The Cotton Market Seems To Usher In A New Turn.

The price of ICE futures, which was almost stable before 2000, immediately jumped over the new year's day and opened a prelude to a new round of rising prices. When the haze of the new year keeps the new year's sky clear, the haze of cotton market, which has been plagued by China's high storage for many years, is gradually dissipating. Judging from the current situation, China's cotton production and consumption will not increase greatly, so cotton imports are likely to increase on the current basis. If China's imports are really expanding, other countries will have to increase production to meet China's demand. Besides the per unit area, planting area may also increase, so cotton prices need to rise.

Last week, the annual American cotton production conference was held in the United States, which revealed a lot of positive and optimistic feelings. In the American words, although China's inventory is still high, last year, the reserve cotton inventory was rapidly digested if Xinjiang As soon as the textile industry is ready to go on schedule, it may not take too long. The cotton production in the United States will rise again, and the market will revitalized again. There is great hope for us cotton exports in the future, and it is worth looking forward to.

According to the latest survey by the American cotton grower magazine, the US cotton planting area in 2017 was 10 million 880 thousand acres, an increase of 8% over the same period last year. Jody Campiche, vice president of NCC, said at the meeting that the main reason for the expansion of US cotton is the superiority of cotton to soybean and corn. At present, except for Georgia, which is mainly cultivated by peanuts, competitive crops have few advantages in other cotton producing areas. In addition, the 2016 cotton harvest, the ideal price of cotton and the good income of cotton seed are also important factors.

Us Cotton Corp CEO Berry Bo said chemical fiber The price of other man-made fibers is still far below the price. cotton The 25-34 year old young people in the United States are the main consumers. They have shifted their focus from clothing to electronic products, and even if they buy clothes, they are more inclined to light and chemical sports casual wear. However, there are signs that consumer purchasing is returning to cotton products, which is very beneficial to cotton production in the long run.

It is also understood that in order to ensure the current harvest and volume, Punjab province has issued regulations limiting cotton farmers to grow new flowers before April 15th. The government further explained that the "ban" was designed to allow the cotton growers to sow seeds on time and get better returns. Early planting of new flowers may increase their chances of encountering pests.

In the coming months, cotton prices will remain strong enough to maintain the competitive advantage of competing crops. There may be many changes in the cotton market in the next few years, and this year's change in US cotton planting intention will make the market prospect clearer. He said that by 2020, China's stock of reserve cotton could be reduced to about 4000000 tons, when global supply and demand would enter a new equilibrium point. The key to the problem is when China's reserve cotton will reach a relatively balanced state, whether China's cotton production will increase, consumption will increase, import volume will increase or is a combination of these problems.

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