The Pattern Of Cotton Prices Weakening In The New Year Remains Unchanged.

In January 2017, the price of the Spring Festival holiday was basically stable, and the profit effect of textile market was improved after February. Subsequently, cotton prices continued to decline as a result of the 16 years in advance. In April, after the low level adjustment of cotton market, the market began to worry about the supply of high quality cotton. The price rose, and entered the June. The growth of cotton planting area increased significantly. The cotton market in the new year saw a high atmosphere and the output of cotton reserves dropped sharply. According to the report released by the US Department of agriculture in June 30th, the sown area of US cotton in 2017 was 12 million 50 thousand acres, an increase of 20% over the same period last year.

According to statistics of India Cotton Association, as cotton yield is better than other crops, cotton growers have been expanded. As of June 23rd, cotton planting area in India reached 37 million 50 thousand mu, an increase of 30% over the same period last year. According to the national cotton market monitoring system released by the national cotton market monitoring system in China, the actual sowing area of cotton in 2017 was 47 million 573 thousand mu, an increase of 3 million 728 thousand mu compared with the same period, an increase of 8.5%. Cotton production in the new year is expected to be stronger. In June, ICE cotton fell for 10 consecutive days. Zheng cotton was close to a 15000 yuan / ton mark.

International cotton prices continue to fall. Reserve cotton According to the round out data, the reserve price of cotton reserve released in June 26th has dropped by 748 yuan / ton compared with the base price announced in May 27th, although it has great attraction for textile enterprises, but the auction of cotton reserves is not positive in the overall market outlook. At the same time, the resources of Xinchu cotton, which was favored by the domestic market, dropped to 10 thousand tons near the end of 6. The turnover rate of reserve cotton dropped to about 50%. As of June 30th, the total planned storage capacity of the cotton reserves was 2 million 469 thousand and 400 tons, and the total output from the warehouse was 1 million 694 thousand and 600 tons, with a turnover rate of 68.62%. The average price was 14958 yuan / ton, the price of 3128 yuan was 15775 yuan / ton, the highest price was 16780 yuan / ton, and the lowest price was 12810 yuan / ton.

The import side is limited by the supply of high-quality cotton in the first half of the year. cotton Imports rose significantly over the same period. In May, the turnover rate of cotton reserves continued to fall, and cotton imports declined for two consecutive months, but they still grew year on year. 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.

From the perspective of the textile industry, the export situation of textile and clothing has improved and domestic demand has increased significantly. In 2017 1-5, the total export volume of textiles and clothing totaled US $99 billion 880 million, an increase of 2.12% over the same period last year. Among them, the total export volume of textiles was 43 billion 485 million US dollars, an increase of 2.35% over the same period last year, and the total export volume of garments was 56 billion 395 million US dollars, up 1.94% over the same period last year. The increase in domestic demand was obvious. In 2017 1-5, retail sales of units above designated size were 58977 yuan, up 8.5% over the same period last year, of which retail sales of clothing, shoes and hats and needles were 594 billion 500 million yuan, up 7.2% over the same period last year.

In the first half of the downstream cotton yarn market, the gap between domestic and foreign cotton prices was narrowed. Textile export The impact of the improvement has been running well, but the gap between domestic and foreign cotton prices began to widen in June, and it is expected that the supporting role of cotton prices in the second half of the year will be weak. In the domestic market, the current situation of cotton production less than consumption has not changed. Cotton quota is still limited. Whether cotton can be used to meet domestic cotton consumption remains to be observed. At the same time, domestic cotton is still in the out of stock stage of supply side reform, and cotton is unlikely to go down substantially. At the same time, the export situation of textile and clothing has improved and domestic demand has increased significantly, which has a support for the cotton market in the second half of the year. On the whole, the cotton planting area has been greatly improved, and the cotton market is hard to get rid of the negative shadow in the second half of the year. It is expected that the cotton will run steadily in the second half of the year, and the price will be running between 15500-16000 yuan / ton.

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