Almost No Seed Cotton Circulation Is Expected In The Market In The New Year.

Before the listing of new cotton, reserve cotton is the main source of domestic cotton supply, turnover rate is expected to further improve, but the quality stability of cotton reserves is facing challenges, and it is expected that domestic cotton prices will narrow in the late stage.

The main cotton producing countries in the world are expected to increase cotton production in the new year, and the overall supply of cotton is loose, and the international cotton price is under downward pressure.

(1) domestic cotton prices have stabilized slightly.

Cotton supply continued to be dominated by reserve cotton, cotton and imported cotton, and the supply of cotton remained stable this month.

As the price of Xingjiang cotton is higher than that of the real estate cotton, the proportion of Xinjiang cotton has increased, and the turnover price of the reserve cotton has been stable.

Xinjiang's high-grade cotton resources are tight in the commodity cotton inventory, and cotton producers are very willing and willing to sell.

In June, the average monthly price of domestic cotton grade 3128B was 16017 yuan per ton, a slight decrease of 0.1% over the same period, up 26.2% from the same period last year.

(two) the international cotton price has dropped sharply.

In May, the international cotton prices were under pressure due to the general increase in cotton production in the world's major cotton producing countries in the new year.

In June, the average monthly price of CotlookA index (equivalent to domestic 3128B grade cotton) was 84.86 cents per pound, down 4.3%, up 14.5% from the same period last year.

(three) the difference in cotton prices between inside and outside has greatly expanded.

The CotlookA index (equivalent to domestic 3128B grade cotton) is equivalent to RMB 12841 yuan per ton, 3176 yuan lower than the Chinese cotton price index (CCIndex) 3128B level per ton, and the spread widen 562 yuan from last month.

The import cotton price index (FCIndex) M grade (equivalent to domestic grade 3128B cotton) average monthly price 85.23 cents per pound, 1% customs duty down to after tax price of 14918 yuan per ton, 1098 yuan lower than the domestic price, the price difference increased by 411 yuan from last month.

(four) cotton imports decreased, and textile and clothing exports increased.

According to customs statistics, in May, China imported 85 thousand tons of cotton, a decrease of 18.5% compared to the same period, an increase of 9.2% over the same period last year.

In 1-5 months, China imported 564 thousand tons of cotton, an increase of 57.8% over the same period last year.

Among them, the United States, India, Uzbekistan, Australia and Brazil are the main importers of cotton in China, accounting for 58.6%, 15.1%, 11%, 4.2%, 2.4% of imports respectively.

According to customs statistics, in May, China exported $23 billion 410 million of textile and clothing, an increase of 8.3% over the same period, down 0.5% from the same period last year.

In 1-5 months, China exported 99 billion 910 million US dollars of textile and clothing, a 1.1% decrease compared with the same period last year.

(five) the yarn import volume rose slightly.

Prices fell slightly.

According to customs statistics, in June, 142 thousand tons of cotton yarn imported from China decreased by 17% compared with the same period last year, and the ratio increased by 0.6%.

Affected by the continuous decline of yarn and cloth production and sales rate, the domestic cotton yarn market is generally weak and the price is relatively stable.

In June, the average price of 32 Cotton Combed Yarns was 23333 yuan per ton, down 0.5%, up 18.5% from the same period last year.

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

international

In June, the Advisory Committee (ICAC) predicted that the world's cotton production increased by 130 thousand tons to 22 million 890 thousand tons in June compared with last month, of which Brazil increased by 20 thousand tons, China increased 130 thousand tons, and the United States reduced 10 thousand tons. The global cotton consumption increased 150 thousand tons to 24 million 260 thousand tons from the previous month, Vietnam's 260 thousand tons increased, China's 140 thousand tons increased, Bangladesh's reduction of 230 thousand tons, trade volume increased from 110 thousand tons to 230 thousand tons, and the end of the world inventory was reduced to a ton of tons, and the global inventory consumption ratio in addition to China was 0.

(seven) local dynamics.

The sown area of cotton in Xinjiang in 2017 was 31 million 629 thousand mu, an increase of 8.9% over the same period last year.

Affected by low temperature and rainy weather, Northern Xinjiang

When the cotton was started late and the growth period was delayed, the number of buds and fruit branches were lower than those of the calendar year.

Most of the Xinjiang cotton has been moved to the mainland, and the price of cotton is still strong. In June, the average price of 3128B grade cotton was 16100 yuan per ton.

The growth of cotton in Hebei is obviously better than that of the whole year, but the bud and flowering period are ahead of schedule.

The sale of seed cotton has come to an end. All acquisition companies have stopped buying and entered the maintenance phase of the equipment. There is no backlog of seed cotton and few cotton lint. The actual price of lint is about 15600 yuan per ton, and the average price of 3128B grade cotton is 16100 yuan per ton.

The growth of cotton in Jiangxi has entered the bud stage, growing better than last year.

Cotton farmers have already sold cotton seeds, and the ginning plants have been shut down. There is hardly any seed cotton circulation in the market.

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