Orders For Textile Enterprises Are Insufficient And Domestic Cotton Prices Fall.

Domestic cotton (21225,0.00,0.00%) prices have continued to decline in recent years due to the lack of improvement in textile downstream demand, sluggish sales of finished products, and the impact of imported cotton.

Due to the lack of confidence in cotton traders, the spot market is trading lightly.

Chu Chu cotton pointed out that in April 13th, the mainland

The average price of the purchase was 4.08 yuan / kg, down 0.5%, down 32.6% from the same period last year, and the average price of Xinjiang seed cotton purchase was 4.14 yuan / kg, which was flat, down 23.9% from the same period last year.

The national cotton price B index, representing the average selling price of the standard grade cotton in the mainland, is 19467 yuan / ton, down 0.2% from the same month, down 34.1% from the same period last year. The average selling price of Xinjiang standard lint is 20097 yuan / ton, down 0.4%, down 26.3% from the same period last year.

In April 13th, 32 cotton combed yarn prices were quoted at 26070 yuan / ton, down 0.2%, down 27.8% from the same period last year, and the price of polyester staple fiber was 10980 yuan / ton, down 0.7%, down 21.3% from the same period last year.

China store cotton also said.

The order is insufficient, the starting rate is low, the yarn price falls down.

National cotton market monitoring system data show that compared with the Spring Festival festival, the current price per ton of pure cotton combs 32 yarn has fallen by nearly 800 yuan.

Textile enterprises prefer imported cotton, and the demand for national cotton is weak, which will impact domestic cotton prices. It is estimated that domestic cotton prices will remain weak.

However, the news of the India textile department's proposal to reserve 425 thousand tons of cotton before the fall of new cotton came into effect.

In April 13th, the international cotton index (M) on behalf of the average price of the main port of China imported cotton was calculated at 1% tariffs. The cost of importing the renminbi was 16335 yuan / ton, up 1.1% from the previous week, and the price per ton was 3132 yuan lower than the domestic market price. However, the price difference was narrowed by 221 yuan compared with the previous week. According to the sliding tax, the import cost of the folded renminbi was 16824 yuan / ton, up 0.9% over the previous week, 2643 yuan lower than the domestic market price, and the price difference narrowed by 195 yuan compared with the previous week.

In the context of low cotton consumption, it is expected that global supply will continue to dominate the late cotton price vulnerable operation.

Citing the customs data on April 17th evening, the centre revealed that in March 2012, cotton imports reached 625 thousand and 200 tons, up 348 thousand and 800 tons or 126.2% compared with the same period last year, a small increase of 1.49% in February.

In September 2011 -2012, the new market in February totaled 3 million 241 thousand and 400 tons, an increase of 1 million 504 thousand and 700 tons or 86.64% over the same period.

In the first quarter of 2011, the total import volume was 1 million 567 thousand and 800 tons, an increase of 715 thousand and 900 tons or 84% over the same period.