Domestic Cotton Prices Continue To Decline Next Year Is Expected To Rebound

Data show that this year, 1~3 months, according to US dollars, China's textiles

The total amount was 59 billion 780 million US dollars, an increase of 2.9%.

Among them, textile exports amounted to 23 billion 990 million US dollars, an increase of 4.2%, and clothing exports amounted to US $35 billion 790 million, an increase of 2%.

The total export volume of textiles and clothing is 366 billion 130 million yuan, an increase of 3.1%.

Among them, the export of textiles was 146 billion 930 million yuan, an increase of 4.4%, and the export of clothing was 219 billion 200 million yuan, an increase of 2.2%.

It is worth noting that in March this year, China's textile and clothing exports showed a downward trend, priced in US dollars, and exported 12 billion 570 million US dollars in the same month, down 32.6% compared to the same period last year.

Among them, clothing exports 6 billion 690 million US dollars, down 35.4%.

According to the RMB valuation, the export volume of textiles and clothing in March was 77 billion 70 million yuan, down 32.3%.

Among them, clothing exports 41 billion 30 million yuan, down 35.1%.

Recently, the Xinjiang production and Construction Corps lowered the selling price of machine picked cotton 300~500 yuan / ton, the price of the CIF and customs clearance of the port went down slightly, and the cotton futures contract in recent months also declined.

Owing to the decline in the proportion of new cotton purchased from cotton mills and operators directly from the mainland warehouse, the quotations for hand picked cotton from the mainland to the mainland are no longer strong. The 2128 level quotations have dropped from 14200~14300 yuan / ton to 14000~14100 yuan / ton, and 2128 hand picked cotton in the Southern Shache, Mengaiti and Bachu areas of Kashi has dropped to below 14000 yuan / ton.

Reporters learned that cotton prices are down, cotton enterprises wait-and-see sentiment is strong.

At present, the pressure of cash flow in cotton textile enterprises is relatively large. In Shandong, Henan, Hebei, Jiangsu and Zhejiang, some small and medium-sized textile enterprises pay a lot of difficulties, and raw material purchases are intermittent.

At the same time, imported yarn has been hitting the domestic cotton yarn Market for a long time, and the price of cotton yarn has been dropping.

Cotton textile enterprises generally expressed concern about downstream market demand and export orders.

According to port traders, at present, the price of 21 imported yarn spinning rings is 18000~19000 yuan / ton, which is 1100 yuan / ton lower than the price of domestic yarn.

The origin of yarn is mostly in India, Uzbekistan, Indonesia and other countries. The products are mainly concentrated in Shanghai, Zhejiang and Shandong ports. The varieties are mainly made of combed 21~32 yarns which are quoted at 18000~21500 yuan / ton, and there are still a small number of air spinning 16~21 branches, combing 32 and 21 cotton yarns.

Recently, the Xinjiang issued by the national development and Reform Commission in 2015

The target price is 19100 yuan per ton, down 700 yuan / ton compared with last year.

The industry believes that the target price reduction will not have a big impact on cotton planting area.

The subsidy of 700 yuan / ton is actually reduced to less than 0.4 yuan per kilogram of cotton per kilogram. Therefore, from the impact of planting area, cotton growers of this kind of cotton will still grow, and the decline of planting area will be more due to the overall decline of cotton yield last year and the lower efficiency.

At the same time, the reduction of target price has a certain impact on the cotton price in the new year.

Some analysts say that from this year's point of view, most of the ginning mills are losing money. The main reason is that the high price of seed cotton has not been able to sell cotton lint at a high price. According to the cost of the initial acquisition of 14500 yuan / ton, plus the interest and warehousing costs at the later stage, the loss per ton is close to 1000 yuan.

This may lead to more cautious acquisition of cotton enterprises in the next year, and the possibility of purchasing prices at an early stage is more likely.

For cotton growers, because of the fact that the combined price of the actual subsidy and the selling price has not reached 19800 yuan / ton in most regions this year, cotton farmers may choose to protect their own interests in the case of lower target prices this year, which will form a certain support for cotton prices.