Cotton Imports Remain Low Commodity Cotton Resources Are Inadequate

　　 textile Clothing retail downturn, export growth slightly, yarn sales overall stable.

1. cotton prices are strong inside and outside. In June, spot trading increased in the international market and the US cotton contract signed ahead of schedule to provide support for cotton prices. In June 21, 2016, the settlement price of ICE cotton futures contract was 65.99 cents / pound, up 4.3 cents / pound, or 7%, down 3.3% from the same period last year. The international cotton index (M) is 73.56 cents / pound, up 3.4 cents / pound, or 4.9%, up 0.9%, up 1% tariff According to the calculation, the cost of import of RMB is 12547 yuan / ton (the exchange rate is calculated by 6.5708), which is lower than the domestic market price of 54 yuan / ton, and the price difference narrowed by 395 yuan / ton from last month. According to the sliding tax, the cost of import is 14146 yuan / ton, which is higher than the domestic market price 1545 yuan / ton, expanding 164 yuan / ton from last month.

In June, domestic cotton outbound auction was fierce, and spot prices kept rising. In June 21st, the main contract settlement price of Zheng cotton futures was 13435 yuan / ton, up 5.2%, up 5.8 yoy%; the national cotton price B index (representing the 3 level of white cotton in the mainland) was 12601 yuan / ton, rising 1.5%, up 3.8% from the same period, and the national cotton cotton national cotton auction price 12192 yuan / ton, up 205 yuan / ton from last month.

Cotton imports 79 thousand tons in 2.5 months. According to the General Administration of customs, China imported 79 thousand tons of cotton in May 2016, an increase of 9 thousand tons, an increase of 12.9%, a decrease of 84 thousand tons and a decrease of 51.7% compared with the same period last year. In 2016, the total import of cotton 358 thousand tons in 2016, a decrease of 414 thousand tons, a decrease of 53.6%. September 2015 -2016 May, China's total imports cotton 723 thousand tons, a decrease of 610 thousand tons compared with the same period, a decrease of 45.8%.

3. exports of textiles and clothing increased slightly. According to the latest statistics of the General Administration of Customs of China, in May 2016, the export volume of textiles and clothing was 23 billion 516 million US dollars, an increase of 12.74%, an increase of 0.53% over the same period last year. Among them, exports of textiles (including textiles, yarns, fabrics and articles) amounted to US $10 billion 205 million, an increase of 1.59% over the same period last year. Exports of garments (including garments and accessories) were US $13 billion 311 million, down 0.27% from the same period last year. In 2016 1-5, the total export volume of textiles and clothing in China was 101 billion 16 million US dollars, down 1.97% from the same period last year. The total export volume of textiles was 43 billion 325 million US dollars, down 0.03% from the same period last year. The total export volume of garments was 57 billion 692 million US dollars, down 3.19% from the same period last year.