China'S Imports Of India Increase And International Cotton Prices Continue To Rise

In recent weeks, ICE cotton futures have maintained a strong trend. A new round of rising prices may emerge in the second half of 5.

By then, China's lower quota and lower production in India may lead to a marked increase in import demand between the two countries.

Easter week, ICE cotton futures contract basically unchanged, July contract fell 0.59 cents a week, down 0.75% compared with the previous week.

After the rapid rebound from the beginning of February to the end of March, ICE futures remain relatively stable.

At present, there are more factors to support prices in the international market.

Recently, the demand for us cotton not only comes from Vietnam and Bangladesh, but also the import demand of China and India is also increasing. India's import volume to West Africa cotton and American cotton has increased significantly. The latest weekly export Weekly has become the biggest buyer of US cotton, and the volume of contract exceeds Vietnam, Bangladesh and Turkey.

Meanwhile, China's demand for imports will rebound after China's issuance of 800 thousand tons of quasi tax import quota.

Once China cancels the 25% tariff on the US cotton trade, China's demand for us cotton imports will soar.

At present, China's domestic cotton spot price has shown a strong trend, and the issuance of import quotas may also postpone the rotation of national cotton reserves.

The lack of high-grade cotton in China and India may continue to raise the average level of international cotton prices.