Expanding Seed Prices Worldwide Has A Greater Impact On Cotton Prices.

Data show that China's cotton price index and Zheng cotton main contract price difference of 800 yuan / ton level, futures discount in the high level since the year, warehouse receipt price advantage appears, warehouse receipt outflow continues to accelerate.

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.

The global cotton planting area increased in 2017/18 and slowed down the pace of global cotton inventory. If there were no major natural disasters, cotton prices would be under pressure.

China Cotton Association survey data in April showed that in 2017, the total cotton planting area was 44 million 132 thousand mu, an increase of 6.86% over the same period last year, up 3.07 percentage points from the previous intention area.

Among them, the cotton planting area in Xinjiang increased by 5.65%, 2.36 percentage points higher than the previous intention; the the Yellow River basin and the Yangtze River Basin increased by 11.99% and 6.55% compared with the previous period, 4.55 and 0.73 percentage points higher than the previous forecast.

The national cotton market monitoring system survey showed that in 2017, the total sown area of cotton in China was 47 million 573 thousand mu, an increase of 3 million 728 thousand mu compared with the same period, an increase of 8.5%.

Among them, Xinjiang cotton sowing area of 31 million 629 thousand mu, an increase of 8.9%.

The overall demand has not improved. The demand for low cost carding yarn is slightly higher than that of the previous stage.

Pure polyester yarn trading atmosphere is generally stable, T45S trading volume is acceptable, T50S goods are not smooth.

Polyester cotton yarn volume generally, prices remain stable.

Polyester and viscose yarn 32S/2 pactions increased slightly, the price is basically stable.

At present, the stock of cotton mill has been increasing step by step, mostly in about 20-25 days, the construction has maintained high level, and the follow-up of new orders in the late stage is not good enough.

From the field investigation,

The cotton planting area in Northern Xinjiang is expected to increase by more than 10%. The cotton planting area in southern Xinjiang is generally increasing, and there is "enclave" phenomenon.

Except for part of the affected plots, the overall seedling emergence was better than that of the same period last year.

The future market is concerned about the weather conditions in the key period of cotton production in 7-8 months.

Except our country

The expansion of cotton production and stock increase in the United States and other cotton producing countries also create pressure on global cotton prices.

2017/18 cotton planting area increased by 20% in the year.

At present, the sowing of American cotton is basically over, and the growth rate is relatively high.

As of 19 June, the excellent and good rate of US cotton was 94%, up 92% from the same period in the same period last year.

The Ministry of Finance and the State Administration of Taxation jointly issued "about degeneracy".

The notice of relevant policies will start from July 1st this year and devalue the tax rate structure and abolish the 13% value-added tax rate.

For taxpayers selling or importing agricultural products (including grain), tap water, heating, liquefied petroleum gas and other goods, the duty rate is 11%.

The value added tax rate will reduce the cost of cotton imports, and stimulate cotton imports in a phased way.

The benchmark warehouse of Zheng cotton delivery is moved to Xinjiang. From the point of view of rules, the cotton price of the benchmark base will save the pportation cost of Xinjiang cotton to the mainland. On the whole, the disk price in 2017/18 will be less than 2016/17 in the year.

Comprehensive analysis, at present, Zheng cotton has a deep discount, and it supports the price of Zhengyang cotton in the short term. However, the negative impact of global cotton expansion is gradually accumulating.

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