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Development And Reform Commission May Cotton Market Monthly Report 10: New Cotton Area Slightly Rebounded

2010/6/29 10:59:00 36

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Cotton

In May, the new cotton spring sowing work ended and the planting area rebounded slightly.

Cotton at home and abroad

Goods in stock

Prices continue to rise.

Cotton imports increased year by year, and textile production and exports increased significantly.

First, the sales progress is faster, and the new cotton spring sowing work is over.

According to the national cotton market monitoring system statistics, as of the end of May, the national cotton seed sale was basically over; cotton processing enterprises lint processing rate (accounted for the proportion of acquisitions) was 98.9%, basically flat compared to the same period; lint sales rate (accounted for the proportion of processed) was 89.2%, an increase of 27.7 percentage points over the same period last year.

Basically completed in May.

Cotton sowing in spring

The national sowing area increased slightly.

According to the national cotton market monitoring system survey and statistics, in 2010, the national cotton planting area was 77 million 840 thousand mu, an increase of 154 thousand mu compared with the previous year, an increase of 0.2%.

According to the subregional perspective, the 31 million 110 thousand cotton plants in the the Yellow River River Basin decreased by 4% compared with the previous year. The cotton growing area in the middle and lower reaches of the Yangtze River increased by 21 million 490 thousand mu, and the growth of the northwest inland cotton area was 25 million 80 thousand mu, an increase of 1.5% (of which 24 million 290 thousand mu in Xinjiang, an increase of 1.9%).

Two, domestic and foreign market cotton spot price rise

In May, the standard grade lint arrived at the factory average price of 16811 yuan / ton, up 610 yuan / ton from the previous month, or 3.8%; the national cotton trading market electronic matching July average price of the contract was 18045 yuan / ton, up 901 yuan / ton from the previous month, or 5.3%; Zhengzhou cotton futures contract settlement price 17531 yuan / ton, up 810 yuan / ton from last month, or 4.8%.

Europe

debt crisis

Worsening effect, the global financial market in May oscillated sharply, commodity futures prices generally fell, and the cotton spot price rose somewhat, due to the tight supply of cotton.

In that month, the average price of New York cotton futures contract in July was 81.49 cents / pound, down 1.51 cents / pound from the previous month, or 1.8%, and the average price of Chinese cotton port at the port of China (M) 89.35 cents / pound, up 1.16 cents / pound from the previous month, or 1.3%.

According to the 1% tariff, the import cost of RMB is 15749 yuan / ton, which is lower than the domestic market 1062 yuan / ton. According to the sliding tax, the cost of import is 16167 yuan / ton, which is lower than the domestic market 644 yuan / ton.

Three, cotton imports increased year by year, textile production and exports increased significantly.

According to customs statistics, China imported 198 thousand tons of cotton in May, an increase of 47 thousand tons compared with the same period last year, an increase of 30.7%.

In the 1-5 months of this year, the total import of cotton was 1 million 366 thousand tons, an increase of 800 thousand tons compared with that of the previous year, an increase of 141.2%.

As of May, China's total cotton imports totaled 1 million 930 thousand tons over the 2009 cotton year, an increase of 891 thousand tons compared with the same period last year, an increase of 85.9%.

According to the statistics of National Bureau of statistics, the national yarn production in May was 2 million 332 thousand tons, an increase of 322 thousand tons compared with that of the previous year, an increase of 16%.

In the 1-5 month of this year, China's yarn production totaled 10 million 210 thousand tons, an increase of 1 million 510 thousand tons compared with the same period last year, an increase of 17.4%.

As of May, China's yarn production totaled 19 million 200 thousand tons in 2009, an increase of 2 million 870 thousand tons compared with the same period last year, an increase of 17.6%.

According to customs statistics, in May, China's textile and clothing exports amounted to 16 billion 430 million US dollars, up 33.5% over the same period last year.

In the 1-5 months of this year, China's textile and apparel exports totaled 70 billion 200 million US dollars, up 19.2% over the same period last year.

As of May, 2009 textile and apparel exports totaled $132 billion 300 million, an increase of 5.8% over the same period last year.

In May, the average monthly price of 32 cotton combed yarn was 24504 yuan / ton, up 834 yuan / ton, or 3.5%, the average monthly price of polyester staple fiber was 10122 yuan / ton, down 503 yuan / ton, or 4.7%.

The difference between the standard grade cotton and polyester staple in the month was 6689 yuan / ton, an increase of 1113 yuan / ton from last month.

Four, increase imports, speed up the pportation of new cotton and ensure market supply.

Stabilizing the cotton market and ensuring market supply. In the middle of May, after the national cotton spring sowing was basically over, the state increased the quota of 800 thousand tons of cotton imports in a timely manner. At the same time, efforts should be made to coordinate and arrange the new cotton distribution and ensure the demand for textile cotton.

By the end of May, 2 million 400 thousand tons of Xinjiang cotton had been shipped this year, an increase of 260 thousand tons compared with the same period, an increase of 12.2%.