test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Insight | Time: Aug 25 2021 10:08AM
Cotton linter import of China in Jul exceeds 20kt again
 
Text size

Chinese cotton linter supply is short this year and the imports have seen blowout growth. In Jul, the import volume hits 5-year high by exceeding 20kt again, which is close to the peak in Apr.


image.png

 

The imports have filled the big supply gap in the later period of 2020/21 crop year when new cottonseed and cotton linter has not arrived yet. According to customs data, cotton linter import of China totals 24,260.89 tons in Jul 2021, up 29.5% m-o-m and up 526% y-o-y.


image.png

 

In the first seven months of this year, cotton linter import of China amounts to 124.9kt, up 179.4% y-o-y. The monthly average import is 17.8kt as of 2021, which is 6.4kt in 2020.


image.png

 

Cotton linter import price has been rising since Jan this year, which averages at $374.5/mt in Jul, up 6.7% m-o-m but down 18.6% y-o-y. It has gained ground by $100.3/mt or 37% from the price in Jan at $274.2/mt.


image.png

 

In Jan-Jul of this year, the import price averages at $333.96/mt, down 4.4% y-o-y, which is below $337.7/mt in 2015 and stays at 15-year low. Although the import price has increased m-o-m, it still lingers at low level compared with the same period of past years.

 

The destinations of imported cotton linter have reduced from seven in Jun to four in Jul. Shandong, Anhui and Jiangsu continue to take the lead by taking up 91% of total imports. In Jan-Jul, the three provinces also rank the top three places by occupying 78% of total imports.


image.png

 

In terms of origins, Turkey takes the leading position, which is followed by Brazil and India and the three countries take up more than 85% of total imports, representing higher concentration.

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related Articles
Cotton linter & refined cotton market weekly (Oct 16-22, 2021)
Cotton linter remains strong amid tight supply
China viscose market snapshot (Oct 22, 2021)
Refined cotton export of China declines much in Sep
Cotton linter import of China in Sep soars y-o-y
Viscose market daily (Oct 21, 2021)
Slow seed cotton harvesting pushes up cotton linter price
China viscose market snapshot (Oct 21, 2021)
Cottonseed price keeps firm amid slower seed cotton procurement
Viscose market daily (Oct 20, 2021)
 
Research
Post-holiday forecast for polyester value chain
Supply-demand pattern and forecast of spandex industry
2021/22 global cotton: impetus from supply side has not ...
MEG supply-demand faces changes, how will the market go?
PTA market still in overcapacity ?
How to treat the game of each link in the viscose industry?
 
 

浙公網安備33010902000742號

不卡人妻无码av中文系列