The Completion Of The Auction Of Cotton Reserves

Although the new cotton market is available in the northern hemisphere, the sales situation of the US cotton is better, and the international cotton price is stable and strong.

In October 20, 2016, ICE cotton futures contract settlement price of 69.8 cents / pound, down 1 cents / pound, or 1.4%.

The international cotton index (M) is 80.06 cents / pound, rising by 3 cents / pound, or 3.9%. According to the 1% tariff, the import cost of the folded renminbi is 13844 yuan / ton (the exchange rate is 6.6738 according to the customs rate, the same below), which is lower than the national cotton price B index (representing the mainland white cotton 3 grade price) 1443 yuan / ton.

In October, the storage of cotton came to an end.

Spot prices rebounded sharply on the scale.

The price difference between inside and outside cotton increased and cotton yarn spreads narrowed.

In October 20th, India's domestic cotton price (S-6) was 77.99 cents / pound, down 11.51 cents / pound, or 12.9%. According to the 1% tariff, the import cost of RMB 13496 yuan / ton was lower than that of the national cotton price index B 1791 yuan / ton; Pakistan domestic cotton price (Karachi Cotton Association standard level) 70.92 cents / pound, a decrease of 0.91 cents / pound, or 1.3%, according to the 1% tariff, the import cost of folded RMB was 12309 yuan / ton, which was lower than the national cotton price B index low yuan yuan / ton.

According to the latest statistics of the General Administration of Customs of China, in September 2016, China

Clothing exports amounted to $22 billion 764 million, down 18.50%, down 15.41% from the same period last year.

Among them, exports of textiles (including textile yarns, fabrics and articles) amounted to US $7 billion 720 million, down 20.46% compared to the same period last year. Exports of garments (including garments and accessories) were US $15 billion 40 million, down 12.56% from the same period last year.

In 2016 1-9, the total export volume of textiles and clothing in China was 201 billion 101 million US dollars, down 4.87% from the same period last year. The total export volume of textiles was 79 billion 534 million US dollars, down 2.87% from the same period last year. The total export volume of garments was 121 billion 567 million US dollars, down 6.13% from the same period last year.

The International Monetary Fund (IMF) released the latest world economic outlook report. It is estimated that the global economic growth rate in 2016 will be 3.1%, which has dropped to its lowest level since 2010, and is expected to return to 3.4% in 2017.

In 2016, the US growth rate dropped from 2.2% to 1.6%, and the economic growth in 2017 rose to 2.2%. In 2016, China's growth rate increased from 6.3% to 6.6%, and then dropped to 6.2% in 2017.

Japan's growth in the world's third largest economy is expected to remain unchanged, 0.5% this year and 0.6% next year.

IMF said, even though

Recovery, some 25% of the banks in developed countries will remain too weak to support further growth and are vulnerable to future shocks.

In September, there were 156 thousand new jobs in the US non-agricultural sector, less than market expectations, and the unemployment rate rose slightly to 5%, up from 4.9%.

The US Federal Reserve released a record of last month's meeting on interest rates. Most members believe that if the economy continues to improve, it should raise interest rates in a short time.

According to the National Bureau of statistics, China's gross domestic product (GDP) in the third quarter was 6.7%, representing 6.7% growth in the first quarter, 6.7% in the two quarter, 6.7% in the three quarter, and overall stable in the first three quarters.

In September, the PMI of the manufacturing industry, issued by the National Bureau of statistics, was 50.4, and remained flat in August.

In September, China's foreign trade import and export data declined year by year. In September, the total value of imports and exports was 2 trillion and 170 billion yuan, down 2.4% compared with the same period last year, of which exports declined by 5.6%, a sharp decrease of 11.5 percentage points over August.

In September, CPI ended the downward trend of the previous quarter, and PPI has been the first since March 2012.

The national consumer price index (CPI) rose 0.7%, an increase of 1.9% compared with the same period last year, and the producer price index (PPI) of industrial producer rose by 0.5%, up 0.1% compared to the same period last year.