Domestic And Foreign Cotton Prices Rise, Textile Export Growth

1. The cotton growing area in Xinjiang and Yangtze River has entered the bud stage.

Last week (June 1st -5), except for the rainy weather in Jiangnan and Southern China, which was not conducive to the growth of cotton, the weather in other large cotton areas was good, which was conducive to the growth and development of cotton. The mango is on the solar terms, and most of the cotton in China is in the third true leaf to the fifth true leaf stage. Some parts of Xinjiang and the Yangtze River Valley are in the bud stage. It is estimated that the temperature and precipitation in most parts of Xinjiang cotton region will be close to normal in the middle of 6. Most of the cotton fields in the the Yellow River River Basin have high temperature and less rainfall. Drought may affect the growth and emergence of cotton seedlings in some areas. There are more precipitation in the Yangtze River Basin, especially in the eastern part of Hubei, the central and southern parts of Anhui, the northern part of Jiangxi and the central and northern parts of Hunan. The precipitation is more than 2~5.

Two, prices both rose at home and abroad.

Last week, the domestic side continued to promote the policy of "six stability", "six guarantees", reducing taxes and lowering fees and promoting consumption, and domestic cotton prices remained stable upward trend. China's cotton price index CC Index (3128B) has a weekly average price of 11867 yuan / ton, a rise of 32 yuan; the weekly average price of Cotlook A index is 67.27 cents / pound, up 1.42 cents, 1% yuan discount 11785 yuan / ton, 11785 yuan lower than that of China cotton price index CC Index (3128B), 82 yuan below sliding tax, 1773 yuan higher than the Chinese cotton price index. The average price of imported cotton price index FC Index M is 68.32 cents / pound, up 1.48 cents; the average price of cotton main contract of Zhengzhou commodity exchange CF009 week is 11747 yuan / ton, up 163 yuan; ICE cotton futures contract price is 60.54 cents per week, 2.61 per cent higher.

Three, clothing exports declined, textile exports grew.

In June 7th, the General Administration of Customs released data showing that in the first 5 months of this year, China's clothing exports declined and textile exports grew. Among them, the export of textiles including masks was 406 billion 660 million yuan, an increase of 25.5%, and clothing was 267 billion 810 million yuan, down 20.3%.