This Year Cotton Purchase Is Orderly, And Downstream Consumption Is Still Weak.

According to the USDA10 monthly supply and demand report, compared with September, China lowered cotton production by 152 thousand tons, lowered the United States by 20 thousand tons, and lowered Brazil's output by 109 thousand tons, resulting in the reduction of 295 thousand tons of cotton output this year. In terms of consumption, China, India and Brazil lowered cotton consumption by 109 thousand tons, 44 thousand tons and 87 thousand tons respectively, reducing the global cotton consumption by 254 thousand tons in the year of USDA10 and raising 155 thousand tons at the end of the year because of the global economic situation.

Because China and India respectively raised 142 thousand tons and 126 thousand tons end inventory.

Although the global and Chinese cotton production and demand data have declined, the global cotton consumption is higher than the high level, and there is no fundamental change in the market's loose supply expectations.

Data show that in September 2015, China exported about 26 billion 911 million US dollars in textile and clothing, a decrease of 5.75% compared with the same period last year, and a decrease of 6.65% in the ring ratio.

From 1 to September 2015, China's textile and apparel exports totaled 211 billion 394 million US dollars, down 4.75% from the same period last year.

As of September 2015, 8 months in 2015, the export of textile and clothing was negative year-on-year, and the year-on-year growth rate is still negative growth. It is clear that the downstream consumption demand of cotton is still not optimistic.

Textile enterprises stock sentiment remains low.

According to the statistics of China cotton information network, the survey shows that in September, the stock of cotton in the textile enterprises was 408 thousand tons, a decrease of 33 thousand tons from the previous month.

The main reason for the decrease in inventory is that the macro-economic situation is sluggish and the textile market is not good. Two, because of the relatively tight funds, most textile enterprises maintain low inventory according to the order with the purchase. Three, most of the textile manufacturers are looking down on the latter cotton prices; four, the new cotton in Xinjiang is short in length, high in horse value and poor in overall quality.

In the surveyed enterprises, except for some large textile enterprises to maintain relatively high inventory, most of the enterprise inventory remained low.

From the current situation of downstream consumption of cotton market in China, it is difficult to support cotton price rise.

According to statistics, as of October 8, 2015, the United States signed a net total export of 2015/2016 cotton 789 thousand tons.

Among them, China has signed a total import 2015/2016 year.

33 thousand tons, accounting for 4.14% of the US cotton export volume.

To sum up, as of now, the US shipment volume has accounted for 11% of the total export volume in the year, compared with 9% in the same period in the past year, and the export shipment data is better, which will form a certain support for us cotton prices.

October is the year before.

The acquisition of "boom period" and this year's cotton

Orderly conduct, did not appear last year rush to receive the phenomenon.

The acquisition of enterprises is mainly based on stability and cautious entry into the market, and the acquisition of new flowers is slow.

In addition, the traditional "golden nine silver ten" textile market did not appear, and the lint sales market was much cooler.

The main reason for these phenomena is that the downstream consumption of cotton is weak.

To sum up, in the late stage, the pattern of cotton external strength and internal weakness will continue under different basic circumstances.