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Domestic And Foreign Market Prices Gradually Dropped In November

2010/12/23 18:29:00 92

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According to China cotton net December 23rd news, November, domestic and foreign markets

Cotton price

Gradual decline.

Cotton imports, textile production and exports showed an upward trend.

First, the domestic market price of cotton has gradually dropped.

According to the national cotton market monitoring system, as of the end of November, new cotton

Pick

The progress was 93.1%, down 2.8 percentage points compared with that of the previous year, and the percentage of seed cotton sale (accounting for 78.9% of the picking) decreased by 4.5 percentage points compared with that of the previous year. The cotton processing enterprises accounted for 67.8% of the new cotton processing rate (the share of the purchase), 6.3 percentage points higher than the same period last year, and 19.3% of the new cotton sales rate (the proportion of processed products), a decrease of 1.3 percentage points over the same period last year.

Among them, the picking rate in Xinjiang was 94.1%, down 5.1 percentage points compared with that of the previous year, and the seed cotton sale rate was 94.3%, down 3 percentage points compared with the same period last year. The new cotton processing rate was 63.2%, down 5.9 percentage points compared with that of the previous year, and the sales rate of new cotton was 28.9%, down 2.1 percentage points compared with the same period last year.

With the implementation of various measures to ensure stable prices and fight against cotton market speculation, after mid November,

Domestic cotton

The market has cooled down, and spot and futures prices have gradually dropped.

In November 30th, the average purchase price of the 3 grade seed cotton in the mainland was 5.43 yuan / Jin, down 1.48 yuan / Jin, or 21.4%, compared with the highest in November 12th, and the average price of seed cotton purchase in Xinjiang was 4.98 yuan / Jin, down 27.6% yuan compared with the highest in November 12th.

The average price of the standard grade lint in the mainland is 26425 yuan / ton, down 4810 yuan / ton compared with the highest in November 12th, or 15.4%; the average price of Xinjiang standard lint is 26695 yuan / ton, down 4234 yuan / ton, or 13.7% lower than that of November 12th.

Zhengzhou cotton futures contract settlement price of 26025 yuan / ton in January 2011, compared with the highest in November 9th, dropped 7400 yuan / ton, or 22.1%; the national cotton trading market electronic matching paction January 2011 average price of the contract 28631 yuan / ton, compared with November 9th highest time fell 5161 yuan / ton, or 15.3%.

Two, the high price of cotton in the international market.

In November, the US dollar index rose and the international commodity prices fell.

In November 30th, the average price of New York cotton futures contract in December was 126.23 cents / lb, which was 25 lower than the highest in November 9th, or 16.5%.

The average price of China's main ports on imported cotton is 25414 yuan / ton at 1% tariffs, down 4915 yuan / ton compared with the highest in November 9th, or 16.2%, and 25736 yuan / ton according to the sliding tax, which is 4867 yuan / ton lower than the highest in November 9th, or 15.9%.

Three, cotton imports, textile production and exports showed an upward trend.

According to customs statistics, in November, China imported 126 thousand tons of cotton, an increase of 13 thousand tons, an increase of 11.8%, an increase of 30 thousand tons, an increase of 31.3%.

In 1-11 months, China imported 2 million 375 thousand tons of cotton, an increase of 1 million 66 thousand tons compared with the same period, an increase of 81.4%.

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According to the statistics of National Bureau of statistics, the national yarn production in November was 2 million 467 thousand tons, an increase of 220 thousand tons compared with that of the previous year, an increase of 9.8%.

1-11 months of yarn production totaled 24 million 856 thousand tons, an increase of 3 million 204 thousand tons compared with the same period, an increase of 14.8%.

According to customs statistics, in November, China's textile and clothing exports were 19 billion 20 million US dollars, an increase of 36.2% over the same period last year, an increase of 1 billion 220 million US dollars, an increase of 6.8%.

In 1-11, China's textile and apparel exports totaled US $186 billion 620 million, an increase of 24.2% over the same period last year.

In November, the price of cotton yarn dropped sharply after the rapid rise of the price of raw materials and the weakening of textile downstream sales.

In November 30th, 32 domestic cotton combed yarn prices were quoted at 38200 yuan / ton, down 4800 yuan / ton compared with the highest in November 12th, or 11.2%.

The price of polyester staple fiber is 14370 yuan / ton, down 3600 yuan / ton compared with the highest in November 12th, or 20%.