Shandong'S Import Price Increments In May

2011/6/21 11:44:00 40

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Cotton Imports In Shandong

about

clothing

Big province

Shandong

The last thing I want to see is

Cotton price

Rising, but the Shandong provincial commerce department 20 day data show that in 1-5 months, the Province imported 410 thousand tons of cotton, a decrease of 11.8% over the same period, the amount of 1 billion 290 million U.S. dollars, an increase of 57.1%, the average price of imports was 3149 U.S. dollars / ton, year-on-year

Rise

78.2%.

In the first 5 months of this year, the price of cotton imports is decreasing.

Data show that in January this year, the cotton import volume in the province was 116 thousand tons. In February, it was reduced to 57 thousand tons by the influence of the Spring Festival, 3-5, respectively, 100 thousand, 88 thousand and 50 thousand tons. The import price rose from 3000 yuan / ton mark in January this year, the average price of 2-5 months continued to rise, reaching 3040 US dollars, 3115 dollars, 3268 dollars and 3268 dollars respectively.

According to the analysis of the provincial commerce department, the main reason for the high price of cotton imports this year is due to the global excess liquidity and the situation in the Middle East and North Africa. The international commodity prices have risen sharply. On the other hand, as a big country of global cotton production and consumption, China's cotton production has been reduced for three consecutive years, and cotton, especially high-grade cotton, is in short supply.

It is expected that after the acquisition of domestic cotton in September, the supply gap will be partially compensated, and the pressure of future cotton prices will continue to uplink.