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    Monthly Statistics Report On Cotton Situation In China (October 4Th)

    2010/10/6 23:43:00 144

    Cotton Situation China

    2009 cotton year end.

    Affected by the international financial crisis, the cotton planting area decreased significantly in 2009, and cotton production decreased. The actual output of the country was 7 million tons, a decrease of 1 million tons compared with the previous year and a decrease of 12.5%.



    In the second half of 2009, the global economic situation improved, and textile production and exports gradually recovered.

    The yarn production in the whole year was 26 million 370 thousand tons, an increase of 17.2% compared with the same period last year, and the export of textiles and garments was US $191 billion 900 million, up 12.2% over the same period last year.

    Cotton yarn

    Prices rose significantly, the end of the year 32 cotton yarn price reached 26000 yuan / ton, up nearly 8000 yuan / ton.

    Driven by cotton yarn, cotton prices rose sharply, and the price at the end of the year was over 18000 yuan / ton, up 5000 yuan / ton compared with the same period last year. The average annual price of China's cotton price index (CC Index328) was 15765 yuan / ton, up 30% compared to the same period last year.

    In order to guarantee the demand of textile enterprises and stabilize the domestic market, the state has intensified macro-control efforts and issued cotton import quotas for many times. In the whole year, 3 million 600 thousand tons of customs duties and sliding tax quotas were distributed, and 2 million 510 thousand tons were actually imported, an increase of 73% over the same period last year.

    At the same time, according to the textile demand, the state sold cotton reserves totaling 1 million 330 thousand tons, and accelerated the pportation progress of Xinjiang cotton, and the total annual outward shipment of 3 million 150 thousand tons.

    Under the support of a series of national regulatory policies, the supply and demand of cotton in China in 2009 were generally balanced, the market operation was relatively stable, the income of cotton farmers increased significantly, and the textile circulation enterprises were running well.


    In August 2010,

    cotton

    The inventory of commercial turnover is decreasing, and the market can reduce resources.

    According to the China Cotton Association's monitoring, as of August, the total stock of commodity cotton turnover in China was 205 thousand tons, a decrease of 251 thousand tons compared with July.

    In order to meet textile needs, the state began selling 600 thousand tons of reserve cotton in August 2010, and textile enterprises actively purchased. The total turnover was 230 thousand tons in the whole month, and the net weighted settlement weighted average paction price was 17828 yuan / ton.


    When the international market entered the new cotton year, cotton prices continued to rise, and the difference between inside and outside cotton prices was narrowed.

    Cotton imports in August ended in 3 consecutive months of decline, which imported 240 thousand tons of cotton, an increase of 42% in the month, and an average import price of 2024 US dollars / ton, an increase of 4.3%.


    The textile industry is in the traditional off-season.

    textile

    Export growth has slowed down.

    In August, the export volume of textiles and clothing was US $20 billion 100 million, a decrease of 3.1%, an increase of 28.3% over the same period last year. The spinning output was 2 million 470 thousand tons, an increase of 7.1%, an increase of 15.3% over the same period last year.

    In the same month, textile enterprises mainly bought cotton and imported cotton, and the number of cotton shopping in the domestic spot market was small, and the paction price continued to decline slightly.

    In August, the average price of China's cotton price index (CC Index328) was 18124 yuan / ton, down 1.1% from July.


    In August, the national cotton began to enter the stage of cracking and bolting. Due to the continuous rain in the Yellow River basin, some cotton areas suffered serious floods, which was unfavorable for cotton growth. The situation of early harvest was changed, and cotton yield decreased.

    Affected by this, the total output is expected to be 6 million 700 thousand tons, a decrease of 260 thousand tons from last month's forecast.


    Affected by climate change, the new cotton market this year has been delayed for about half a month.

    At the end of 8, cotton picking and listing were carried out in Xinjiang, Hubei and other places. The price was about 8 yuan per kilogram. Due to the low quantity and quality, the actual turnover was less.


    In September, cotton futures and purchasing prices continued to rise sharply, due to the increase in domestic supply and demand gap and the expected price increase in the new year.

    In September 13th, the China Cotton Association held the three Executive Council of the two session. The delegates analyzed that there was speculation in the market. High cotton price meant high risk and was not conducive to the healthy development of the cotton industry.

    In the new year, there are still many uncertainties in China's textile exports. The output of cotton in main cotton producing countries has increased considerably, and the supply and demand in the international market are basically balanced.

    The State Council has approved the overall arrangement for the purchase and sale of cotton in 2010, and the departments concerned will study the cotton import quota plan in 2011, timely issue the import quotas, do well in the reserve control plan, coordinate the pportation and sale of New Territories cotton, bring some large cotton enterprises into the control system, and give full play to the positive role of the backbone enterprises in stabilizing the market under the guidance of the state.

    At the end of September, the departments concerned decided to increase the 400 thousand tons of cotton reserve sale plan again to meet the market demand.

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