Home >

Cotton Prices Will Remain High In The Second Half Of This Year.

2011/6/13 9:15:00 83

2010 global textile fibers and textiles

Clothing market

Demand recovery, but the main cotton producing countries in China and Pakistan due to disaster weather reduction, resulting in the supply and demand gap of cotton as raw material for textile industry has increased by nearly 5 times than in 2009, and India, a big exporter, has adopted restrictions.

Cotton export

The policy intensified the tension of supply of cotton, and with the vigorous promotion of speculative capital, the international cotton price continued to rise sharply, reaching a new high in the past 15 years, and the CotlookA cotton price index rose 116.7%.

Cotton prices have soared to boost cotton production in India, the United States and Brazil.

The US Department of agriculture's May 2011 supply and demand report predicted that the annual global cotton production in 2011/12 was 27 million 159 thousand tons, up 8.8%, consumption was 26 million 19 thousand tons, 2.6%, and stock increased by 4 million 478 thousand tons.

The supply and demand situation is expected to ease, and cotton prices have dropped in May.

At present, cotton consumption demand momentum is not decreasing, cotton prices will remain high in the second half of the year, but it is difficult to continue the strong trend of last year.

China is the largest producer and consumer of cotton in the world, and the largest importer of cotton in the world.

With the development and demand of China's textile industry increasing, dependence on imported cotton has increased year by year.

Due to the impact of disaster weather on cotton production, the demand for domestic textile and garment industry is strong, and the gap between supply and demand is widening. Capital speculation has boosted domestic cotton prices in 2010, and import demand has increased.

In 2010, China imported 2 million 839 thousand tons of cotton, an increase of 86% over the same period last year.

In 2011, China's cotton supply and demand situation remained tense. The US Department of agriculture predicted that China's cotton output reached 7 million 185 thousand tons in 2011/12, an increase of 8.2%, and consumption of 10 million 451 thousand tons, an increase of 2.2%, with a gap of 3 million 266 thousand tons.

The large scale import of cotton is inevitable, and the scale of cotton imports will exceed 2010.

The sharp increase in cotton prices exacerbated the operational risks of downstream textile enterprises, and the cost carrying capacity of downstream textile enterprises was relatively weak.

The recent rise in cotton prices at home and abroad has dropped, but textile and clothing are hard to cut.