Brief analysis on cotton linter import of China in H1 2020 – ChinaTexnet.com
Home >> Textile News >> Brief analysis on cotton linter import of China in H1 2020

Brief analysis on cotton linter import of China in H1 2020

2020-07-31 08:48:34 CCFGroup

Cotton linter import of China has witnessed great changes this year on the backdrop of COVID-19 outbreak globally. In the first half of the year, the import volume declines sharply and import price lingers at low level, coupled with enhancing divergences in the origins.



According to customs data, China imports 4,671.5 tons of cotton linter in Jun, up 16.1% m-o-m, but down 34.6% y-o-y. The import volume now stays at low level after a cliff decline for consecutive two months.



China imports 40,842.7 tons of cotton linter in the first half of the year, down 21.1% y-o-y. The import performs slightly better versus 2018, but much weaker than that of 2019.



The import price averages at $342.2/mt in Jun, up 6.5% m-o-m and up 19.7% y-o-y, moving up in fluctuation. It averages at $338.8/mt in the first half of the year, down 2.8% y-o-y, which is still lingering at the bottom.



The concentration of cotton linter import market further improves in Jun. The share of Brazil occupies around 62% of total, which is followed by Turkey (20.4%) and the US (15.8%). China and the US reached agreement on the text of a phase one trade deal at the end of 2019 by exempting additional tariffs, then cotton linter import from the US has increased significantly this year with fast growth of proportion. However, the import from India has declined sharply due to the COVID-19 outbreak and escalating conflicts in China-India border. In Jun, cotton linter import from India hits zero for the first time.



In the first half of 2020, Brazil ranks the top place in cotton linter import market for the first time by overtaking India as the percentage takes up 40% of total, which is followed by India, US and Turkey whose percentage is around 14%. There are also imports from Central Asia and Africa.



In conclusion, cotton linter import of China changes much due to the COVID-19 outbreak this year. The import price rises in fluctuation, but still lingering at low level. There is sharp decrease of Indian linter, while the import of Brazilian linter increases significantly. Brazil has become the largest origin by overtaking India and the import from the US obviously increases by exempting additional tariffs.

Keywords: