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.
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.
