China's Demand Increased By &Nbsp; Cotton Prices Continued To Support.

Foreign media reported recently that China is the largest in the world. cotton Importing countries to increase cotton imports, stimulating prices rose to the highest level in two years last Thursday, and nearly 15 years of new high. The US Department of Agriculture says global cotton stocks will fall to its lowest level in 15 years this year.

Reported that in October Stage cotton The price rose 3.2% on Thursday to 86.90 per pound, a record high since March 2008. The US Department of agriculture's forecast of China's cotton imports has increased by 7.3% to 12 million 500 thousand packages, and warned that global cotton stocks will fall to the lowest level in 15 years this year.

Like copper, Cotton demand The trend is synchronized with economic growth, so it is regarded as the global economic thermometer. Over the past 5 years, cotton has been in short supply, and global inventories have decreased by 36% from 2006-2007 years to the lowest level in 1994-1995 years.

Analysis of foreign media

According to US media reports, the huge floods in Pakistan also exacerbated the decline in global cotton stocks, resulting in soaring cotton prices.

Supplement:

The high cotton prices are still at high levels, and the cost pressures of downstream textile enterprises are heavy. Textile companies expect cotton prices to go down.

Cotton prices dropped slightly in mid July, and domestic 328 grade cotton spot went down to the current 18200 yuan / ton after hitting a record high of 18373 yuan / ton from 13 last month, but it still rose sharply compared with the same period last year.

At present, for cotton spinning enterprises, it is the off-season production. Some small and medium-sized textile enterprises have not received enough orders since July, and the output is declining. Many enterprises are in the process of adjustment. But for some other companies, this year's off-season is not bad. "Now there are still many orders on hand, although we can not increase the price, but all are hand in hand cash transactions, the operation of the enterprise is still good." Chen Mengsha, the person in charge of the whole crown cotton mill, told yesterday's first financial daily that during the past year, although the price of cotton (information, market) has been rising, due to the large demand of downstream enterprises, the cost of higher prices can be passed on to downstream customers. Profits are better than before. Last year's inventory was sold out.

Data show that in July 26th, the mainstream price of 32S cotton knitted yarn was 27300 yuan ~27500 yuan / ton, and the mainstream price of 40S pure cotton yarn was 28500 yuan ~29000 yuan / ton. By July 30th, the mainstream of 32S cotton knitted yarn was quoted at 27000 yuan ~27300 yuan / ton, and the mainstream price of 40S pure cotton yarn was 28200 yuan ~28500 yuan / ton, and the price of these products decreased slightly. Downstream users have become more cautious in purchasing, and expect cotton yarn prices to fall further.