Shandong Huangdao Port Cotton Stockpiling Close To The Limit Of Inventory, Imports Are In An Inverse Trend.

In the first quarter of this year, Shandong Huangdao port Imported cotton The 1490 batch, the weight of 402 thousand tons, the value of $930 million, an increase of 49.9%, 64.8% and 20.8%, respectively, and imports accounted for about 30% of the total cotton imports in the country. Due to poor sales, as of the end of the first quarter, Huangdao port storage enterprises inventory cotton About 200 thousand tons, a record high, approaching the limit of inventory.

　　 Cotton inventory The reason for the surge is: on the one hand, the international cotton price diving has made cotton merchants' import enthusiasm increase, resulting in a significant increase in domestic cotton supply; on the other hand, the economic downturn has led to the sluggish demand for downstream enterprises. In addition, because of domestic and foreign cotton prices upside down, many textile and garment enterprises are turning to overseas purchasing. Cotton yarn The domestic cotton yarn market is shrinking, resulting in a decline in demand for raw cotton. In the first quarter of this year, imports of textile yarns, fabrics and products fell by 12.3% in the first quarter of this year, while imports increased by 3.1% in the first quarter of.