China's cotton imports increase by 40%

According to data released by the National Development and Reform Commission on the economic situation of the cotton and textile industries in January, China’s cotton imports increased significantly by 40.1% in January, while cotton prices rose steadily.

The author was informed that the 2012-2013 cotton collection and storage work will come to an end next month, and the new year's cotton collection and storage plan is expected to be launched in the near future.

Sun Liwu, a cotton analyst at Zhuo Chuang Information Technology, a commodity information portal, told the author that due to the reduction in cotton planting area this year, there may be shortages in supply, and as the economic environment changes, cotton demand will show a mild recovery.

According to the "Statistical Communique on National Economic and Social Development in 2012" issued by the Statistics Bureau the previous few days, China's cotton planting area was 4.7 million hectares in 2012, a decrease of 340,000 hectares compared to the same period of last year. This situation is expected to further deteriorate in 2013. Earlier reports said that the cotton planting area in Shandong, Anhui, and Jiangsu in 2013 is expected to decrease by about 10%.

According to analysis data released by the National Development and Reform Commission on the economic situation of the cotton and textile industries, in January, the cotton price in China's market rose steadily. The average purchase price of seed cotton in China was RMB 4.2/kg, up by RMB 0.01/kg or 0.04% from the previous month.

It is understood that not only the spot market, cotton ** market also ushered in a larger increase. The cotton price in Zhengzhou rose by 245 yuan/ton, or 1.2%, from January; the average price of the electronic contractual trading in the national cotton exchange market in March was 19,495 yuan/ton, up by 15 yuan/ton or 0.1% from the previous month.

According to statistics of the General Administration of Customs, China imported 457,000 tons of cotton in January, an increase of 131,000 tons, an increase of 40.1%.

According to the “2012 Preliminary Interim Cotton Storage and Storage Plan” that was announced last year, the temporary purchase and storage of cotton from 2012 to 2013 will end on March 31. According to the sales announcement of China Reserve Cotton Management Corporation last month, this round of national reserve cotton outbound sales will also end on March 31st. In another development, in order to meet the raw material needs of textile enterprises, the state launched a new round of reserve cotton deposit and storage work on January 14 this year. The price of Grade 3 cotton was 19,000 yuan/ton, and the cotton exported to 2011 was the export of cotton. the Lord.

"Currently for the cotton market, except for the storage, storage, and storage, relatively short-term policies are not yet available. In the event that the future collection and storage policies are about to end, the sales of reserve cotton out of the warehouse may not be over yet. The situation."Sun Liwu analysis shows.