Cotton Industry To Pick Up The Twelve Thousand Main Points

The beginning of the year of the ox,

In the 2008 year's acquisition and storage plan, about 900000 tons of cotton continued to shoot, which also stimulated the enthusiasm of spot prices, and the spot prices of lint everywhere increased, including Shandong and Jiangsu.

Some of the 200 small factories are beginning to flourish as the electronic disk turns red and the lint spot rises.

However, just as spot and futures were flourishing, the USDA report came out, and the prospect of demand was bad. The market suffered a heavy blow, and the price reached a new level below twelve thousand.

The current USDA report shows that cotton production has been reduced slightly in the current year, and consumption and imports have been substantially reduced.

The end of the world cotton inventory increased by 4%, to 13 million 436 thousand tons.

The global demand and demand forecast released by the international cotton advisory board (ICAC) in February showed that the global cotton consumption is projected to be 24 million tons, a decrease of 9% over the same period last year, and the output is expected to be 23 million 700 thousand tons, a decrease of 10% compared with the same period last year. The global import volume of cotton is double affected by the decrease in cotton consumption and the decrease in domestic exports. The global output is only 28% for export, less than 33% in the past five years, and China expects to import 1 million 500 thousand tons of cotton, a decrease of 41% over the same period last year. The decline in cotton demand has little effect on the export of US cotton. The US cotton exports in February are expected to be 2 million 600 thousand tons, which is 12%% lower than the same period last year.

According to the national cotton market monitoring system data, in January 2009, domestic cotton consumption was reduced by 260 thousand tons, ending inventory increased by 104 thousand and 600 tons, and the inventory consumption ratio increased by 2.24%.

2008 in the cotton year, cotton consumption in China was 9 million 980 thousand tons, down 10.3% from the previous year; total output was 7 million 830 thousand tons, down 0.8% from the same period last year; the gap between production and demand was 2 million 155 thousand and 100 tons, a decrease of 49.88% over the same period last year.

With the improvement of the domestic stock market situation, we must see that under the current international economic environment, there is still uncertainty in the effectiveness of the rescue policies, and there are still many variables in the future of the cotton market.

Affected by the international financial crisis and early cost increase, China's exports of textiles and garments (including textile yarn, fabrics and products, clothing and accessories) in 2008 were $185 billion 100 million, an increase of 8.2% over the previous year, an increase of 10.7 percentage points over the previous year.

Entering the 2009, textile and apparel orders continued to decrease significantly. From the clothing export volume statistics, we can see that exports of textiles, clothing and textile yarns continued to shrink significantly last month.

China's textile industry is still in a predicament. Enterprises have cut production or even stopped production, and demand for cotton has also decreased significantly.

At present, although the major economies in the world are trying to save the market, the economic crisis triggered by the United States is still showing signs of improvement.

Therefore, in the coming period, the difficulty of global cotton consumption and the difficulty of domestic textile exports still exist, and the amount of cotton used in the textile industry may also continue to decrease.

For now, the cotton spot market supported by the purchase and storage is not stable. When the purchase and storage plan is completed, the trend of the cotton market is likely to change accordingly.

Editor: vivi