Development And Reform Commission: Domestic And Foreign Market Cotton Prices Continue To Decline

In May, domestic and foreign market cotton prices continued to decline.

First, cotton prices continue to fall in the domestic market.

According to monitoring, as of the end of May, the whole country

Domestic cotton prices continue to fall, thanks to the sharp fall in international cotton prices and other factors.

In May, the average selling price of the standard grade lint in the mainland was 25110 yuan / ton, down 3984 yuan / ton, or 13.7%; the average price of Xinjiang standard lint sale was 26113 yuan / ton, down 3817 yuan / ton, or 12.8%.

The settlement price of Zhengzhou cotton futures contract in July was 25335 yuan per ton, down 3053 yuan / ton from last month, down 10.8%, and the national cotton trading market electronic matching paction was 24666 yuan per ton in July, and was down 3238 yuan / ton from last month, with a decline of 13.1%.

Two, cotton prices fell sharply in the international market.

In May, the international market was affected by factors such as strong US dollar and sluggish exports of US cotton.

Three, cotton imports decreased, textile exports grew faster.

According to statistics from the General Administration of customs, China imported 145 thousand tons of cotton in May, a decrease of 53 thousand tons compared with the same period last year, a decrease of 27%.

In 1-5 months, China's total import of cotton was 1 million 206 thousand tons, down 11.7% from the same period last year.

As of May, 2010 cotton year (from September 2010 to August 2011), China's total imports of 2 million 92 thousand tons of cotton, an increase of 9.2% over the same period last year.

According to the statistics of National Bureau of statistics, the output of Chinese yarn was 2 million 408 thousand tons in May, an increase of 191 thousand tons compared with that of the previous year, an increase of 8.6%.

In 1-5 months, China's yarn production totaled 10 million 803 thousand tons, an increase of 10.1% over the same period last year.

As of May, China's yarn production reached 2010 tons in the year of 20 million 792 thousand cotton, an increase of 10.3% over the same period last year.

According to the General Administration of customs statistics, China's textile and apparel exports in May amounted to US $20 billion 340 million, an increase of 39.1% over the same period last year.

In 1-5 months, China's textile and apparel exports totaled US $88 billion 840 million, an increase of 26.6% over the same period last year.

As of May, China's textile and apparel exports totaled 165 billion 590 million US dollars in the 2010 cotton year, an increase of 25.1% over the same period last year.

In May, 32 pure cotton