2019 Cotton Spinning Event Inventory

　　 Domestic cotton output decreased by 3.5%

According to the national cotton production data released by the National Bureau of statistics, the total output of cotton in China was 5 million 889 thousand tons in 2019, a decrease of 213 thousand tons compared with 2018, a decrease of 3.5%.

Among them, the output of cotton in Xinjiang was 5 million 2 thousand tons, a decrease of 108 thousand tons over the previous year and a decrease of 2.1%.

　　 The maximum price difference of lint is 3114 yuan / ton.

According to the statistics of business data, the maximum price difference of the domestic spot market in 2019 was 3114 yuan / ton, or 19.83%. The average price of cotton spot market in October 8th was 12588 yuan / ton, the lowest since May 27, 2016.

　　 Cotton imports (1-10 months) rose 30.16% over the same period last year.

In 1-10 months of 2019, China imported 1 million 590 thousand and 500 tons of cotton, an increase of 30.16% over the same period last year.

　　 Cotton yarn (1-10 months) exports fell 7.10% year-on-year

In 1-10 months of 2019, China imported 1 million 622 thousand and 300 tons of cotton yarn, down 7.10% from the same period last year, and exported 318 thousand and 400 tons, down 7.35% from the same period last year.

　　 Imports and exports of cotton fell double (1-10 months)

In 1-10 months of 2019, China imported 235 million tons of cotton cloth, down 22.09% from the same period last year, and exported 6 billion 609 million meters, down 7.29% from the same period last year.

　　 The average price of reserve cotton rotation in 2019 was 12633 yuan / ton (5.5-9.30).

In 2019, the average price of the central cotton reserve was 12633 yuan / ton, and the standard level (3128B) price was 13902 yuan / ton.

The highest price was 15930 yuan / ton, and the lowest price was 10750 yuan / ton.

During the period of reserve cotton rotation, a total of 1 million 162 thousand tons of cotton reserves were sold.

Among them, Xinjiang cotton is listed on 570 thousand tons, and real estate cotton is listed on 592 thousand tons.

Xinjiang cotton traded at an average price of 12794 yuan / ton, with an average increase of 707 yuan / ton.

The average price of real estate cotton is 12444 yuan / ton, with an average increase of 425 yuan / ton.

　　 Pakistan cotton, cotton yarn, grey cloth and other exports to China to achieve zero tariff.

In April 28th, China and Pakistan signed the protocol on the revision of the free trade agreement between the government of the People's Republic of China and the Islamic Republic of Pakistan government, which came into effect in December 1, 2019. Pakistan's cotton, cotton yarn, grey cloth and so on have finally achieved zero tariff on China's exports.

　　 After six years, the Material Reserve Bureau opened up and sold the new territories cotton.

In November 14th, the State Grain and material reserve bureau issued a notice that some of the new territories cotton were transferred into the world. The total volume of the new round is 500 thousand tons, and the daily sale is about 7000 tons. The time is from December 2nd to March 31, 2020.

　　 On cotton import tariff quotas

In April 12, 2018, the NDRC issued a notice on the application of import tariff quotas for the preferential tariff rates of cotton tariff quotas in 2019. The cotton import quota is 800 thousand tons, all of which are non state trading quotas. The application time is April 15, 2019 -29.

In 2020, the total import tariff quota of cotton was 894 thousand tons, of which 33% was the state trade quota.

　　 Global cotton ending inventory increased year on year

According to the global demand forecast released by the US Department of agriculture in December, the final inventory in the world increased by 600 thousand to 80 million 300 thousand bales in 2019/20.