Abrupt Rise Of Vietnamese Yarn, How Do Indians View The Situation?

Despite the sharp increase in Vietnamese yarn imports in recent months, it is still necessary to see whether the yarn quality problem can be resolved. Cotton importing countries have always reflected that India yarn is better than Vietnamese yarn.

Moreover, with the entry into force of TPP, Vietnamese yarn will be used all over the country.

In addition, Xinjiang plans to achieve 18 million spindles of textile production by 2020, and the demand for imported yarn will drop sharply.

Taking into account these factors, India cotton mills and exporters are developing more scientific strategies to integrate yarn production and expand domestic downstream markets.

Demand.

In addition, experts believe that if India wants to restore its market share and establish a more effective global supply chain, it must reduce tariffs.

Compared with Vietnam, South Korea, Indonesia and Pakistan, the tariff of India gauze is particularly prominent. This will make India gauze lose its terminal consumers and make India disadvantaged in competition.

Most experts believe that in the near future

The volatility is worrying.

In the short term, India mills are forced to cut production to ensure a balanced supply and demand in the market. This year, the price difference between cotton and cotton yarn has reached the largest in history, causing many manufacturers to suffer huge losses.

In July this year, India's yarn exports to China dropped by 75% compared to the same period last year. Such a serious decline has brought huge pain to India's spinning production.

However, a reduction in production will have an immediate effect on the supply of the market, bringing sudden pressure to the supply season in the beginning of November.

The Textile Export Promotion Association of India said recently that there has been a great change in the global yarn market this year. The main reason is that the reduction of China's cotton yarn imports and the narrowing of the price difference between the inside and outside yarn are the direct reasons for the reduction of China's cotton yarn imports.

The reduction of China's cotton yarn imports has two positive and negative effects on the global cotton yarn supply.

In the short term, the downturn in global market environment and rising cotton prices have led to a decline in demand for imported yarn. But in the long run, as China's domestic yarn supply capability has improved, China is still moving towards high value-added products, and there is still demand for certain types of fabrics. India has started walking on two legs for its survival, and on the one hand, it has increased its textile downstream.

To expand the yarn consumption in the domestic market, and to pfer yarn exports to other regions to reduce dependence on the Chinese market.

India TT company official said that in the past year

The sudden rise of the line has accounted for a growing share of the global market.

Thanks to the advantage of Vietnamese yarn price ratio, the import of Vietnamese yarn by Chinese textile mills increased significantly.

With the gradual loss of Chinese market in India and Pakistan, the development of Xinjiang textile has accelerated the market share of Vietnam yarn in China.

Although India's cotton yarn is still the most competitive in the world, India yarn imports related duties, while Vietnamese yarn and Indonesian yarn have no customs duties, which enables Bangladesh to buy the cheapest cotton yarn in the global market, and its products are naturally most competitive.