Domestic Cotton Industry "Relax The Muscles And Promote Blood Circulation" Prices Are Stable.

< p > since the beginning of this year, the international a href= "http://www.91se91.com/news/index_cj.asp" > cotton price < /a > has gone all the way. At present, the price difference between home and abroad has narrowed to 2305 yuan / ton, and the price difference between China and the United States has been close to the relatively low level since 2012.

Analysts pointed out that the global 2013/2014 cotton planting area determined to decline, the domestic and foreign cotton price differential further narrowed is expected to be strong, multiple positive effects, the domestic cotton industry chain is expected to "comprehensive boost", the competitiveness of upstream and downstream enterprises will gradually recover.

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< p > < strong > the difference of cotton price between inside and outside is reduced < /strong > < /p >

< p > cotton prices continue to rise in the international market as a result of news of reduced cotton planting area in the United States and increased volume of US cotton exports. The 18 day ICE cotton contract in May hit a new high recently, closing at 92.5 cents / pound.

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Under the support of purchasing and storage policy, the < a href= "http://sjfzxm.com/DESIGN/designer/index.asp" > cotton market < /a > runs smoothly under the support of P.

Zhengzhou cotton futures contract settlement price in March reported 19592 yuan / ton, down 374 yuan / ton from last month.

Wei Qiao textile Zhang Hongxia said that this year the state released cotton reserves to stabilize prices, coupled with rising international cotton prices, the future price difference or further narrowing.

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< p > analysts pointed out that the current domestic and foreign cotton prices narrowed, which is close to the relatively low level since last year. If some cotton < a href= "http://www.91se91.com/news/index_p.asp" > textile > /a > enterprises can expect to get more import quotas, and the cost of raw materials will not be much different from those of international competitors.

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< p > Jinqiao textile net news, in February, the import price of China's main port on the coast of imported cotton was calculated at 1% yuan tariff to 14776 yuan / ton, up 735 yuan / ton from last month, or 5.2%; according to the "sliding tax", it was calculated to be 15502 yuan / ton, up 576 yuan per ton, or 3.9%.

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< p > the global cotton planting area of 2013/2014 has declined in a definite way, while more than half of its stocks are in the hands of China's national reserve. In view of the larger shrinkage probability of cotton prices in the future, the negative factors that will affect the global competitiveness of China's cotton textile industry will be weakened.

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< p > < strong > the intention to replenishment will be increased < /strong > < /p >

< p > the latest cotton supply and demand report released by the US Department of agriculture has reduced global cotton inventories to 76.3% for the first time.

China's cotton network statistics also show that in February, domestic cotton textile enterprises in the warehouse cotton inventory of 759 thousand and 800 tons, the decline is more obvious.

Analysts pointed out that the data reflected from the side that the willingness of the global textile mills to replenishment in the near future is increasing, and this trend has also become the main driving force for the recent increase in the price of foreign cotton.

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< p > it is learnt that the relevant departments will issue temporary quotas for processing cotton trade in the near future to meet market demand, with a quota of about 70-80 tons.

However, the nature of the quotas is "processing trade" rather than "quasi tax" quota, which has limited impact on domestic cotton prices.

The national development and Reform Commission said earlier that cotton import quotas in 2013 amounted to 894 thousand tons.

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< p > however, China is the largest cotton consuming country in the world. Although the quota of processing trade quotas on cotton imports has limited impact on domestic cotton prices, it will boost the price of American cotton to a certain extent, and domestic export textile enterprises will get breathing space.

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< p > < strong > textile enterprises export business improvement < /strong > < /p >

< p > with the further narrowing of the domestic and foreign cotton price difference, < a href= "http://www.91se91.com/news/index_c.asp" > textile enterprises < /a > the recovery of export trade exceeded expectations.

According to the latest data from the General Administration of customs, China's textile and apparel exports totaled 41 billion 170 million US dollars in 1-2 months in 2013, up 31.8% over the same period last year.

Among them, the export volume of domestic textiles in February was 5 billion 890 million US dollars, up 38.08% over the same period last year, far exceeding market expectations.

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< p > the latest analysis shows that the economic situation of European countries has not deteriorated in recent months. The latest PMI index in Europe and the United States has reached a new high in recent years. American consumers are optimistic about the future economic situation.

At the same time, Japan's GDP ratio is flat, and the economy is gradually getting rid of recession.

Guotai Junan believes that China's good export performance in 1 and February is not a flash in the pan, and it is expected that the export market will pick up again.

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< p > analysis puts forward reservations that the export growth in 1 and February is not sustainable. In the background of moderate or mild recovery, China's textile industry exports may only grow slightly.

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