China'S Cotton Imports Continued To Decrease In July
According to customs statistics, China's imports in July
cotton
169 thousand tons, a decrease of 4.7% compared with June, an increase of 28.5% over the same period last year. Import prices continued to rise sharply, with an average monthly price of more than 1900 US dollars / ton, reaching 1941 US dollars / ton, up 107 US dollars compared with June, or 5.9%.
In the first 7 months of 2010, a total of 1 million 714 thousand tons of cotton were imported.
increase
97.7%.
Accumulated in the first 11 months of 2009
Imported
Cotton 2 million 264 thousand tons, an increase of 69.4% over the same period.
Supplement:
China, the world's largest cotton importer, increased its input to cotton, boosting its price to its highest level in two years last Thursday and closing to its 15 year high.
The US Department of Agriculture says global cotton stocks will fall to its lowest level in 15 years this year.
Reported that cotton prices in October rose 3.2% last Thursday to 86.90 per pound, a record high since March 2008.
The US Department of agriculture's forecast of China's cotton imports has increased by 7.3% to 12 million 500 thousand packages, and warned that global cotton stocks will fall to the lowest level in 15 years this year.
Like copper, cotton demand trend is synchronized with economic growth, so it is regarded as the global economic thermometer.
Over the past 5 years, cotton has been in short supply, and global inventories have decreased by 36% from 2006-2007 years to the lowest level in 1994-1995 years.
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