Firstly, Mr. Zheng reviewed price spread between imported and China-origin cotton and cotton yarn. Price advantage of imported cotton yarn weakens and price of imported cotton yarn is sometimes higher than China-origin one while Some imported cotton yarns still enjoys advantage. Profit of spot Indian C32S for air-jet is low.

Import of cotton yarn amounts to around 1184kt, up 19.9 y-o-y. (Import of cotton in Jan-Jun, 2015 is around 933kt, 251kt less than imported cotton yarn. Imports of cotton yarn　from Vietnam were steady, but that from India increased first and declined later. China cotton yarn imports gradually exceed cotton imports viewed from historical cycle. In terms of China cotton yarn monthly import, price gap between Chinese and foreign cotton will influence the cotton yarn imports and time is about 6 months lagged. According to this law, the decrease of price spread is supposed to lead to falling cotton　yarn imports in China.

Imported cotton yarn ever invaded on the huge cotton spreads between domestic and imported cotton, but now there are more reasons…