China Development News According to the National Development and Reform Commission website Customs data showed that in March 2023, China’s exports of textiles and garments amounted to US$26.39 billion, up 19.9 per cent year-on-year. Among them, exports of textiles (including textile yarns, fabrics and products) amounted to US$12.905 billion, up 9.5% year-on-year; exports of garments (including clothing and clothing accessories) amounted to US$13.485 billion, up 31.9% year-on-year.
From January to March 2023, China’s accumulated exports of textiles and garments amounted to US$67.231 billion, down 6.8% year-on-year, of which the accumulated exports of textiles amounted to US$32.07 billion, down 12.1% year-on-year; the accumulated exports of garments amounted to US$35.161 billion, down 1.3% year-on-year.
It is reported that China is the world’s largest producer and consumer, as well as the largest exporter of textiles and clothing. 2022, the national cotton production of 5.977 million tons, an increase of 4.3% year-on-year, the advantages of the cotton industry in Xinjiang to further consolidate; China’s total exports of textiles and clothing increased by 2.5% year-on-year.
From January to March, China’s accumulated imports of cotton yarn 291,000 tons
According to customs data, from January to March 2023, China’s cumulative imports of cotton yarn 291,000 tons, down 84,000 tons, or 22.4% year-on-year. Among them, in March imported 137,000 tons of cotton yarn, an increase of 13,000 tons or 10.3% year-on-year, and 43,000 tons or 45.8% ringgit. As of March 2023,2022/2023 cotton year (September 2022-August 2023), China’s cumulative imports of cotton yarn 602,000 tons, a year-on-year decrease of 402,000 tons, a decline of 40.1%.
From January to March, China imported a total of 297,000 tons of cotton
From January to March 2023, China imported a total of 297,000 tons of cotton, down 320,000 tons or 51.9% year-on-year. Among them, 72,000 tons of cotton were imported in March, down 132,000 tons or 64.6% year-on-year, and 13,000 tons or 14.9% year-on-year. As of March 2023, for the 2022/2023 cotton year (September 2022-August 2023), China imported a total of 864,000 tonnes of cotton, down 121,000 tonnes or 12.3% year-on-year.
In April, domestic cotton yarn market prices fell slightly
In April, prices in the domestic cotton yarn market fell slightly. According to data from the National Cotton Market Monitoring System, on April 28, the price index of C32S carded yarn in China was RMB 23035 per tonne, down RMB 260 per tonne, or 1.1 per cent, ring wise, and down RMB 5610 per tonne, or 19.6 per cent, year on year; on April 28, the average price of C32S carded yarn from major importing countries was RMB 23,451 per tonne, down RMB 223 per tonne, or 1 per cent, ring wise, and The average price of C32S carded yarn in the main importing countries was RMB 23,451 per tonne on 28 April, down RMB 223 per tonne, or 1 per cent, and RMB 7,876 per tonne, or 25.1 per cent, year-on-year. Domestic yarn prices were lower than imported yarn by RMB416 per tonne.
Domestic cotton futures rose sharply in April
In April, domestic cotton futures rose sharply, with spot prices following suit. 28 April, the main cotton futures contract on the Zhengzhou Commodity Exchange settled at RMB15,370/mt, up RMB1,050/mt, or 7.3%, and down RMB6,125/mt, or 28.5%, year-on-year; the national cotton price B index, representing spot market prices, rose RMB15,766/mt, or RMB472/mt, year-on-year. Yuan/tonne, up 3.1%, down 6,572 Yuan/tonne, down 29.4%.
In April, international cotton futures prices shocked downward
In April, international cotton futures prices shocked downward, spot prices have fallen. 28 April, the United States
Cotton futures main contract settlement price of 80.8 cents / pound, down 2 cents / pound, down 2.4%, down 66.9 cents / pound, down 45.3%; on behalf of the international cotton spot price Cotlook A index of 93.15 cents / pound, down 4.4 cents / pound, down 4.5%, down 65.9 cents / pound, down 41.4%.
By the end of April, the national purchase lint processing rate was 99.9%
According to the national cotton market monitoring system, as of the end of April, the national lint processing rate was 99.9%, down 0.1 percentage points year-on-year and 0.1 percentage points higher than the average value of the past four years, of which the processing rate in Xinjiang was 99.9%, down 0.1 percentage points year-on-year and 0.1 percentage points lower than the average value of the past four years; the national lint sales rate was 81.7%, up The national lint sales rate was 81.7%, up 32.8 percentage points year-on-year and 11 percentage points higher than the average value in the past four years, of which the sales rate in Xinjiang was 81.9%, up 35.8 percentage points year-on-year and 12 percentage points higher than the average value in the past four years.
Post time: May-25-2023