Development And Reform Commission September Cotton Market Monthly Report 10: Cotton Prices Continue To Rise
In September, some of the main products in China were produced. Cotton region Under the continuous rainy weather, the growth of new cotton was adversely affected, and the price of purchase and sale rose sharply. Cotton prices continue to rise in the international market. Textile production and exports continued to grow rapidly.
First, domestic market Cotton prices rose sharply
In September, cotton prices rose rapidly in the domestic market, due to the impact of new cotton production reduction and delayed listing and social capital participation in speculation. The average price of the 3 grade seed cotton purchase in the mainland is 4.38 yuan / Jin, up 1.42 yuan / Jin, or 48.2%; the average price of Xinjiang 3 seed cotton purchase is 4.68 yuan / Jin, up 1.74 yuan / Jin, or 58.8%. In that month, the average price of the standard grade lint in the mainland was 19471 yuan / ton, up 1340 yuan / ton from the previous month, or 7.4%; the Zhengzhou cotton futures contract settlement price in November was 19808 yuan / ton, up 2665 yuan / ton from the previous month, or 15.5%; the average price of the national cotton trading market electronic matching November was 20143 yuan / ton, up 3147 yuan per ton, or 18.5%.
Two. international market Cotton prices continue to rise
In September, international cotton prices continued to rise due to factors such as India's new cotton market being postponed and the US dollar index falling. In that month, the average price of New York cotton futures contract in October was 96.62 cents / pound, up 9.82 cents / pound from the previous month, or 11.3%. The average price of the imported cotton is 18502 yuan / ton based on 1% tariff, up 2140 yuan / ton, or 13.1%, and 18892 yuan / ton according to the sliding tax, up 2119 yuan / ton, or 12.6%.
Three, textile production and exports continue to grow rapidly.
According to customs statistics, China imported 201 thousand tons of cotton in September, an increase of 99 thousand tons compared with the same period last year, an increase of 96.6%. In 1-9 months of this year, China imported 2 million 153 thousand tons of cotton, an increase of 1 million 75 thousand tons compared with the same period last year, an increase of 99.7%.
According to the statistics of National Bureau of statistics, the national yarn production in September was 2 million 438 thousand tons, an increase of 298 thousand tons compared with that of the previous year, an increase of 13.9%. In the 1-9 month of this year, China's yarn production totaled 19 million 975 thousand tons, an increase of 2 million 770 thousand tons compared with the same period last year, an increase of 16.1%. According to customs statistics, in September, China's textile and clothing exports amounted to 20 billion 20 million US dollars, up 19.5% over the same period last year. In the 1-9 months of this year, China's textile and apparel exports totaled 149 billion 820 million US dollars, up 23.2% over the same period last year.
Since September, textile has entered the selling season, and the cost of raw materials has increased, and the price of cotton yarn has risen. The average monthly price of 32 Cotton Combed Yarns in China is 27426 yuan / ton, up 1015 yuan / ton from last month, or 3.8%. The average monthly price of PET staple is 10387 yuan / ton, up 899 yuan / ton from last month, or 9.5%. The difference between the standard grade cotton and polyester staple in the month was 9084 yuan / ton, an increase of 441 yuan / ton from last month.
Four, seven departments jointly held a meeting to deploy cotton work in the new year.
In September 27th, the seven departments of the national development and Reform Commission jointly held the national teleconference on cotton work, summed up the cotton work in 2009, analyzed the cotton market situation in 2010, and deployed the new year's work. The conference held that cotton production in China decreased slightly in 2010, while cotton demand continued to grow, but the growth rate slowed down. Production and demand in the international cotton market were basically balanced, and the supply and demand situation improved.
In order to meet the needs of textile cotton and stabilize the cotton market, the state has increased 400 thousand tons of cotton reserves and total 1 million tons. As of September 30th, cotton reserves totaled 672 thousand tons, and 67.2% of the total put into operation.
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