Gauze Inventory Level Is Low, Cotton Yarn Imports Record High

According to the national cotton market monitoring system, as of the beginning of May, the National Cotton Industrial inventory was about 1.004 million tons, an increase of 4.5% on a month on month basis; Yarn inventory was 11.5 days, decreased by 1.8 days on a month on month basis and 18.5 days on year; The storage time of cloth warehouse was 37.7 days, an increase of 2.1 days on a month on month basis, and a decrease of 11.1 days on a year-on-year basis.

Cotton yarn imports record high

According to customs statistics, China's cotton yarn import volume in April was 230000 tons, an increase of 10000 tons or 4.55% over the previous month; Compared with the same period last year, it increased by 90000 tons or 64.3%.

For two consecutive months, the import volume of cotton yarn has reached a new high. The main reasons are as follows: with the decline of ice cotton, the price of cotton yarn has been lowered, and the appreciation of RMB has led to the reduction of import cost, and the price has a greater advantage over domestic yarn; Affected by the limited use of Xinjiang cotton, foreign trade production enterprises expand the purchase of imported yarn to avoid risks and increase the consumption of imported cotton yarn.