China's yarn exports decreased year-on-year from January to November 2023


According to customs data, from January to November 2023, the total import and export value of yarn reached US$18.17 billion, a year-on-year decrease of 3.7%. Exports totaled US$12.71 billion, down 8.5% year-on-year, narrowing by 4.8 percentage points compared to the third quarter; imports reached US$5.46 billion, up 9.6% year-on-year.
In November 2023 alone, China's yarn exports amounted to US$1.06 billion, down 4.0% year-on-year; exports totaled 495,000 tons, up 3.3% year-on-year. China's yarn imports reached US$530 million, up 56.5% year-on-year; imports totaled 186,000 tons, up 71% year-on-year. Yarn imports boosted textile imports by 21.8 percentage points and textile and apparel imports by 10.7 percentage points.
Due to a large price difference between domestic and imported cotton yarn in the second quarter, import orders remained high, leading to a surge in recent yarn imports. In November, cotton yarn exports from India and Pakistan to China increased by 760.8% and 278.1%, respectively. According to feedback from several cotton yarn trading companies and weaving mills in Jiangsu, Shandong, and Zhejiang provinces, it is expected that cotton yarn exports from Pakistan and India to China will remain high from December 2023 to February 2024, with year-on-year growth likely to continue.

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.


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.


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.


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.