What New Changes Have Been Made In The Cotton Textile Market In 2016?

It is understood that since mid January, Hebei, Shandong,

And other textile enterprises have received the notice of receiving quotas.

Take Shandong Province as an example, 22 enterprises of Binzhou Wei Qiao textile and Matt towel have been obtained.

The import tariff quota is 91 thousand tons, and the total quota is ranked first in Shandong province. 6 cotton spinning enterprises such as Dongying Sanyang textile and Hongyuan Textile Co., Ltd. have obtained a quota of 14 thousand and 900 tons, and Dezhou cotton textile enterprises have obtained 9 thousand and 600 tons of quotas.

First batch of cotton in 2016

Tariff quotas have been issued. What new changes have taken place in the cotton textile market?

Cotton price

According to the national cotton market monitoring system data, since January 2016, the CNCotton A and CNCotton B index has entered a downward path, which is related to the rumors of the cotton spinning wheel. On the other hand, it is affected by the Spring Festival. Cotton enterprises and traders have the need to withdraw funds, and they are interested in reducing the price of goods.

At the same time, we can see that the CNCotton SM and CNCotton M indexes are in the range of 70-72 cents / pound and 68-70 cents / pound respectively, which are in the range of neither going up nor down, and reducing production is the main support for the price of foreign cotton.

According to the monthly data of ICAC 2, cotton production in the year of 2015/16 is estimated to be 22 million 500 thousand tons, a decrease of 14% over the same period last year. The reason for the reduction is the decrease in cotton planting area and the decrease in yield per unit area caused by weather and insect pests.

Cotton import volume

In 2015, China imported 1 million 474 thousand tons of cotton, compared with 2 million 440 thousand tons in 2014, a decrease of 966 thousand tons.

Due to the narrowing of the difference between domestic and foreign cotton prices, cotton reserves need to be digested, and the import volume of cotton in 2016 is hard to return to the peak period.

In addition, the peak period of imports in January, February, July and December is due to quotas and new cotton.

The situation is related.

Affected by the structural shortage of cotton in China this year, the textile enterprises will use planned quotas to purchase high-grade cotton and cotton in the future after the Spring Festival.