The Global Market Is In Short Supply; &Nbsp; Shandong'S Average Price Of Cotton Is High.

Shandong

Imports and average prices of cotton have reached new heights.

Qingdao customs expects that international cotton prices will remain strong, and domestic cotton prices will also run high, with limited callback space.

Shandong

Ports imported 601 thousand tons of cotton, valued at US $1 billion 50 million, up 1.2 times and 2 times respectively, and the average import price was 1753 US dollars / ton, up 37.8% over the same period last year.

Among them, the average monthly import price of cotton in May reached 1795 US dollars / ton, up 43.5% over the same period last year, the highest level since April 2004.

Since October last year, the monthly import volume of cotton at Shandong port has also increased for the 8 consecutive month, and in March this year, the highest monthly import volume has reached 154 thousand tons since June 2006. 4, while the import volume in May has dropped, the growth rate is still over 10%.

cotton

The main reason for the increase in import prices is the demand growth in the textile industry, which has led to the continued decline in cotton inventories and the increasing supply of cotton.

It is estimated that the domestic cotton supply gap will reach 1 million -140 million tons before the new cotton market comes into operation at the end of August.

The global demand for cotton is also strong enough to support the rise in international cotton prices.

The US Department of agriculture report shows that the global cotton gap of 1 million 131 thousand tons in 2010/2011 is still at a record high, leading to a drop in the end of global cotton inventories and a consumer inventory ratio of 42%, the lowest since 1994/1995.

cotton

The situation of increasing production is grim.

Especially in the middle of May, the main cotton producing areas in Northwest China suffered snowstorm and hail weather. The area of cotton harvest in Xinjiang's Bazhou and Akesu area reached 140 thousand mu, which posed a great threat to cotton production.

In addition, the reduction of comparative efficiency of cotton seed also led to the decline of farmers' enthusiasm for cotton planting.

According to the latest survey data from the cotton association of China, the cotton planting area in 2010 was 77 million 100 thousand mu, down 0.93% from the previous year.