November 2012 China Cotton Import Monthly Report

With the increase in the number of storage and storage, domestic cotton prices have continued to rise steadily, while international cotton prices have remained weak due to external factors, and the difference between domestic and foreign cotton prices has once again expanded. In November, the number of imported cotton in China continued to rebound, and the average import price dropped more than the previous month. The import trade mode was dominated by general trade, but its share fell back to less than 50%; India's cotton was listed in large quantities, ending the continuous decline since March, and showing significant growth; Quota usage was still dominated by sliding tariffs; Qingdao and Shanghai The import volume of customs is large, and the import area is mainly Beijing and Shandong.

According to customs statistics, in November 2012, China imported 304,000 tons of cotton, an increase of 32,000 tons from the previous period, or an increase of 11.6%; a year-on-year decrease of 74,000 tons, a decrease of 19.7%; an average import price of US$2,102/ton, a decrease of 8.1% from the previous period, and a year-on-year decrease. 32.4%. In the first eleven months of 2012, imports totaled 4.605 million tons, an increase of 78.9% year-on-year, of which 3.28 million tons had been used for customs clearance. In the first three months of 2012, imports totaled 839,000 tons, a year-on-year decrease of 5%, of which 700,000 tons were used for customs clearance.