Home >

International Cotton Prices Rose Sharply &Nbsp, And Exports Rose Steadily.

2010/9/21 22:37:00 82

In August, the growth of new cotton was generally normal.

Cotton market

Smooth operation.

Cotton prices rose sharply in the international market.

Imports of cotton increased and textile production increased significantly.

First, the domestic cotton market runs smoothly.

In August, a continuous rainfall event occurred in the the Yellow River River Basin. Some areas were affected. The weather in the Yangtze River Valley and the northwest inland cotton area was good, and the cotton growth was generally normal.

New cotton began to spread out in major cotton areas, and new cotton appeared in Hunan, Xinjiang and other places. The purchase price of grade 3 seed cotton was more than 4 yuan / Jin, up 1.2 yuan / Jin compared with the same period last year.

It is estimated that the new cotton will be listed in large quantities until the end of September and early October.

To ensure the supply and stability of new cotton before listing

market

In August 10th, a number of national cotton reserves were put into the market, with a provisional quantity of 600 thousand tons, and the cotton trade was strictly limited to the purchase and use of textile enterprises.

By the end of August, the total amount of reserve cotton had been sold 229 thousand tons, with an average paction price of 17828 yuan / ton, and the average price of standard grade cotton was 18144 yuan / ton, which was basically the same as that of cotton market in the same period.

The increase of cotton reserves increased the market supply in the latter part of the year, and the higher spot price of domestic cotton fell earlier.

In August, the average price of the standard grade lint in the mainland was 18131 yuan / ton, down 169 yuan / ton from the previous month, or 0.9%; the Zhengzhou cotton futures contract settlement price in September was 18494 yuan / ton, up 200 yuan / ton from the previous month, or 1.1%; the average price of the electronic matching business of the national cotton trading market in September was 18088 yuan / ton, up 365 yuan per ton, or 2.1%.

Two.

international market

Cotton prices rose sharply

In August, cotton prices rose sharply in the international market, due to the reduction of spot quantities and the reduction of cotton production caused by floods in Pakistan.

In that month, the average price of New York cotton futures contract in October was 86.8 cents / pound, up 7.75 cents / pound from the previous month, or 9.8%.

The average price of the imported cotton is 16362 yuan / ton based on 1% tariff, up 801 yuan / ton, or 5.1%, and 16774 yuan / ton according to the sliding tax, up 793 yuan / ton, or 5%.

Three, cotton imports increased, textile production and exports increased rapidly.

According to customs statistics, in August, China imported 240 thousand tons of cotton, an increase of 130 thousand tons, an increase of 118.9%, an increase of 71 thousand tons, an increase of 42%.

In 1-8 months of this year, China imported 1 million 952 thousand tons of cotton, an increase of 976 thousand tons compared with the same period last year, an increase of 100%.

2009 cotton year (September 2009 -2010 August), China's total imports of 2 million 505 thousand tons of cotton, an increase of 1 million 58 thousand tons, an increase of 73.1%.

According to the statistics of National Bureau of statistics, the national yarn production in August was 2 million 468 thousand tons, an increase of 327 thousand tons compared with that of the previous year, an increase of 15.3%.

In the 1-8 month of this year, China's yarn production totaled 17 million 498 thousand tons, an increase of 2 million 439 thousand tons compared with the same period last year, an increase of 16.2%.

2009 cotton year, China's yarn output totaled 26 million 414 thousand tons, an increase of 3 million 753 thousand tons compared with the same period, an increase of 16.6%.

According to customs statistics, in August, China's textile and clothing exports amounted to 20 billion 140 million US dollars, up 28.3% over the same period last year.

In the 1-8 months of this year, China's textile and apparel exports totaled 129 billion 800 million US dollars, up 23.7% over the same period last year.

2009 cotton year, textile and apparel exports totaled $191 billion 940 million, an increase of 12.2% over the same period last year.

In August, the average monthly price of 32 Cotton Combed Yarns in China was 26411 yuan / ton, down 597 yuan / ton, or 2.2%, and the average monthly price of polyester staple fiber was 9488 yuan / ton, down 15 yuan / ton, or 0.2%.

The difference between the standard grade cotton and polyester staple in the month was 8643 yuan / ton, which was 154 yuan / ton less than last month.