Monthly Report On Cotton Imports In China (April 2015)

In April,

The gradual consumption of

Demand for high-grade cotton is less and less, cotton imports rebounded from last month, the average price continued to rise.

The quota is mainly based on 1% tariff, exceeding 70%, and the regional logistics goods maintained by the customs in the trade mode remain the first place. The proportion of the United States cotton in the country of origin exceeds 60%, ranking the highest in absolute superiority; import customs is mainly in Qingdao, Shanghai and Nanjing; the largest number of importing areas are Shandong, Jiangsu and Shanghai.

According to customs statistics, the import price of cotton in China continued to rise in April, and the volume rebounded from last month, but it continued to decline year-on-year.

According to customs statistics, China imported 160 thousand and 800 tons of cotton in April, an increase of 32 thousand and 900 tons from last month, an increase of 25.7%, a decrease of 28.3% over the same period last year, and an average import price of 1746 US dollars / ton, up 14 US dollars compared with March, or 0.9%, down 16.3% from the same period last year.

In the first 8 months of 2014/15, 1 million 170 thousand and 400 tons were imported, down 44.5% from the same period last year.

In the first four months of 2015

609 thousand tons, down 38.2% compared to the same period last year.

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Chinese President Xi Jinping meets with India's prime minister Modi in Xi'an.

The two sides made important remarks on the strategic need to conform to the trend of history and their respective national rejuvenation, to build closer partnership for development, and to push forward the Sino Indian Relations from "inches" to "miles".

When it comes to the development plan of "one belt and one road", President Xi mentioned that the tariff reduction and exemption of India commodity will be the trend of the times. Enjoying the same treatment with ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma and Kampuchea) will be a necessary condition for the smooth development of "one belt and one road".

It is understood that since January 1, 2010, more than 90% of the 6 old member countries of ASEAN and China have achieved zero tariffs, and China's average tariff on ASEAN has decreased from 9.8% to 0.1%. ASEAN's 6 old member countries have also reduced the average tariff to 12.8% from China to 0.6%.

By 2015, trade liberalization between China and ASEAN's 4 new members will reach the same level.

As an important power on the "one belt and one road", India is one of the largest cotton producers in the world and one of the largest exporters of cotton yarn in the world. The introduction of tariff relief policy will have a significant impact on the cotton industry in the country.

According to the sources in India, during the visit of Prime Minister of India, Chinese leaders said they would promote the trade between China and India, and promised to reduce import tariffs on India cotton yarn.

According to an industry source, the two advantages of tariff reduction and quota free import of cotton yarn will promote the breakthroughs of China's import of India and Pakistan, and will promote the rapid pformation of domestic cotton and textile enterprises.

India has promised to cut import tariffs on cotton yarn in India.

Below is the minimum tariff rate of cotton yarn imported from various countries and regions in China.