纺织网首页 | 搜索 | 产品 | 企业 | 供应 | 求购 | 人才 | 论坛
会员登录  免费注册  新闻订阅  我要投稿
纺织资讯
您的位置:首页 > 信息中心首页 > 正文
【收藏到商务室】

China March Cotton Imports Drop 14.6% Amid Lower Yarn Prices


http://www.texnet.com.cn  2011-04-25 13:15:19  来源:Bloomberg 收藏
华兴纱管

Cotton imports by China, the biggest buyer, fell 14.6 percent in March from a year ago, as lower yarn prices cut into profits for the textile industry, reducing demand.

Inbound shipments were 276,436 metric tons, compared with 323,780 tons a year earlier and 180,000 tons in February, General Administration of Customs data showed today.

Cotton reached a record last month before tumbling into a bear market on speculation that global output, including in the U.S. and India, is set to increase. Plantings in some areas have fallen as record prices failed to spur increased acreage, China's top economic planning agency said this week.

''The textile mills' profits have declined quickly along with yarn prices, so they've become a bit short of cash,''Dong Shuzhi, manager at Shanghai Jinhuicheng International Trade Co., said today.

The average local textile mills' profit margin dropped to 169 yuan ($25.90) a ton in April, from 1,360 yuan a month earlier, according to a recent survey by Jinhuicheng. About 70 percent of the textile mills surveyed said they remained pessimistic about the outlook of the market, it said.

Cotton on ICE Futures U.S. in New York reached an all-time high of $2.1970 per pound on March 7. The July-delivery contract dropped 0.6 percent to to $1.66 today, bringing the fall since the record to 24 percent. A slump of 20 percent or more signifies a bear market to some investors.

About 55 percent of China's cotton imports in March were from the U.S., followed by India and Uzbekistan, at 31 percent and 7 percent, respectively, the China Cotton Association said in an earlier statement.

转载本网专稿请注明出处“中国纺织网”
编辑:纺织网
贸易行情论坛】 【打印】 【关闭】 【我要收藏
文章关键词: Cotton Imports  Yarn Price 
「相关报道」
更多精彩纺织英文
进入纺织英文>>


免责声明:浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性;您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网
盛生意宝股份有限公司,有权但无此义务,改善或更正所刊登信息任何部分之错误或疏失。

站内支持:关于我们 - 服务项目 - 法律声明 - 意见反馈 - 企业邮箱 - 联系我们 - 友情链接 - 纺织数据库 - 快速产品通道 - 外贸助手
兄弟站点:生意宝 - 国贸通 - 中国化工网 - 全球化工网 - 医药网 - 中国服装网 - 机械专家网 - 中国农业网 - 中国蔬菜网 - 浙江都市网 - 中国红娘网 - 南阳商务网
糖酒招商网 - 中国卫浴网 - 中国粮油网 - Global Buyers & Suppliers - ChinaChemNet

中国纺织网 版权所有 1997-2014 浙ICP证:浙B2-20080131
服务热线:0571-88228405