Can rayon yarn export of China sustain strong momentum?

China totally exports 28.409kt of rayon yarn in May 2022, up 236.23% y-o-y, including 22.831kt of single yarn and 1.533kt of ply yarn, respectively up 479.41% and 27.87% on yearly basis. Thus, the export of pure spun yarn occupies 86% of total rayon yarn exports. At the same time, the export of rayon blended yarn is 4.044kt, up 22.18% y-o-y. In May, the export of rayon yarn continues to set a record high compared with the same period of past years, which is also the second highest next to Sep, 2020.

Rayon single yarn exported to five destinations (Brazil, Bangladesh, Pakistan, India and Vietnam) in May amounts to 21.589kt, up 572% y-o-y, accounting for 95% of total single yarn exports. The share of India has been increasing, which is as high as 69% in May, hitting historic high. The percentage of Brazil and Bangladesh is respectively 13% and 11%, showing high concentration of single yarn export, but the top destination has changed from Brazil to India.

Rayon single yarn exported from Jiangsu, Zhejiang, Fujian, Xinjiang and Sichuan totals 22.391kt in May, surging 506% y-o-y, taking up 98% of total single yarn exports. The increment is mainly contributed by Jiangsu whose export volume is 8.29kt, up 3.181kt m-o-m. The export from other areas does not change much.

To sum up, rayon yarn export of China continues to hit new highs in May, which is also the second highest export volume in a single month. The huge y-o-y increase is contributed by lower number in the same period of last year. As for the destinations of single yarn export, India has overtaken Brazil to rank the top place by taking up 69% of total export volume and the major origin of China is Jiangsu province.