Domestic Cotton Spot Market Steady Textile Exports Declined

June, China

First, the domestic cotton spot market is stable, and the progress of lint sales is slower than last year.

In June, the average price of the standard grade cotton to the factory was 13946 yuan / ton in June, up 35 yuan / ton from the previous month, or 0.3%; the national cotton trading market matchmaking paction in July, the contract price was 14221 yuan / ton, down 184 yuan / ton, or 1.3%; the cotton futures contract price in July was 13761 yuan / ton, down 417 yuan per ton, or 2.9%.

suffer

In view of the existing problems in Xinjiang cotton pportation and marketing, in late June, the state promulgated the subsidy policy for Xinjiang cotton to go out of the border and moved to the warehouse (400 yuan subsidy per ton for the outgoing cotton warehouse), so as to reduce the freight burden of enterprises and promote the relocation and sale of Xinjiang cotton. The Ministry of railways made arrangements to increase the capacity of Xinjiang's cotton railway from 160 vehicles per day to 270 vehicles from July 10th, and it is estimated that Xinjiang cotton can be shipped out before the end of August.

The relevant departments of the Xinjiang Autonomous Region government have further intensified their efforts to supervise and guide cotton enterprises to seize the opportune moment to strengthen marketing and actively organize the sale and relocation of Xinjiang cotton.

Two. International market

In June, the US dollar index remained weak, crude oil and commodity futures prices rose sharply, and cotton prices in the international market rose.

The average price of New York cotton futures contract in July was 69.87 cents / pound, up 0.77 cents / pound from the previous month, or 1.1%.

The average price of the main ports in Asia (M) was 77.26 cents / pound, up 1.78 cents / pound from the previous month, or 2.4%.

According to the 1% tariff, the cost of import of RMB is 13809 yuan / ton, which is lower than the 137 yuan / ton of the domestic market. According to the new sliding tax (3-40%), the cost of import is 14171 yuan / ton, which is 225 yuan / ton higher than that of the domestic market.

According to customs statistics, in June, China imported 211 thousand tons of cotton, a decrease of 41 thousand tons compared with the same period last year, a decrease of 16.4%, a decrease of 29 thousand tons from the previous month and a decrease of 12.1%.

In 1-6 months of this year, China imported 1 million 242 thousand tons of cotton, an increase of 65 thousand tons compared with the same period last year, an increase of 5.5%.

Last September to June this year, the total import of cotton was 2 million 40 thousand tons, an increase of 248 thousand tons compared with the same period, an increase of 13.9%.

Three, textile production growth, exports fell year-on-year

In June, the national yarn production was 2 million tons, the highest output in history, up 9.7% over the same period last year.

In the 1-6 month of this year, the total output of national yarn was 10 million 348 thousand tons, up 11.3% from the same period last year.

Last September to June this year, China's yarn production totaled 17 million 448 thousand tons, an increase of 11.3% over the same period last year.

According to the customs express, in June, China's textile and apparel exports were US $15 billion 520 million, an increase of 7.6%, but it was 4.2% lower than the same period last year. The export base was higher in June last year, mainly due to the reduction of the textile export tax rebate rate in July last year and the rush for export in June.

In the 1-6 months of this year, China's textile and clothing exports were US $81 billion 700 million, an increase of 11.1% over the same period last year, an increase of 6.4 percentage points from the same period last year.

From September to June this year, textile and apparel exports totaled 143 billion 900 million US dollars, an increase of 14.1% over the same period last year, an increase of 6.7 percentage points from the same period last year.

The decline in textile export growth is mainly due to the continued appreciation of the renminbi, the intensification of the sub-prime mortgage crisis and the increase in costs.

In view of this situation, all parties call on the state to introduce measures such as raising the tax rebate rate of textile exports and increasing the supply of mobile funds as soon as possible, easing textile difficulties and curbing the downward trend of textile exports.

In June, the average price of 32 pure cotton yarn market was 19314 yuan / ton, up 363 yuan / ton, or 1.9%, the average price of PET staple was 11745/ tons, up 770 yuan / ton, or 7%.