Cotton Prices Rose In The International Market, And Cotton Imports In China Decreased By 9.7% Over The Same Period Last Year.

< p > information released by the national development and Reform Commission shows that in August, cotton prices in the international market increased, and cotton imports in China decreased by 9.7% compared with the same period last year. The domestic cotton market was running smoothly, and the yarn production in China increased by 2.8% over the same period last year.

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< p > by the weakening of the US dollar index and the US Department of agriculture's reduction of the global cotton output in the new year and other factors, cotton prices rose in the international market in August.

In that month, the New York cotton futures contract settlement price in October was 87.38 cents / pound, up 1.51 cents / pound from the previous month, or 1.8%; the Chinese main port's quoted price (M level) of imported cotton was calculated at 15140 yuan / ton according to 1% tariff, which rose 344 yuan / ton, or 2.3%, compared with last month.

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< p > according to statistics of the General Administration of customs, China imported 276 thousand tons of cotton in August, a decrease of 30 thousand tons compared with the same period last year, a decrease of 9.7%.

1~8 months total imports of 3 million 26 thousand tons of cotton, down 741 thousand tons, or 19.7%.

2012 cotton imported 4 million 397 thousand tons of cotton per year, down 1 million 44 thousand tons, or 19.2%.

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< p > August, the average selling price of the standard grade lint in the mainland was 19187 yuan / ton, down 42 yuan / ton, or 0.2%; the average price of Xinjiang standard lint sale was 19504 yuan / ton, unchanged from last month.

Zhengzhou cotton futures contract settlement price of 20975 yuan / ton in September, up 151 yuan / ton from last month, or 0.7%; the national cotton trading market electronic matching paction average price in September was 19028 yuan / ton, down 175 yuan / ton, or 0.9%.

The average monthly price of 32 cotton combed yarn was 25845 yuan / ton, down 29 yuan / ton from last month, or 0.1%, and the average monthly price of polyester staple fiber was 10219 yuan / ton, up 261 yuan / ton from last month, or 2.6%.

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< p > according to the statistics of National Bureau of statistics, the output of Chinese yarn was 2 million 943 thousand tons in August, an increase of 2.8% over the same period last year.

1~8 monthly yarn production totaled 22 million 555 thousand tons, an increase of 7.8% over the same period last year.

2012 cotton annual yarn output totaled 35 million 52 thousand tons, an increase of 10.2% over the same period last year.

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