The Import Of Ukrainian Cotton Will Continue To Drop To 120 Thousand Tons In 2016, Which Will Be Blocked By Many Parties.

According to our customs statistics, in 2014, China imported more than 239 thousand tons of Ukrainian cotton (including cotton exported to China after the purchase of international cotton traders, and the Ministry of foreign trade and economic statistics of Uzbekistan exported more than 160 thousand tons of cotton to China directly in 2014). In 2015, China imported 171 thousand tons of Ukrainian cotton and accounted for 12% of China's total cotton imports. It is estimated that the import of Ukrainian cotton will continue to decline to 120 thousand tons in 2016, accounting for about 12% of China's annual imports.

According to the plan of the Uzbekistan government, the cotton planting area of the country in 2016 was 18 million 900 thousand mu, a decrease of 450 thousand mu compared with that of the previous year, and most of them would use high-yielding varieties. Uzbekistan cotton industrial export company estimated that the output of seed cotton in Uzbekistan will reach 3 million 300 thousand tons in 2016, slightly lower than that of 3 million 360 thousand tons in 2015, and the lint yield will exceed 1 million tons, of which the domestic cotton consumption demand in Ukraine is about 400 thousand tons, which is expected to take up the whole year.

The total output of 36%-37%, 600 thousand tons of cotton need to export, China (including Taiwan), Bangladesh, Southeast Asia, Japan and South Korea are the major exporters.

The Uzbekistan cotton and Textile Conference held in Tashkent, capital of Uzbekistan, signed 550 thousand tons of cotton export contracts and 1 billion 322 million US dollars of textile export contracts. According to the output and export volume of Uzbekistan in 2016/17, the sales progress of Wu cotton has been over 92%, most of which are signed by international traders such as cotton merchants, China and Bangladesh, large spinning mills (according to the memorandum of understanding signed by Uzbekistan and Bangladesh, Uzbekistan exported 200 thousand tons of cotton to Bangladesh every year). Therefore, as Wu cotton has just purchased, processed, listed and sold, the vast majority of cotton resources are in the hands of cotton traders, and will soon enter the circulation link, which has great influence on international cotton prices, market supply and demand and operators' confidence. 12-13 October 2016, twelfth session

It is understood that since mid November

Large and medium-sized traders in Uzbekistan have significantly increased the quotations and presale of cotton, Turkmenistan cotton and Kazakhstan cotton in China. However, a prominent problem is the high price contracted by foreign merchants and the tight export resources available in Ukraine, resulting in a high bid price. Therefore, domestic textile mills and middlemen are still on the waiting list and running in state.

Chinese buyers do not have the quality mentality of 2016/17 in the year.

The buyer has fallen below 70 cents / pound, 68 cents / pound and the expectation is relatively strong for the recent ICE main contract.

In the first ten days of December, some international cotton traders in 2016 12/2017 January shipping date, Wu cotton ARVA/S (EQSM) 1-1/8 ", Turkmenistan cotton ALIYA (EQSM) 1-1/8" and Tajikistan ALIYA (EQSM) 1-1/8 "quoted price respectively 88 cents / pound, 87.50 cents / pound, 87 cents / pound, higher than that of the lunar month sailing period, the price of the cotton and the cotton price is 87.50 cents / pound, which is higher than the monthly shipment date, the cotton cotton price" 10 cents / pound.

From the feedback of domestic textile enterprises, 2016/17 year's Wu cotton

India cotton and so on are in the same running line; the second is the impurities in the Ukrainian cotton, the "three silk", the horse value and so on, which are more prominent than the machine cotton picking, the "Australian cotton price, the quality of West African cotton"; thirdly, the government of Uzbekistan strictly controls all aspects of cotton production, and the export of cotton is mainly carried out by several state-owned companies and the quota is exported. Buyers must "pay in full and then ship on board". Therefore, foreign businessmen and some traders have a lot of capital and financial expenses. The basis of the sales is relatively high, and the quotations over Australia cotton are also helpless. The fourth is not only the increase in cotton production in the 2016/17 year, but also the increase in cotton production in the United States (about 30%). Australia is also worth looking forward to, and the impact on the export of Ukrainian cotton will not be small. The following problems will be encountered: first, China's "special import quota" for Ukrainian cotton and West Africa has been abolished and incorporated into the 894 thousand ton 1% tariff quota.

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