China's Textile And Clothing Exports Achieved Steady Growth In The First Three Quarters Of The Year

According to data released by the General Administration of customs, September textile Clothing exports and growth rate slightly lower than the three quarter of the previous two months, but still maintained high. Exports in the month amounted to US $28 billion 550 million, an increase of 7.4% over the same period, of which 9 billion 750 million US dollars in textile exports, an increase of 7.3%, and clothing exports 18 billion 800 million US dollars, an increase of 7.4%.

Textiles in the first three quarters clothing Cumulative Exit Achieve steady growth. Exports amounted to US $221 billion 900 million, an increase of 5.9%, of which 83 billion 110 million US dollars in textile exports, an increase of 5%, and clothing exports 138 billion 790 million US dollars, an increase of 6.5%.

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China's cotton policy has been exacerbated by the global cotton prices impacted by the bumper harvest of American cotton. New York cotton fell to its lowest level since 2009, and cotton prices continued to recall the accumulated gains in the past five years, which was lifted by China's massive purchase and storage, and reported 61.57 yuan per pound 24/9/2014.

This is the biggest impact on US farmers who want cotton prices to continue to rebound. It is even more worrying that policy adjustments may damage Global trade and curb demand.

The US government predicted that China's imports of 2014/15 crops will be 8 million packs per year, and China's planned imports will be almost half the estimated value of the US government.

Farmers in the United States say they may not grow cotton next year, and grow better priced sweet potatoes and tobacco.

The adjustment of China's cotton policy has affected the production and export of India's cotton yarn. If the price difference of policy is lower than that of the previous market, the import demand of Chinese cotton yarn has been reduced, while the export of India and Pakistan to cotton yarn in China has also declined significantly. However, China's policy of cotton and cotton yarn is shields, which sets aside more room for rotation.

However, downstream industries, such as knitting enterprises, have certain demand for the three cotton yarn for the US and Australia cotton bleaching yarns, and the cost price is absolutely predominant in India and Pakistan on the production of coarse yarn.

This wave made the international cotton price plummeting, making other countries, such as Vietnam and Indonesia, cheaper in terms of cotton cost and lower production cost. The competition of cotton yarn prices at home may cause greater pressure on domestic cotton spinning enterprises.

New York's cotton CTH4 in March will probably fall below 60 cents. Cotton prices will continue to reflect the cumulative gains over the past five years, and cotton prices have dropped 25% since May.

It is expected that cotton prices will continue to fall as China digests cotton stocks, which makes it difficult for domestic customers to make loans to buy cotton, because banks will worry that customers hold high priced cotton stocks, which will further pressure cotton spinning enterprises.