Domestic Cotton Purchase And Sale Prices Continue To Fall Or Increase The Number Of Purchases And Storage.
In October, due to the shortage of funds and export of textile enterprises, domestic cotton purchase and sale prices continued to decline. The NDRC released Market Statistics yesterday and said that if the market price of cotton continued to fall after the current purchase and storage plan was completed 2/3, it would further increase the number of temporary storage and storage.
Data show that in October, the average purchase price of the 3 grade seed cotton in the mainland was 2.75 yuan / Jin, down 0.18 yuan / Jin, or 6.1%, compared with the previous month. The average price of the 3 seed cotton purchase in Xinjiang was 2.57 yuan / Jin, down 0.15 yuan / Jin, or 5.5%. The average price of the standard grade lint from the mainland to the textile mill was 12445 yuan / ton, down 685 yuan from the previous month. The average price of the contract for electronic matching of the national cotton trading market in December was 12290 yuan / ton, down 628 yuan from last month, or 4.9%.
It is understood that for the new cotton market since October, the price of cotton has continued to fall, and the state has launched an emergency plan for storage and purchase. After receiving 220 thousand tons of Xinjiang cotton from October 21st to 24, it also urgently asked the State Council to increase 1 million tons of state reserve cotton temporary purchase and storage plan. After approval by the State Council, it began organizing the implementation in October 29th.
By the end of October, a total of 54 thousand tons of temporary storage and storage had been accumulated. The monthly report of the NDRC shows that if the market price of cotton continues to fall after the current storage and purchase plan is completed, 2/3 will further increase the number of temporary reserves. According to customs statistics, in the 1-10 months of this year, China's textile and clothing exports amounted to US $153 billion 700 million, representing an increase of 11.5 percentage points over the same period last year.
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