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    Monthly Report On Cotton Situation In China (February)

    2012/3/12 13:35:00 11

    Cotton Market Situation In February

    The National Bureau of statistics issued the 2011 national economic and social development statistical bulletin to publish annual data.

    In 2011, the total cotton planting area was 75 million 600 thousand mu, an increase of 3.9% over the same period, and the total output of cotton was 6 million 600 thousand tons, an increase of 10.7% compared with the same period last year.

    The main indicators of the textile industry continued to grow, but the growth of some indicators decreased compared with the previous year. The added value of the textile industry above the scale increased by 8.3%; the fixed assets investment in the textile industry was 366 billion 900 million yuan, an increase of 30.9% over the same period last year; the textile, clothing, footwear and hat manufacturing industry invested 226 billion 700 million yuan, up 43% over the same period last year; the yarn production of 29 million tons, an increase of 6.7% over the same period last year, and 83 billion 700 million tons of cloth production, an increase of 4.6% over the same period last year.


    In 2012,

    Temporary storage

    Continue to carry out, the storage capacity has exceeded the output of 30%, and the market circulation of resources has decreased. At the same time, the survey showed that cotton farmers' intention to cotton planting in the new year will be greatly reduced.

    Market confidence in the market was strengthened, and domestic cotton futures and electronic matching prices rebounded, driving cotton spot prices up slightly, but due to no apparent change in demand, the actual volume was limited.

    The average monthly price of China's cotton price index (CC Index328) is 19247 yuan / ton, up 0.8%, up 31.1% from the same period last year.


    In January, new year's day and Spring Festival holidays were more frequent, working days were less than the same period last year. In the second half of the month, seed cotton purchase, lint sales and textile production, sales and so on were all stagnant or decreasing, and some indicators decreased year by year.


      

    Xinjiang cotton region

    The takeover has ended, and the number and quality of seed cotton have been falling towards the end of the Yangtze River Basin. The seed cotton purchase in January was mainly concentrated in the cotton area of the the Yellow River River Basin.

    By the end of January, the average sale rate of cotton growers in China was 86.9%, an increase of 4.1 percentage points, which is basically the same as that of the same period last year.

    With the reduction of seed cotton resources, the number of processing and stopping enterprises increased further.

    The Yellow River basin 400 cotton processing enterprises average purchase price of standard grade 8.05 yuan / kg, up 0.63%, the average purchase price of the Yangtze River Valley 8.16 yuan / kg, down 0.24%.


    Affected by the quantity and price of seed cotton, holiday, storage capacity and other factors, the volume of temporary storage and purchase decreased in January, and Xinjiang cotton area decreased greatly.

    The total turnover of 303 thousand tons in the whole month was 73.3% lower than that in the mainland, with 187 thousand tons in the mainland and 116 thousand tons in Xinjiang.

    By the end of January, the total number of temporary storage and storage in 2011 was 2 million 476 thousand tons, of which 957 thousand and 700 tons in the mainland and 1 million 518 thousand and 600 tons in Xinjiang.


    Because

    Storage capacity

    The number of commercial cotton warehousing is larger than that of the same period in previous years.

    The cotton association of China monitored the total turnover of the total commodity cotton turnover in the end of January to about 1 million 229 thousand tons, an increase of 117 thousand tons compared with December, a decrease of 360 thousand tons compared with the same period last year, of which the inventory of Xinjiang decreased and the increase in the mainland's warehousing slowed down.


    In 2012, cotton textile enterprises continued to continue to be weak, and production and sales were not strong. In January, most enterprises purchased raw materials prudently, and cotton stocks continued to decrease compared with the same period last year, and the output of main products decreased. Although the prices of some finished products rose slightly, sales did not improve significantly, and inventories continued to increase.

    Due to the decrease in working days, the export volume of textiles and clothing has declined.

    According to customs statistics, exports of textiles and clothing in January amounted to $21 billion 520 million, down 0.5% from the same period last year.

    The price difference between home and abroad is still relatively large. The import quota of the first batch of cotton has been issued in 2012, and the import volume of textile enterprises is still at a high level. According to customs statistics, in January, 327 thousand tons of cotton imported from China decreased by 16.6% compared with the same period last year, of which the proportion of tariff quotas increased significantly, and the average import price was 2401 US dollars / ton per month, down 3% compared with the same month.


    After the Spring Festival, cotton farmers will start spring planting.

    Relevant departments of the state are studying the policy of temporary collection and storage in the new year to ensure the interests of cotton farmers.

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