New Cotton Is Not Large-Scale Spot Spot Prices Rebounded Sharply

According to the latest statistics of the General Administration of Customs of China, in September 2016, the export volume of textiles and clothing was 22 billion 764 million US dollars, 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.

Although the new cotton market is available in the northern hemisphere,

The sales situation 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) was 80.06 cents per pound, and the ring rose by 3 cents per pound, up 3.9%, calculated by 1% tariff, and the import cost of RMB was 13844 yuan / ton (the exchange rate was calculated under the customs rate 6.6738, the same below), lower than the national cotton price B index (representing the 3 grade price of white cotton in the mainland) 1443 yuan / ton.

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%, by 1% tariff. The cost of import was 13496 yuan / ton, which was 1791 yuan / ton lower than the B index of national cotton price.

Domestic cotton price (Karachi Cotton Association standard level) 70.92 cents / pound, down 0.91 cents / pound, or 1.3%, according to 1% tariff calculation, the cost of import RMB 12309 yuan / ton, lower than the national cotton price B index 2978 yuan / ton.

The International Monetary Fund (IMF) released the latest world economic outlook report, which is expected to be global in 2016.

For 3.1%, it slipped 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 that even if the global economy recovers, about 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 issued by the National Bureau of statistics was 50.4, unchanged from 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.