The Difference Between Inside And Outside Cotton Prices Has Greatly Reduced The International Cotton Price Turbulence Operation In The Short Run.

The overall supply of cotton is relatively ample. But considering that it is about to enter the traditional textile peak season, it is expected that domestic cotton prices will remain weak in the short term.

The supply and demand pattern of the international market is still loose, Australian cotton and Brazil cotton are listed on the market, and the supporting force of the international cotton price is weakening. It is expected that the international cotton price will be oscillating in the short run.

(1) domestic cotton prices have stabilized slightly.

In April, domestic cotton supply showed a pattern of reserve cotton, commodity cotton and imported cotton, and the supply of cotton was stable.

According to the survey of purchasing intention of China's cotton industry inventory, 72% of raw materials enterprises were prepared to purchase raw materials in early April, and 2 percentage points higher than the central enterprises.

The average monthly price of domestic 3128B grade cotton in April was 15872 yuan / ton, down 0.4%, up 32.1% from the same period last year.

(two) international cotton prices rose slightly.

In April, China's cotton throwing and storage were carried out smoothly. Australia cotton and Brazil cotton were listed one after another, and the market supply was loose. However, the increase in US cotton exports and the decline in the US dollar index supported the international cotton price and the international cotton price rose slightly.

In April, the average price of CotlookA index (equivalent to domestic 3128B grade cotton) was 87.04 cents / pound, up 0.3% from the same month, up 25.6% over the same period.

(three) inside and outside

The difference is narrowed.

The CotlookA index (equivalent to domestic 3128B grade cotton) is equivalent to RMB 13262 yuan / ton, 2611 yuan lower than the Chinese cotton price index (CCIndex) 3128B level per ton, and the price difference narrowed by 191 yuan from last month.

Imported cotton price index (FCIndex) M grade (equivalent to domestic grade 3128B cotton) average monthly price 87.93 cents / pound, 1% customs duty discount after landing price 15492 yuan / ton, 380 yuan lower than the domestic price, the price difference narrowed 424 yuan from last month; sliding tax discount after landing duty 16371 yuan / ton, higher than domestic price 499 yuan.

(four) the 1 quarter cotton imports increased year by year, textiles

Export ring ratio increased.

According to customs statistics, in March 2017, China imported 121 thousand tons of cotton, a decrease of 12.4% compared to the same period, an increase of 109% over the same period last year.

In 2017 1-3, China imported 374 thousand tons of cotton, an increase of 78.4% over the same period last year.

Among them, the United States, India, Australia, Uzbekistan and Brazil are China's major cotton importing countries, accounting for 54.3%, 19.2%, 3.1%, 15.2%, 2.2% of imports respectively.

According to customs statistics, China's textile and apparel exports in March 2017 amounted to 20 billion 20 million US dollars, an increase of 82.4% over the same period, an increase of 18.8% over the same period last year.

(five) yarn imports increased and yarn prices rose slightly.

According to customs statistics, in March, 182 thousand tons of cotton yarn imported from China decreased by 4.2% compared with the same period last year, and the ratio increased by 5.2%.

Affected by yarn and cloth production and sale rate, domestic

The market is generally weak and the price is relatively stable.

In April, the average price of 32 Cotton Combed Yarns was 23682 yuan / ton, up 0.9% compared with the same month, up 24.5% over the same period.

(six) ICAC will increase global cotton production in 2016/17.

The International Cotton Advisory Committee (ICAC) predicted in April that the global cotton output in April increased by 90 thousand tons to 22 million 780 thousand tons from the previous month, of which the United States increased 60 thousand tons, Brazil and Uzbekistan increased 20 thousand tons, Pakistan reduced 10 thousand tons, global cotton consumption increased 50 thousand tons to 24 million 100 thousand tons from last month, trade volume remained unchanged at 7 million 850 thousand tons, and global end stocks were reduced by 30 thousand tons to 17 million 850 thousand tons.

(seven) local dynamics.

The sale of seed cotton in Hebei is basically over. Due to the relative benefit of cotton planting in 2016, the cotton planting area of Hebei province has increased sharply in 2017, an increase of 19.5% compared with last year, and 95% of the planting has been completed.

The cotton planting time in Jiangxi is earlier than that of last year. Because of the inability to enjoy the National Cotton Subsidy Policy and the obvious fluctuation of climate effect, the cotton area will be further reduced.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.