Decrease In Cotton Imports And Slowdown In Textile Exports

In June, the domestic reserve cotton was put into production in an orderly manner, and the cotton market was basically stable. The spot price of cotton fell in the international market. spin Export growth slowed down.

1、 The domestic cotton market is basically stable

In June, the average sales price of standard lint in the mainland was 19280 yuan/ton, down 20 yuan/ton or 0.1% from the previous month; The average sales price of Xinjiang standard lint is 19504 yuan/ton, which is the same as last month. The contract settlement price of Zhengzhou cotton futures in July was 19916 yuan/ton, up 66 yuan/ton from the previous month, or 0.3%; The average contract price of electronic matchmaking transaction in the national cotton trading market in July was 18919 yuan/ton, down 591 yuan/ton or 3% from the previous month. 609000 tons of reserve cotton were sold in the current month, an increase of 13000 tons over the previous month, and 2.513 million tons had been sold by the end of June.

2、 The spot price of cotton in the international market fell

The spot price of cotton in the international market fell in June due to factors such as the US Federal Reserve may gradually tighten the quantitative easing monetary policy at the end of the year, and the decline of US cotton export shipments. In the current month, the CIF quotation of imported cotton in China's main port was 14761 yuan/ton based on 1% tariff, a drop of 177 yuan/ton or 1.2% compared with the previous month; Calculated by sliding standard tax, it was 15629 yuan/ton, down 130 yuan/ton from the previous month, or 0.8%. The settlement price of July contract of New York cotton futures was 85.67 cents/pound, up 1.02 cents/pound or 1.2% from the previous month.

3、 Cotton imports decreased and textile exports slowed down

According to the statistics of the General Administration of Customs, China imported 270000 tons of cotton in June, a year-on-year decrease of 206000 tons, or 43.3%. From January to June, China imported 2.412 million tons of cotton, a year-on-year decrease of 21%. As of June, the annual cotton imports in 2012 totaled 3.783 million tons, a year-on-year decrease of 946000 tons, or 20%.

According to the statistics of the National Bureau of Statistics, China's yarn output in June was 3.044 million tons, up 5.5% year on year. From January to June, the yarn output was 16.707 million tons, up 8.8% year on year. As of June, China's annual cotton output in 2012 had totaled 26.199 million tons, up 11.6% year on year. According to the statistics of the General Administration of Customs, China's textiles in June clothing Exports reached US $24.09 billion, up 5.3% year on year. The growth rate was the same as that of last month, 8.5 percentage points lower than that of January May. From January to June, textile and clothing exports totaled US $127.21 billion, up 12.1% year on year. As of June, the annual textile and clothing exports of cotton in 2012 totaled USD 220.18 billion, up 11% year on year.

In June, the average monthly price of 32 cotton combed yarns was 25910 yuan/ton, down 23 yuan/ton or 0.1% from the previous month; The average monthly price of polyester staple fiber is 9934 yuan/ton, down 155 yuan/ton from the previous month, or 1.5%.