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    Monthly Report On Cotton Imports In China: Late Cotton Prices Are Hard To Say

    2017/6/29 20:00:00 69

    China MarketCotton And Import Market

    In recent years, cotton prices at home and abroad have been running in a weak position, and US cotton has fallen below 70 cents to 65 cents.

    Judging from the trend of the current price difference, the futures discount is at an annual high level, supporting the Zheng cotton price in the short term.

    However, the new year's supply increase, value-added tax reform, and the delivery of the benchmark library to Xinjiang and other bad factors are in the accumulation process. It is difficult to predict the cotton price at the later stage.

    Data show that China's cotton price index and

    Zheng cotton

    The main contract price difference of 800 yuan / ton level, futures discount in the high level since the year, the warehouse price advantage appears, the warehouse receipt outflow continues to accelerate.

    Data show that as of June 26th, Zheng cotton registered warehouse receipt 3307, effective forecast of 1129.

    In May 25th Zheng cotton registered warehouse receipt 4910, effective forecast 1326.

    In 1 months, 1603 out of the warehouse receipts accounted for about 33%, and the outflow rate accelerated.

    We believe that if the current price spreads remain at the current level or further expand, the warehouse outflow will further accelerate; if the current price differential narrowed, the warehouse outflow will slow down, which will not be conducive to the trend of cotton price in the later stage.

    In May, the textile market began to enter the traditional off-season.

    Reserve cotton

    The turnover rate continued to fall, and cotton imports declined for two consecutive months, but they still grew year on year.

    In the mode of trade, the ratio of imports and exports reached 40%, which was still the most important mode of imports. The United States continued to rank first in the country of origin, accounting for more than 60%, and Australia increased to second. The quota was mainly based on 1% tariff, and the proportion was more than 80%; the import customs were mainly Qingdao and Nanjing; the largest number of importing provinces and cities were Shandong and Jiangsu.

    According to customs statistics, in May 2017, the number of cotton imports in China was 85 thousand and 400 tons, a decrease of 18.5%, an increase of 9.2% over the same period last year. The average import price was 1932 US dollars / ton, up 74 US dollars compared with April, or 3.9%, up 17.6% over the same period last year.

    In the first 9 months of 2016/17, 864 thousand and 500 tons were imported, an increase of 19.6% over the same period last year.

    In the first 5 months of 2017, it imported 565 thousand and 200 tons, an increase of 58.1% over the same period last year.

    In May, China imported 142 thousand tons of cotton yarn, a decrease of 17% compared to the same period last year, a slight increase of 0.63 in the %2017 years, 1-5 tons in China in the year of %2017, an increase of 1.19% tons compared with the same period last year, and a cumulative import in the first 9 months of 2016/17.

    Cotton yarn

    China's total imports of 1 million 488 thousand and 400 tons of cotton yarn, a decrease of 3.44% over the same period last year.

    In May, China's textile and clothing exports increased by 160 billion 950 million yuan, an increase of 5.8%, of which 71 billion 570 million yuan for textile exports, an increase of 8.4% over the previous year, and 89 billion 380 million yuan for clothing exports, an increase of 3.8% over the same period last year.

    In 1-5 months, the total export volume was 688 billion 510 million yuan, an increase of 8.5%, of which 299 billion 670 million yuan of textile exports, an increase of 8.6%, clothing exports 388 billion 840 million yuan, an increase of 8.3%.

    Pure cotton yarn vulnerable adjustment, the overall goods are relatively weak, prices fell, a factory in Shandong OEC12S offer 15000 yuan / ton cash, factory stock slightly increased.

    Sheng Zechun polyester yarn price dropped slightly, 32S lowered 50 yuan / ton quote 11550 yuan / ton, 45S quoted price 12500 yuan / ton, the volume is very few.

    Shandong Changyi pure polyester yarn continues to cross the plate, the original white quality excellent 32S quotation 12500-15400 yuan / ton short delivery, pure black 32S quoted price 12500 yuan / ton short delivery, the paction is still dull.

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


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