According to the latest statistics from the General Administration of Customs, my country imported 161,272 tons of foreign cotton in June, including 5,767 tons of Indian cotton, 14,641 tons of Uzbekistan cotton, 84,028 tons of US cotton, and 35,239 tons of Australian cotton. From January to June, my country imported a total of 932,906 tons of foreign cotton, including 174,866 tons of Indian cotton, 115,054 tons of Uzbekistan cotton, 436,542 tons of US cotton, and 47,937 tons of Australian cotton.
According to statistics, foreign cotton imports in June decreased by 1,633 tons from the previous month, of which Indian cotton imports dropped significantly by 68%, US cotton dropped by 12%, and Australian cotton increased by 77%. The main reason for the sharp decrease in foreign cotton imports in June was the rotation of state cotton reserves in 2015 and the relatively strong market demand for high-grade cotton.
According to the detailed rules for the rotation of cotton reserves, from July 10 to August 31, 2015, my country plans to rotate out 1 million tons of cotton reserves, of which 330,000 tons of domestically produced cotton in 2011 will be sold at the lowest auction price (off the standard grade of 3128B, below The same) is 13,200 yuan/ton; in 2012, there are 470,000 tons of domestic cotton, and the auction floor price is 14,200 yuan/ton; in 2012, 200,000 tons of imported cotton, the auction floor price is 15,500 yuan/ton.
Since the large amount of reserve cotton resources released by the country can replace Indian cotton, some imported cotton from the state reserves can meet the demand of textile enterprises for high-grade cotton. Although Australian cotton is of higher grade, the quotation is higher than the expectations of textile enterprises, and the current market Entering the traditional off-season and with limited quotas in the hands of textile companies, it is expected that China’s foreign cotton imports will not increase significantly in July.
China’s foreign cotton imports have dropped significantly
According to the latest statistics from the General Administration of Customs, my country imported 161,272 tons of foreign cotton in June, including 5,767 tons of Indian cotton, 14,641 tons of Uzbekistan cotton…
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