn imports and exports saw growth.

September's monthly exports continued to grow
 
According to customs data, in September 2023, China's total yarn import and export value reached US$1.83 billion, a year-on-year increase of 24%. Exports reached US$1.2 billion, a year-on-year increase of 9.4%. Exports to India, Egypt, and Turkey saw significant year-on-year growth of 74.6%, 97.2%, and 32.3% respectively. The market has shown some recovery compared to previous months. As overseas destocking comes to an end, coupled with the upcoming peak sales season in the fourth quarter, customers are showing greater interest in discussing new projects.
 
September's monthly imports increased significantly
 
In September, China's main yarn imports saw a year-on-year increase of 78.9%, driving a 66.4% year-on-year increase in import value. Cotton yarn was the main driver of import growth. Since July, cotton yarn imports have continued to grow significantly by over 100%. In September, cotton yarn imports increased by 107% year-on-year, but this was a decrease from the previous month. Among the top five import sources, all except Malaysia saw significant increases. Cotton yarn imports from India increased 45 times, although the growth rate slowed compared to the previous month. Imports from Pakistan and Uzbekistan increased by over 100% and 200% respectively. Imports from Vietnam continued to grow in double digits.
 
The main reasons for the growth include: The price difference between domestic and international cotton changed from negative to positive, making imported yarn profitable and opening up the space for cotton yarn imports; demand in Europe and the United States continued to recover, destocking neared its end, and order numbers rebounded; the quantity of imported yarn and cotton yarn has dropped sharply since the second half of last year and remained at a low level; port inventories of imported yarn also remained at a low level of 60,000-90,000 tons, and traders had a relatively strong desire to replenish their stocks.

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Sales trends of international clothing brands

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From January to September 2023, China's total import and export volume of textile printing and dyeing auxiliaries 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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