Cotton Imports Fell Sharply For The First Time At Zhangjiagang Port.

2008/11/11 0:00:00 42

According to statistics from Zhangjiagang entry exit inspection and Quarantine Bureau, from January to October this year, Zhangjiagang port inspected three hundred and ninety-five batches of imported cotton and one hundred and twenty thousand tons, and the value of goods was two hundred million US dollars. The weight and value of goods were reduced by thirty percent and sixteen percent respectively compared with the same period last year, and the amount of imported cotton decreased significantly.

This is also the first time since 2003 that the import volume of cotton in the Zhangjiagang free trade zone has dropped sharply.

據(jù)分析，張家港口岸進(jìn)口棉花出現(xiàn)下降的原因主要有：

First, the impact of the global financial crisis triggered by the subprime mortgage crisis in the United States has led to a sharp reduction in the export of textile and clothing products in China.

Two, the financial crisis caused all kinds of commodity futures prices to fall across the board, cotton futures prices fell repeatedly, and now the new flower market is coming.

Three, the textile industry is depressed, so that the import of cotton imported from Zhangjiagang bonded area has also been greatly reduced.

The four is the bumper harvest of cotton in China this year. The production situation of China's textile industry is grim. The cotton gap in the textile industry will be greatly reduced. It is estimated that the demand for imported cotton will continue to decline in the 29 years.