Analysis Of The Overall Performance Of The Textile Market

Imports continued to decline and Australian cotton was favored.

According to customs statistics, China imported 161 thousand and 300 tons of cotton in June, down 26.1% from the same period last year, a drop in twenty-ninth months since 2013.

That month imports 84 thousand tons of cotton, 52%, 35 thousand and 200 tons of imported cotton, 21.8%, and imports of cotton in September the highest monthly level since last month.

The main reason for the high price of Australian cotton is due to the high quality of Australian cotton, good fiber length and high consistency of cotton linen in 2015. Cotton spinning 40 and 50s high count combed yarn are more attractive to Chinese textile enterprises.

It is understood that in May, Australia signed 49 thousand tons of lint cotton, and China signed 36 thousand and 800 tons, accounting for more than 7.

Half a month

Down 11.2%.

Since the signing of the Iranian nuclear agreement in July 15th,

The return to the oil market will have a great impact on the international oil market with unbalanced production and demand, and international crude oil futures will continue to fall.

According to statistics, New York crude oil futures fell from 53.04 US dollars / barrel to 47.12 US dollars / barrel in July 31st, and 11.2% in the half month, which fell 2.12% this week.

Continuous decline in crude oil may continue to keep polyester fibers under pressure.

The turnover of cotton was 66.2% lower than last week, and the Xinjiang corps' cotton competition was better than that of the cotton.

This week, the turnover of cotton reached 3900.88 tons, down 66.2% from last week, accounting for only 1.5% of the turnover.

Among them, 3267.91 tons of domestic cotton and 2012 tons of imported cotton in 2012.

At the same time, Xinjiang corps cotton turnover of 3330.07 tons, down 26.5% compared with last week, a decrease of less than the output of cotton, accounting for 3.33% of the volume.

It is understood that the corps cotton turnover is better than the main reason for the emergence of cotton, one is relatively good quality; the two is the service commitment.

In July 14th, the Xinjiang Corps issued a notice on the provision of funds and distribution services to dealers in the national cotton market through the national cotton market (2015, commodity cotton exchange No. twelfth). In order to ease the tight funds and pportation difficulties of buyers when purchasing, the exchange market provides fast and safe capital services to the buyers dealers and low cost and efficient highway pportation services.

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Despite the decline in the area of cotton planting in the world, the supply pressure of cotton market in 2015/2016 has not been reduced under the hedging of raising per mu yield and decreasing the rate of abandonment.

China's cotton producing areas are also facing these risks.

The global demand and demand forecast for July released by the International Cotton Advisory Committee (ICAC) considers that the global cotton planting area in July is expected to be 31 million 300 thousand hectares, down 6% from the same period last year. However, it is partly offset by the decrease in the rate of abandoned cultivation and the slight increase in yield per unit area.

At the same time, it is estimated that the world's cotton production is 23 million 900 thousand tons, a decrease of 9% compared with the same period last year. It is estimated that the global cotton consumption will be 24 million 900 thousand tons, an increase of 2% over the same period last year.

Although the gap between production and demand reached 1 million tons, but due to the estimated global cotton ending inventory in 2014/2015, 21 million 900 thousand tons, an increase of 9% over the same period, and the inventory consumption ratio of 90%, so in 2015/2016, the global stock still has 20 million 900 thousand tons, down only 5% from the same period last year.

USDA's forecast is more pessimistic. In its July global cotton production and demand report, it said that China's cotton inventories will increase by 544 thousand tons in the 2015/2016 year, as a result of the decrease in China's cotton consumption and the significant increase in the amount of chemical fiber and imported yarn. This will stimulate the global end market stock to increase by about 400000 tons.