Today'S Analysis: Observation Of Cotton Textile Market At Home And Abroad

From August 21 to 27, the overall performance of domestic and foreign markets was relatively stable, the progress of Sino US trade negotiations was pushed forward again, and the rotation of reserve cotton was carried out in an orderly manner.

overseas market

According to customs statistics, China's cotton import volume in July 2020 was 150000 tons, an increase of 67% compared with the previous month and a decrease of 6% compared with the same period last year. In 2020, China will import 1.04 million tons of cotton, a year-on-year decrease of 22%. In July 2020, China's cotton yarn import volume was 170000 tons, increased by 15% compared with the same period last year, and increased by 13% month on month. In 2020, 1.03 million tons of cotton yarn will be imported, with a year-on-year decrease of 12.7%.

On the morning of August 25, Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council, and Chinese leader of the China US comprehensive economic dialogue, spoke with us trade representative lethizer and finance minister manuchin. The two sides had a constructive dialogue on strengthening the coordination of macroeconomic policies between the two countries and the implementation of the first phase of Sino US economic and trade agreements. The two sides agreed to create conditions and atmosphere to continue to promote the implementation of the first phase of Sino US economic and trade agreement.

In the past week, the overall price of overseas market was relatively stable. In the same period of last week, the price of ICI cotton futures was up from 26 cents in February 2012. Among the imported yarns, the spot price of India's 32 yarns was 18250 yuan / ton on July 27, unchanged; the spot price of Vietnam's 32 yarn was 18350 yuan / ton, up 50 yuan / ton.

domestic market

On August 10, the national development and Reform Commission and the Ministry of Commerce issued a joint announcement to redistribute the import tariff quota of cotton and other agricultural products in 2020.

The reserve price of reserve cotton in the ninth week was 12088 yuan / ton (3128b), 78 yuan / ton higher than that of the previous week, and the transaction rate from August 21 to 27 was 100%

Domestic cotton textile market is still showing a situation in which the price of yarn is weaker than that of raw materials, but enterprises still have expectations for the arrival of sales peak season. In recent week, domestic cotton, cotton yarn futures spot price changes are different. From the perspective of futures market, on August 27, the settlement price of Zhengzhou cotton main contract (cf2101) was 12990 yuan / ton, which was 165 yuan / ton higher than that of last Thursday; the settlement price of cotton yarn main contract (cy2101) was 19650 yuan / ton, which was 115 yuan / ton lower than that of the same period last week. In the same period of last week, the cotton price rose from the domestic spot index of 288 yuan / T to 288 yuan / T.