Home / Knowledge / News / Textiles / Cotton import arrivals decrease at Chinese ports
Cotton import arrivals decrease at Chinese ports
04
Mar '13
The volume of arrival of imported cotton has decreased at Qingdao and Tianjin ports of China, as traders are in a strong wait-and-watch mood.
 
The main reason for decrease in enthusiasm of traders to buy foreign cotton is the message that base selling prices of cotton to be sold from national reserves is going to remain unchanged till July 2013. According to reports, the Government is tentatively planning to sell 4.5 million tons of cotton from its national reserves by July, which is creating a pressure on foreign cotton.
 
Secondly, while the price of domestic cotton is stable in China, the prices of imported cotton are on a rise, which is making it unprofitable for traders to import cotton.
 
On February 28, the delivery price of Indian cotton was quoted at 87.80 cents/lb, up 5 cents/lb compared to mid-February. Similarly, US cotton was offered in the range of 92-94 cents/lb, up 6 cents/lb, and Australian cotton was offered at 100 cents/lb, up 10 cents/lb form prices quoted a fortnight ago.
 
Prices of Indian cotton variety Shankar-6 that have already cleared customs, was being quoted at around 19,000 yuan/ton in the Chinese domestic market on February 28.
 
Meanwhile, the price of US cotton that had already cleared customs and other formalities was quoted at 20,300 yuan/ton, which greatly erases the profit margins of traders.
 
Thirdly, the slow rate of yarn sales of domestic textile enterprises is stopping traders to put orders for foreign cotton.
 
Lastly, traders are also worried as the Government has so far not made any announcement on issuance of sliding tax quotas. Normally, the Government issues tariff quotas at the beginning of each year, and also announces additional sliding tax quotas. However, no textile enterprise in China has so far received any notice on issuance of sliding tax quota this year.
 

Fibre2fashion News Desk - China


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search