Shandong Imported Cotton Prices In May, The Highest Monthly Average Price.

The office said that the price of imported cotton has reached a record high in May. In the first 5 months of this year, cotton imports in Shandong showed an overall increase in price.

In 1-5 months, the Province imported 410 thousand tons of cotton, a decrease of 11.8% over the same period last year, the amount of 1 billion 290 million dollars, an increase of 57.1%, and the average price of imports was 3149 US dollars / ton, up 78.2% over the same period.

Since the import price broke through the US $3000 / ton mark in January this year, the average price in 2-5 months has continued to rise. In May, it reached US $3370 per ton, up 86.9% over the same period last year.

The Department of Commerce believes that the global excess liquidity and the situation in the Middle East and North Africa, and other international commodity prices rose sharply, and China's cotton production for three consecutive years, especially high grade cotton.