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    China Store Cotton Purchase And Storage &Nbsp; Cotton Price Rise

    2011/10/26 9:17:00 16

    Reserve Price Recovery

    Since the beginning of this year, cotton prices have changed steadily, and the trend has been rising steadily in the second half of last year.

    The monthly report on cotton market released in September by the economic and Trade Department of the NDRC showed that after the start of the temporary storage and storage of cotton by the China Cotton Storage General Corporation,

    cotton

    Spot prices began to rise steadily after falling.

    In addition, the international market price of cotton shocks intensified, textile exports growth slowed down.


    The monthly report shows that after September 1st, cotton prices in the domestic market for 5 consecutive working days were lower than the 19800 yuan / ton temporary storage price set by the state. According to the relevant regulations, after approval by the relevant departments, the China Cotton Storage and storage company started the temporary storage and purchase of cotton in September 8th.

    The effect of collecting and storing policies to support the market shows that domestic cotton spot prices have steadily recovered.

    For example, the average selling price of the standard grade lint in the mainland is 19738 yuan / ton, up 398 yuan / ton compared with the previous month, or 2.1%; the average selling price of Xinjiang standard lint is 20160 yuan / ton, up 444 yuan / ton, or 2.3%.


    In addition, the monthly report said that in the middle and September of last year, the price of cotton rose in the international market, influenced by the US's third round of easing policy and China's temporary purchasing and storage policy. In the middle and later ten years, the European debt crisis intensified, and cotton production in India and Australia exceeded expectations.


    According to statistics of the General Administration of customs, China's textiles in September

    clothing

    Exports of $22 billion 980 million, an increase of 14.8% over the previous year, an increase of 11.6 percentage points from the previous month.


    Related news


    Winter clothing prices are rising


    Although cotton prices have gone down, journalists have visited many garments in Beijing.

    market

    It is found that the price of winter clothes newly listed in major shopping malls is generally higher than that of last year.


    Ma Wenfeng, an analyst at Beijing orient Agricultural Consulting Co. Ltd., said yesterday that according to his research, the newly released winter clothes, with the same price of some fabrics and styles, have been raised year-on-year, and the range is generally over 10%, and individual brands have risen even more than 30%.

    Ma Wenfeng said, "cotton and other primary agricultural products [0.00 0% shares bar Research Report] prices rise or fall, after a long industrial chain, it is difficult to directly reflect the terminal consumer products."

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