In April, China imported 210,000 tons of cotton, a year-on-year decrease of 35.1%. In January-April, China imported 1,062,000 tons of cotton, a year-on-year decrease of 9%. As of April 2010, China's cotton imports totaled 1.947 million tons, a year-on-year increase. 13.3%.
The export volume of U.S. cotton land fell for several weeks in a row, and the cancellation volume of upland cotton even surpassed the volume of new contracts, among which the Asian countries led by China were the main force to cancel the contract.
The rise in the default rate means that the future exports are not optimistic. This shows that in the context of the high Kampong prices and economic growth slowdown, the market's expected demand may not be converted into actual demand.
The export volume of U.S. cotton land fell for several weeks in a row, and the cancellation volume of upland cotton even surpassed the volume of new contracts, among which the Asian countries led by China were the main force to cancel the contract.
The rise in the default rate means that the future exports are not optimistic. This shows that in the context of the high Kampong prices and economic growth slowdown, the market's expected demand may not be converted into actual demand.
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