Development And Reform Commission May Cotton Market Monthly Report: Domestic And Foreign Market Cotton Prices Continue To Decline

In May, at home and abroad

National Development and Reform Commission released May

First, cotton prices continue to fall in the domestic market.

According to the monitoring, as of the end of May, the acquisition of cotton seed was basically over; cotton processing enterprises accounted for 98.2% of the new cotton processing rate, which accounted for 0.6 of the total sales, and the sales rate of new cotton (68.7% of the processed proportion) decreased by 20.5 percentage points compared with the same period last year.

Among them, the processing rate of Xinjiang's new cotton was 98.2%, unchanged from the same period last year, and the sales rate of new cotton was 79.9%, down 11.9 percentage points compared with the same period last year.

Domestic cotton prices continue to fall, thanks to the sharp fall in international cotton prices and other factors.

In May, the average selling price of the standard grade lint in the mainland was 25110 yuan / ton, down 3984 yuan / ton, or 13.7%; the average price of Xinjiang standard lint sale was 26113 yuan / ton, down 3817 yuan / ton, or 12.8%.

Zhengzhou cotton futures contract settlement price in July was 25335 yuan / ton, down 3053 yuan / ton from last month, or 10.8%; the national cotton trading market electronic matching paction average price in July was 24666 yuan / ton, down 3238 yuan / ton, or 13.1%.

Two, cotton prices fell sharply in the international market.

In May, the price of cotton fell sharply in the international market, due to the strong US dollar and the sluggish export of US cotton.

In that month, the average price of New York cotton futures contract settlement in July was 156.55 cents / pound, down 36.31 cents / pound from the previous month, or 18.8%, or 14.9 percentage points from the previous month. The import price of China's main port on the imported cotton was calculated to be 30455 yuan / ton according to the sliding tax, which fell 5620 yuan per ton, or 15.6%, a decrease of 8.6 percentage points from the previous month.

Three, cotton imports decreased, textile exports grew faster.

According to statistics from the General Administration of customs, China imported 145 thousand tons of cotton in May, a decrease of 53 thousand tons compared with the same period last year, a decrease of 27%.

In 1-5 months, China's total import of cotton was 1 million 206 thousand tons, down 11.7% from the same period last year.

As of May, 2010 cotton year (from September 2010 to August 2011), China's total imports of 2 million 92 thousand tons of cotton, an increase of 9.2% over the same period last year.

According to the statistics of National Bureau of statistics, the output of Chinese yarn was 2 million 408 thousand tons in May, an increase of 191 thousand tons compared with that of the previous year, an increase of 8.6%.

In 1-5 months, China's yarn production totaled 10 million 803 thousand tons, an increase of 10.1% over the same period last year.

As of May, China's yarn production reached 2010 tons in the year of 20 million 792 thousand cotton, an increase of 10.3% over the same period last year.

According to the General Administration of customs statistics, China's textile and apparel exports in May amounted to US $20 billion 340 million, an increase of 39.1% over the same period last year.

In 1-5 months, China's textile and apparel exports totaled US $88 billion 840 million, an increase of 26.6% over the same period last year.

As of May, China's textile and apparel exports totaled 165 billion 590 million US dollars in the 2010 cotton year, an increase of 25.1% over the same period last year.

In May, the average monthly price of 32 cotton combed yarn was 33793 yuan / ton, down 2312 yuan / ton from last month, or 6.4%, and the average monthly price of polyester staple fiber was 12986 yuan / ton, down 963 yuan / ton, or 6.9%.