Related Keywords: China Cotton Association, Chinese cotton imports demand, CNC cotton report, competition from synthetic fibres, economic slowdown, large domestic inventories, massive domestic stocks, reached all time low, reduced reliance on foreign supplies
Chinese cotton imports demand has just reached 50,900 tonnes an all-time low in September, a decline of 59% year-on-year as large domestic inventories reduced reliance on foreign supplies, at a time when economic slowdown is weighing on demand. This is the lowest monthly import since records began in 2005, and the second month of record low imports in a row, website CNCotton reports.
The data from CNCotton follows reports on Wednesday from the China Cotton Association that Chinese imports for the first nine months of the year fell 42% to 1.16m tonnes.
