China’s cotton yarn imports increased by 66.24 per cent Y-o-Y in May’21 to 168,700 tonne, reports GACC. Cumulatively, from January to May 2021, the import of cotton yarn increased by 35.82 per cent to 975,200 tonne,

As per Apparel Resources, this increase in cotton yarn import can be attributed to reviving production and sales of cotton textiles and garments in China.

However, as per cotton yarn traders in customs clearance zones in Guangdong, Jiangsu and Zhejiang markets, the quotations of cotton yarn sourced from India, Pakistan and Vietnam are in line with prices of domestic cotton yarns of the same count and quality.

Upside down prices of per tonne yarns are making the scenario even complicated. The quotations of light textile market in coastal areas are concentrated at US $ 3,937-3,984/tonne, while the price of C32 package bleached yarn of India and Pakistan reaches US $ 4,020-4,051/tonne.