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Insight | Time: Aug 28 2019 3:52PM
Brief analysis on cotton linter import and refined cotton export of China
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China imports more cotton linters with few ones for exports. Major origins include more than 10 countries (regions), especially India, Turkey, Central Asia (Turkmenistan, Kazakstan and Uzbekistan) and US due to resource and price-performance ratio. The imports of US linters have reduced sharply since the second half of 2018 and the percentage in total imports has fallen to 2.6% in the first half of 2019.

In 2018, the imports of US linters plunged to 20 tons in Jul from 950 tons in Jun. No linters were imported from the US for consecutive three months of Aug-Oct last year and the volume also retreated to zero in Apr and Jun this year. Some linters were imports in the rest months of 2019, but the volume is hard to recover to previous level.

On the contrary, China mainly exports refined cotton and imports less. Asia and Europe are mainly destinations, especially South Korea, Netherlands, Japan and Thailand. The exports to the US account for 5% of total in 2018 and 4.5% in the first half of 2019 without big volatility.
[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.
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