Xinjiang Commodity Cotton Export Speed Continues To Accelerate

The cotton warehouse Association of China Cotton Association counted 114 warehousing units. As at the end of June 2010, the total turnover of commodity cotton turnover was 667 thousand tons (249 thousand tons in the mainland and 418 thousand tons in Xinjiang), a reduction of 630 thousand tons per annulus. According to this calculation, the total inventory of cotton turnover in the whole country was about 751 thousand tons, which was 692 thousand tons lower than that in May. In the same month, the 21 pit stations in Xinjiang crossed the iron road to the mainland to pport 360 thousand tons of cotton, an increase of 39 thousand tons compared with May, and Xinjiang cotton shipments continued to improve.

1. Commodity cotton in the mainland

As of the end of June 2010, the turnover of commodity cotton turnover in the 93 cotton warehouses in the mainland was 249 thousand tons, a decrease of 146 thousand tons in comparison with the same period last year, an increase of 133 thousand tons compared with the same period last year.

The reduction in the number of rings has increased substantially compared with the previous months. This shows that the increase in cotton purchase and the increase in inventory trading volume are the main reasons for the continuous and rapid rise of domestic cotton spot prices in the near future.

Two months from the new cotton listing, the state has already taken measures to increase the quota of imported cotton again and make preparations for dumping and storage to ensure market supply.

Judging from the distribution of stocks, Shandong, Jiangsu, Henan and Hebei are the four largest stockpiles, of which only 7 of the total share of Shandong stock is 26.2%, an increase of 7 percentage points from the previous month, and the proportion of Jiangsu, Henan and Hebei has decreased considerably, accounting for 17.9%, 13% and 6.1% respectively, representing 7.2, 8.11 and 13.7 percentage points lower than the previous month.

As of the end of June 2010, 21 warehouses in Xinjiang were converted to 418 thousand tons of commodity cotton week (middle), with a reduction of 484 thousand tons.

That month, the above pfer stations pported 360 thousand tons of cotton to the mainland by rail, an increase of 39 thousand tons in the ring ratio, and the average daily shipment increased by about 1600 tons compared with that in May.

At the end of the month, Xinjiang cotton has a capacity of about 84 thousand tons.