Target Policy Drives Cotton Seed Cotton In Xinjiang Cotton Area With Higher Enthusiasm.

Output: Statistics of the National Bureau of statistics. In 2014, the total area of cotton sown in China was 63 million 286 thousand mu, a decrease of 2.9% compared with the same period last year, and the total output of cotton was 6 million 161 thousand tons, a decrease of 2.2% compared with that of the previous year. The average cotton yield per unit area was 97.4 kg / mu, up 0.7% over the same period last year.

According to the statistics of China Cotton Association, in 2014, the total area of cotton planting in China was 63 million 397 thousand mu, down 9.35% from the same period last year. The meteorological conditions were better than last year. The cotton yield per unit area increased by 2%, and the cotton output in the whole country was 6 million 504 thousand tons, down 7.11% from the same period last year.

According to Breck research, driven by the target policy, the cotton planting enthusiasm of Xinjiang cotton area is relatively high, and the sown area of the cotton area in the mainland is decreasing greatly.

The picking period of some cotton areas in Xinjiang is affected by frost and other factors. Cotton production is slightly lower than that predicted in the previous period. This period will temporarily maintain 6 million 320 thousand tons of cotton output in 2014/15.

Consumption: in December, the boom of the textile industry was improved, and the start-up rate and orders improved. The raw materials for downstream textile stocks were in urgent need, and the willingness to replenishment was stronger.

Driven by rigid replenishment, market turnover has been restored, mainly in the purchase of high quality cotton and high-grade cotton, and the demand for low grade cotton is still weak.

According to market rumors, the quota issuance of new year is linked to the purchase ratio of Xinjiang cotton, Xinjiang cotton has improved markedly and is stepping up its pfer to the mainland.

In November, China imported 164 thousand tons of cotton yarn, a decrease of 5.2%, a decrease of 6.7% compared with the same period last year, a decrease of 1.4 percentage points from the previous month.

China's total imports in 1-11 months

The total volume of 1 million 800 thousand tons decreased again, representing a decrease of 6.7%.

The quotation of imported yarn continued to be callback, the overall shipment was not smooth, but the impact on domestic cotton consumption and domestic medium and low grade yarn was still more obvious. At present, port inventory has dropped to less than 60 thousand tons.

Cotton is still facing a high inventory and low consumption pattern in the new year. It is expected that consumption in 14/15 will be slightly better than that in 13/14, which will maintain 13/14 for the current year.

Estimated consumption of 7 million 300 thousand tons, temporarily maintain 14/15 cotton consumption 7 million 500 thousand tons forecast.

Import and export: November, China

Cotton 91 thousand and 500 tons, a year-on-year decrease of 47%, an increase of 11.7%.

In 2014/15, as of November, China imported 296 thousand and 300 tons of cotton, a decrease of 42% compared to the same period last year.

In December, the quotations were stable, and the difference between domestic and foreign cotton prices was further narrowed. However, the port's high-grade cotton resources were scarce and prices were strong.

The quantity of cotton arrived in port has been reduced, and the market quotas have been priced at 1000 yuan / ton. Traders generally do not think much of the market. There is no good news for the market, and the price of cotton is expected to remain weak.

The relevant departments announced that the quota of imported cotton would no longer be issued in 2015, and the operating space of imported cotton would obviously shrink. The market will mainly consume state cotton and cotton. The cotton import volume of China in the new year is expected to fall sharply. This period will temporarily maintain the forecast of 2 million tons in 14/15.

End inventory and inventory consumption ratio: 2013/14 end of the year inventory 11 million 750 thousand tons, inventory consumption ratio of 161%.

2014/15 end of the year inventory 12 million 560 thousand tons, inventory consumption ratio of 167%.