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China's cotton imports dip 35% in November
21 Dec '16
1 min read
China imported 54,900 tons of cotton in November 2016, showing a drop of 35 per cent year-on-year, but up 33 per cent over October 2016 imports. The average import price during the month was $1,822/ton, showing an increase of 10.2 per cent compared to average import price during the same period last year. Meanwhile, domestic cotton prices continued to rise.
In the first three months of ongoing Chinese cotton season, the country’s cumulative cotton imports stand at 156,600 tons, a decrease of 11.8 per cent year-on-year.
In November, China imported 17.88 million tons of cotton yarn, registering an increase of 27.06 per cent year-on-year and 12.13 per cent month-on-month.
Total cotton imports during the first 11 months of 2016 are down by 17.99 per cent year-on-year. (RKS)
Fibre2Fashion News Desk – China
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