Interviews
China cotton report - May 2007
25 May '07
3 min read
The minimum value of China Cotton Index (CCIndex) of Type 328 grades is 12973 yuan per ton, the supreme value 13066 yuan per ton and the average price 13019 yuan per ton that goes down 33 yuan per ton or 0.25% from March, decrease by 1084 yuan or 7.7% compared with the same period of last year.
3) The cotton import decreased compared with last month, the price of import cotton continue dropping. The cotton import volume goes up by a wide margin in March, but drops once again in April. In April, the cotton import volume is 215,000 tons, decrease by 45,000 tons or 17% compared with March; reduce by 275,500 tons or 56% compared with the same period last year.
In January - April 2007, cumulative 723,000 tons cotton have been imported, decrease by 55% compared with the same period last year. In 2006 cotton season (September of 2006 - April of 2007), cumulative 1.3378 million tons cotton have been imported, decrease by 50% compared with the same term in 2005.
In April, the price of import cotton goes down finally; the fluctuating range and frequency are more than last month. On April 30, China imports cotton price index (FC Index M) is 59.01 cents per pound, decrease by 1.77 cents from April 2.
Average price in April is 59.84 cents per pound. Transfer to RMB is 11848 yuan per ton at 1% tariff which is lower 1171 yuan than Type 328 grade of domestic cotton, 13117 yuan per ton at the sliding duty tariff which is higher 98 yuan than 328 grade of domestic cotton.
Click here to read more cotton report:
3) The cotton import decreased compared with last month, the price of import cotton continue dropping. The cotton import volume goes up by a wide margin in March, but drops once again in April. In April, the cotton import volume is 215,000 tons, decrease by 45,000 tons or 17% compared with March; reduce by 275,500 tons or 56% compared with the same period last year.
In January - April 2007, cumulative 723,000 tons cotton have been imported, decrease by 55% compared with the same period last year. In 2006 cotton season (September of 2006 - April of 2007), cumulative 1.3378 million tons cotton have been imported, decrease by 50% compared with the same term in 2005.
In April, the price of import cotton goes down finally; the fluctuating range and frequency are more than last month. On April 30, China imports cotton price index (FC Index M) is 59.01 cents per pound, decrease by 1.77 cents from April 2.
Average price in April is 59.84 cents per pound. Transfer to RMB is 11848 yuan per ton at 1% tariff which is lower 1171 yuan than Type 328 grade of domestic cotton, 13117 yuan per ton at the sliding duty tariff which is higher 98 yuan than 328 grade of domestic cotton.
Click here to read more cotton report:
China Cotton Association
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
