According to China Customs statistics, the national yarn export value from January to October 2016 was US$9.14 billion, a decrease of 1.7%. The average export unit price was US$2.44/kg, down 13% year-on-year. The import amount was US$5.97 billion, a year-on-year decrease of 21.8%; the average import unit price was US$2.87/kg, a year-on-year decrease of 4%, and the decline narrowed.
1. In October, the export value of cotton yarn increased, while the export value of wool and animal hair yarn led the decline
Cotton yarn exports increased, with an increase of 1.4%, and the increase slightly expanded. The export value of woolen animal hair yarn, silk thread and chemical fiber yarn decreased, with exports of 40 million US dollars, 100 million US dollars and 540 million US dollars respectively, a decrease of 27.8%, 11.1% and 1.7% respectively
2. From January to October 2016, exports to ASEAN, the EU and Latin America increased, while exports to Japan and North America decreased.
From January to October 2016, the export volume to ASEAN was US$1.45 billion, an increase of 2.3%. Exports to Malaysia were US$240 million, an increase of 5%.
From January to October, China’s yarn exports to Hong Kong were US$1.09 billion, a decrease of 19.7%. China’s yarn exports to Japan were US$310 million, a decrease of 4.6%.
Exports to the EU continued their six-month upward trend, with exports reaching US$970 million, an increase of 3.9%. Exports to Türkiye increased, reaching 4.8%. Exports to Latin America increased by 16%. Exports to Brazil had the largest increase, with exports reaching US$280 million, an increase of 51.3%. Exports to North America declined, by 5.6%.
3. Among the major exporting provinces and cities, Zhejiang ranks first, and Shandong has the largest export growth.
Coastal provinces are the main force in yarn exports. Among the top ten export provinces and cities from January to October, Shandong had the largest growth, with an increase of 17.1%, and exports reached US$760 million. Exports from 13 provinces and cities exceeded US$100 million.
4. The export unit price of wool animal hair yarn has increased, while the export unit price of chemical fiber yarn, silk thread and cotton yarn has declined.
From January to October 2016, the export unit price of wool animal hair yarn was 31.9 US dollars/kg, an increase of 5.5%; chemical fiber yarn, silk yarn and cotton yarn decreased by 6.2%, 6% and 9.8% respectively.
5. Related links
The price of cotton pulp is relatively unclear. On the one hand, most cotton pulp mills have fallen into losses and reduced their loads, resulting in less pressure on inventory sales. Downstream viscose factories are not very enthusiastic about purchasing, and both upstream and downstream are in a stalemate on price.
Viscose market conditions
Viscose staple fiber prices rose steadily this week. At the beginning of the week, the quotations of some mainstream mid-range manufacturers still increased by 100 yuan/ton. The mainstream mid-range quotations were raised to 15,300-15,700 yuan/ton, and the high-end quotations remained at 15,500-15,700 yuan/ton. .
After concentrated downstream stocking last week, phased purchasing has come to an end this week, and the production and sales momentum has slightly flattened. Viscose factories are actively implementing early payment collections, contacting shipments, and implementing early contracts. Industry inventories have mostly declined significantly.
Viscose staple fiber bottomed out and rebounded. As the industry had few over-signings and there was still pressure to destock before the year, viscose factories tended to be cautious in raising prices. It is expected that there will still be a slight tentative increase in market prices next week, focusing on pulp negotiations.
