China's Cotton Imports Are Not Optimistic In The Second Half Of The Year.

Over the past few cycles, cotton has fallen along with the overall commodity market.

From the beginning of this year

Seven

month

Twenty-one

The closing day closed up.

52%

。

Tuesday is at pound per pound.

Six thousand four hundred and twenty-four

Cents, still away

Six

month

Twenty-nine

This year's high

Six thousand nine hundred and thirteen

The cent is not far.

The largest importer of cotton

---

China has sharply reduced procurement this year, and announced that it will sell large quantities of national cotton reserves, and China's number of cotton reserves is also the world's largest.

The US Department of agriculture has raised global cotton inventories and lowered China's demand forecast for the largest consumer countries.

The United States Department of agriculture is probably the most concerned cotton forecasting agency.

If this is not enough, competition from artificial fibers such as polyester fibers is intensifying as crude oil prices decline and the medium term remains weak.

Crude oil is the raw material for producing many man-made fibers.

According to customs data, China

Six

Imports of cotton fell from a year earlier.

26%

Until

One hundred and sixty-one thousand seven hundred and seventy-five

Tons.

China's cotton imports are down this year.

33%

Imports in the first half of the year

Nine hundred and thirty-three thousand seven hundred and seventy-nine

Tons.

China's cotton import prospects are also not optimistic in the second half of the year.

Compared with domestic supply, international

Prices are still too high, and most import quotas have been used.

China's annual quota of cotton imports is

Eight hundred and ninety-four thousand

Tons of imports exceeding the quota or within the quota system should be paid.

40%

Import duties.

China's imports are further empty signals, which are sold by the government.

Encourage the purchase of domestic cotton.

Beijing plan

Eight

Sell before the end of the month.

One hundred

Million tons of national cotton reserves, designed to gradually reduce the

One thousand and one hundred

Million tons of huge cotton reserves.

Among these reserves, there are

80%

Is in

2011-2013

In the year to support the purchase of domestic cotton farmers.

But I am afraid the actual situation is not necessarily consistent with the plan. In the first week of the sale of state cotton, the turnover ratio is only

88%

。