Home / Knowledge / News / Textiles / Cotton import arrivals decrease at Chinese ports
Cotton import arrivals decrease at Chinese ports
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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search