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Domestic Cotton Imports Continue To Climb &Nbsp, And Optimism Is Heating Up.

2011/1/21 17:41:00 98

After two and a half months of adjustment, cotton prices have regained the bull's pace and once again approached the 30 thousand yuan / tonne pass. The industry expects that the market will have a relatively small increase in the market before the Spring Festival.

Affected by the sharp rise in international cotton prices, domestic cotton prices continued to maintain a steady and steady trend after falling at a high level in early November.

By the middle of January this year, cotton futures prices again approached the 30 thousand yuan / tonne mark, and spot prices and imports.

Cotton price

The cost of textile enterprises continues to rise.

Latest statistics from the national development and Reform Commission show that in December last year, New York

Cotton futures

The average price of the contract in March 2011 was 141.05 cents / pound, up 12.73 cents / pound from the previous month, or 9.9%; the average price of the imported Chinese cotton on the main port of Hong Kong was calculated at 29075 yuan / ton according to the 1% tariff, which rose 1713 yuan / ton, or 6.3%, compared with last month.

Over the same period, domestic cotton imports continued to climb.

According to the latest statistics of the General Administration of customs, in December last year, China imported 462 thousand tons of cotton, an increase of 245 thousand tons compared with the same period last year, an increase of 113%, an increase of 336 thousand tons, an increase of 266.7%.

In 2010, China imported 2 million 837 thousand tons of cotton, an increase of 1 million 311 thousand tons compared with the same period last year, an increase of 86%.

Face

Cotton import

The volume and price rise, and the reduction of domestic cotton production is undoubtedly the most important factor leading to tight demand.

The 14 daily report of the January Cotton Research Institute of Chinese Academy of Agricultural Sciences reported that China's cotton output in 2010 dropped by 14.6% from 2009 to 5 million 700 thousand tons.

The Academy of Agricultural Sciences reported that the cotton planting area in 2010 was 5 million 50 thousand hectares, and the output of raw cotton per hectare was 3.36 tons, which was 14.6% lower than that in 2009.

The cotton association of China estimated that cotton production last year was 6 million 650 thousand tons, down 2.1% from 2009.

In December last year, China's cotton reserve management company estimated that China's cotton production could decline by 5.5% to 6 million 360 thousand tons in 2010.

"At present, the price of cotton market is still a tentative start. After all, traders and textile enterprises have made up the bank before the holiday, and the inquiry and trading of cotton spot market are more active in the near future, and the competent textile enterprises are still taking advantage of Chinese grade cotton, especially the quality Xinjiang cotton resources."

A staff member of China Cotton Association said so.

At the same time, according to the China cotton reserve information center, according to the survey of textile enterprises' operation and its market trend before and after the Spring Festival, the survey results gathered as of January 12th showed that the market sales situation of cotton yarn has improved slightly in recent years, and the cotton mill is optimistic about the sales situation of cotton yarn after the festival.

For the cotton yarn market after the Spring Festival, a total of 64.11% surveyed enterprises believe that the cotton market will be slightly improved or obviously improved after the Spring Festival, of which 35.90% of the enterprises who have significantly improved views reflect that the cotton mill is optimistic about the trend of cotton yarn market after the festival and the gradual improvement of the downstream demand for cotton spinning.

Galaxy futures Ministry of cotton industry analysts believe that from the trend, cotton prices after two and a half months of adjustment, cotton prices steadily rose, the focus gradually moved upward, but the market volume and positions did not significantly enlarge, showing that the enthusiasm of the market is lower than before.

However, the price of the main contract has exceeded the high point since the adjustment of the market. It is expected that the price of the main contract will exceed 30000 yuan / tonne before the year, but the market will be relatively limited before the Spring Festival.