1. Chinese cotton yarn imports reached 58.7Kt in July, 2022   In July 2022, Chinese cotton yarn imports reached 58.7Kt, decreased by 40% m-o-m to the lowest point 38.6Kt this year, and only accounted for 35% the same month last year. Up to now, the total imports this year reached 750Kt. Order chance was hard to appear again in short term amid the surge of exchange rate, and imported yarn volume is expected to shrink month by month gradually as international cotton prices fluctuated at high level.   2. Cotton yarn imports by origin and counts     Counts Imports in June(mt) Imports in July(mt) Proportion Carded yarns with less than 8 counts 13,253 10,336 17.62% Carded yarns with 8-25 counts 59,657 38,032 64.83% Carded yarns with 25-30 counts 4,846 1,381 2.35% Carded yarns with 30-47 counts 10,965 1,837 3.13% Combed yarns with 8-25 counts 2,361 2,024 3.45% Combed yarns with 25-30 counts 1,242 1,217 2.07% Combed yarns with 30-47 counts 1,976 1,729 2.95% Others 2,943 2,112 3.60%   Analyzing from the origins of imported cotton yarns in July, although the total amount slipped sharply, the proportion of Vietnamese yarn still rose slightly to 60%, and Pakistani yarn continued to occupy the second place with a proportion of 15%. Malaysian imported yarn rose to the third one and accounted for 7% due to slight falling range. Meanwhile, specification proportion of cotton yarn arrivals also changed. The arrivals of combed yarn have fluctuated little on the whole while the arrivals of carded yarns with different counts all dropped greatly. Among them, the arrivals of single yarn with 8-25 counts only reached 38Kt in July, dropped by about 21Kt m-o-m. The arrivals of yarn with 30-47 counts changed most dramatically as the arrivals shrank 80% m-o-m and only reached 1,837mt. It can also be seen from structure change of count that imported carded yarns with 32 counts and the count above that were mostly possible to be replaced by domestic yarn due to price disadvantages. At present, scarce traceability orders couldn’t support imported yarn demand and led the market to gradual adjustment, and the supply of spot imported yarn continued to tighten.   3. Imported volume of cotton yarn from major origins in 2022           Country Import amount in June,2022(million tons) y-o-y（%） Vietnam 3.52 -54.03% India 0.056 -97.90% Pakistan 0.88 -51.42% Uzbekistan 0.127 -94.29%   From above charts, yarn imports in July showed a downward trend. The cotton yarn imports were less than 1kt from India. At present, there were still scarce pre-ordered low-count ring-spun Indian cotton yarn in the market, and the loss reached 100,000yuan per container. After the implementation of the Xinjiang cotton ban, the spot prices of Uzbekistan yarn dropped greatly in line with Chinese cotton yarns. The demand in market weakened further, and imports in July dropped to one-tenth of those in June.