China started to carry out cotton reserve policy in Sep 2011. Substantial domestic cotton has been reserved to state warehouse without quantity limitation each year and price spread between Chinese and international cotton expanded, which stimulates surging demand for imported cotton. In 2012, China totally imported 5137kt of cotton, a large increase of 52.70% year on year, hitting a historical high. With the expansion of imported cotton market, market share witnessed great changes. US cotton market share dropped and China’s imported cotton market diversifies.
However, plenty of reserved cotton is launched in China in 2013 and the quotas allocation policy is under 3:1 arrangement at state cotton auction, resulting into the obvious changes of import quotas distribution. Although the volumes of quotas shrink year on year, the scale is wider. Moreover, as high-grade cotton supply in China is tight, more mills with quotas try to import foreign cotton directly.
In face of this, 2013 Imported Cotton Forum will arrange face to face talks among China domestic mills, traders and foreign cotton traders. Booths and round tables will be provided to the participants for business negotiation. Both domestic and foreign honored guests will have insightful reports for you. www.ccfgroup.com and www.tteb.com will host 2013 Imported Cotton Forum on Aug 1-2, 2013 in Xiaoshan, Hangzhou. We sincerely look forward to your participation.