Inside And Outside Cotton Price Difference Further Widening Sequelae Are Gradually Emerging.

In recent years, foreign cotton prices continued to decline, and domestic spot quotes were more stable, leading to a further widening of domestic and foreign cotton prices. Statistics were refused. The spread of domestic cotton and cotton yarns increased slightly after the widening spreads, and the profit margins of textile enterprises were also squeezed.

According to the national cotton market monitoring system data, in June 27th, the 3128 spot spot price in Ji Lu Yu area was 15962 yuan / ton, the 3128 level in the middle and lower reaches of the Yangtze River was 15820 yuan / ton, the 3128 local price in Xinjiang was 15940 yuan / ton, and the 3128 grade price of Xinjiang regiment was slightly higher than 16044 yuan / ton.

On the same day, the price of US cotton M 1-3/32 is 13800 yuan / ton, and the US cotton SM 1-1/8 level is 14059 yuan / ton.

From the data, the difference between domestic and foreign cotton prices has widened to about 2000 yuan / ton, and the sequelae of its production are gradually emerging.

In June 27th, the price of cotton spot market in the main areas of China increased first, and the number of imported cotton increased. According to customs statistics, in May 2017, the number of cotton imports in China was 85 thousand and 400 tons, an increase of 9.2% over the same period last year, and the average import price was 1932 US dollars / ton, up 17.6% 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.

Since 2017, the difference between domestic and foreign cotton prices has been narrowing and gradually catching up.

The average spot price of cotton in the mainland in May was around 16000 yuan / ton.

The price is 15000 yuan / ton, the difference between them is 1000 yuan / ton, but by June, the difference between the two widened to 2000 yuan / ton.

Although the data in June are not yet available, we can refer to the statistics in May.

The import volume is likely to continue to increase.

In June 27th, the import price of China's main cotton imports was also increased.

According to customs statistics, China imported 142 thousand tons of cotton yarn in May, a slight increase of 0.63% in the annulus ratio.

In 1-5 months of 2017, China imported 813 thousand and 100 tons of cotton yarn, an increase of 1.19% over the same period. As the foreign cotton price difference further widened, the advantages of cotton yarn abroad gradually emerged.

However, as the downstream cotton yarn price pmission process is relatively slow, the price of imported yarn did not drop as cotton prices fell sharply.

On the contrary, the price of domestic yarn has been declining since the emergence of the reserve cotton wheel. As of now, the price of C32s per ton has dropped by 400 yuan / ton, and the textile enterprises have reduced the cost by using reserve cotton, so the number of imported yarns has not increased substantially.

If the current cotton market continues, when the price of the outer yarn is close to that of the domestic yarn, the growth rate of imports will be further increased.

Since mid May

Opening up the downward trend, the price of cotton futures all the way down, and the spot price is affected by the domestic high-grade cotton supply gap. The fluctuation of the cotton main base gradually expanded to 800 yuan / ton.

In the middle of June, Zheng cotton began to shake, and at that time, ICE cotton was continuously affected by the increase of the international cotton planting area and the expected increase in output. In June, there was a 10 drop in 9-22 days. The ICE cotton 12 contract fell from 73.1 cents to 22 66.72, or 8.73%, in June.

According to statistics, the average spot price of cotton in the mainland in May was around 16000 yuan / ton, and the price of cotton in the United States was 15000 yuan / ton, and the difference between them was 1000 yuan / ton.

In June 27th, the price of the 3128 grade lint in the mainland was priced at 15944.76 yuan per ton. On the same day, the US cotton M 1-3/32 "grade price was 13800 yuan / ton, the US cotton SM 1-1/8" class price was 14059 yuan / ton, and the difference between inside and outside cotton price had already increased to 2000 yuan / ton.

The gap between domestic and foreign cotton prices is widening, and the downstream textile enterprises' export pressure is obvious.

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