International freight dealers have mustered millions of bundles of cotton in China harbor, so international cotton market demanding is anticipated to rise. The information shows that these international freight dealers mainly come from America. Because America removed the Step-2 allowance for cotton importer on July.31, cotton dealers have to move their stock to others; Second, due to the frequent waterlog & flood leaded by changeable weather, world cotton output will decline, which will reduce cotton supply and increase cotton price in future several weeks.
During last half of one year, international freight dealers have built cotton storage in Dalian Harbor of China. Recently. International freight dealers accelerate to stock up cotton, it can be expected that several main textile manufacture countries will purchase a great deal of cotton.
One trader said that because China harbor s storage price is cheaper comparatively, international freight dealers chose to deposit cotton in China harbor. Besides, as the biggest cotton consumption country, China produces 6million ton cotton and costs 10million ton one annually.However, China s cotton output is reduced due to bad weather, so it can import all these deposit cotton even if other countries do not purchase them.
During last half of one year, international freight dealers have built cotton storage in Dalian Harbor of China. Recently. International freight dealers accelerate to stock up cotton, it can be expected that several main textile manufacture countries will purchase a great deal of cotton.
One trader said that because China harbor s storage price is cheaper comparatively, international freight dealers chose to deposit cotton in China harbor. Besides, as the biggest cotton consumption country, China produces 6million ton cotton and costs 10million ton one annually.However, China s cotton output is reduced due to bad weather, so it can import all these deposit cotton even if other countries do not purchase them.
