Zhangjiagang: Cotton Import Record-high in July
Source: CTEI Date: 2010-08-12
According to Zhangjiagang Administration of Inspection and Quarantine, the cotton import in this port were 103 batches, or 5.1 tons, with value as 92.315 million USD, up 145.2%, 264.3% and 344.3% respectively, year over year. The month import made a record high in history.
The industry observer said that there were three major reasons for this record-high import: 1. under the impact of World Expo in Shanghai, the imported cotton from Shanghai port turned to arrive in Zhangjiagang Bonded Zone for storage; 2. foreign traders sold voluminous bonded cotton eariler this month at the the price peak before the new cotton entering the markets; Huafang Group, the second largest cotton textile manufacturer in China also received its big order imported cotton this month; 3. the good import cotton trade environment in this bonded zone attracted trader in home and abroad to do business here.
