Cotton Market In 2010/2011 Showed High And Low.

Cotton market

It can be said that the wave keeps running, from the storage and storage of 2 million 776 thousand tons of cotton to the 3 million 242 thousand tons (2 million 642 thousand tons in the early stage and 600 thousand tons in the late period) of the national cotton reserves. From 2008/2009, only 894 thousand tons of cotton import quotas were added to the quota, and three tons of import quotas were added to 2009/2010 in the year of 2008/2009. The cotton price was 18400 yuan / ton from the nearly 10000 yuan / ton of 2008/2009 to the beginning of July, compared with the sharp rise and fall of crude oil, commodity prices and the stock market.

The domestic cotton market in 2010/2011 will remain calm.

At present, although the new cotton market is still 20~30 days away, cotton processing enterprises have been ready to fight for it, and the gunpowder for resources and customers has begun to grow stronger.

On August 10~16, the net weight of the national cotton store was 328, 18318, 18453, 18399, 18385, 18257 yuan / ton respectively. On the face of it, the paction price was lower than the current market spot 500 yuan / ton, but due to the shortage of New Territories cotton, pportation costs, outgoing and paction fees, the actual price of the cotton to the national cotton store had little difference from the spot price.

Cotton yield

The growth rate is larger than the growth rate of consumption, and the supply and demand of cotton are more balanced. The total output of the three major cotton producing countries in the United States, India and China all present a recovery trend, but the tension of supply and demand of cotton in China, Pakistan and Turkey is still widespread.

It is worth noting that the global cotton inventory consumption ratio dropped to the lowest level in ten years in 2010/2011 - only 41.5%, down 16.24% from 2001/2002.

ICAC predicts that the annual average Cotlook A index of the 2010/2011 year (the spot price of international cotton grade M, about three domestic cotton) is 85 cents per pound per year, increasing by 7 cents / pound compared with 2009/2010, and the rising trend of global cotton price has been formed.

Spin

The situation has improved and is better than the industry's expectations for the situation, and the consumption of cotton has also expanded to 9 million 400 thousand ~1000 million tons.

USDA, ICAC and other agencies have predicted that China's cotton consumption will reach 10 million 200 thousand ~1050 million tons in 2009/2010, and the import volume will exceed 2 million 800 thousand tons. However, from the beginning and end of the import volume analysis, consumption will not exceed 10 million tons.

In 2009/2010, China's spinning volume will be nearly 5 million 500 thousand tons higher than that of 2007/2008, but the demand for cotton will be reduced by 600 thousand tons. This indicates that in the past three years, the production capacity of blended yarn and chemical fiber yarn is higher than that of cotton yarn, and the pace of adjusting the industrial structure and upgrading of cotton textile industry has gradually accelerated.