International cotton prices rise steadily in the domestic market

In August, the cotton price in the international market rose. China's cotton import decreased by 9.7% year-on-year, and the domestic cotton market operated smoothly. China's yarn production increased by 2.8% year-on-year.

Affected by the weakening of the US dollar index and the US Department of Agriculture's downward adjustment of global cotton production in the new year, the cotton price in the international market rose in August. In the same month, the New York Cotton ** October contract settled at 87.38 cents/lb, up 1.51 cents/lb from the previous month, or 1.8%; the imported cotton China main port CPI (M) was calculated at 1% tariff. RMB 15,140/ton, which was RMB 344/ton higher than that of the previous month, which was an increase of 2.3%; and it was RMB 15,910/ton calculated as a sliding tax, which was RMB 259/ton or 1.7% higher than that of the previous month.

According to statistics of the General Administration of Customs, in August, China imported 276 thousand tons of cotton, a year-on-year decrease of 30,000 tons, a decrease of 9.7%. From January to August, 30.26 million tons of imported cotton were imported, a year-on-year decrease of 741,000 tons, a decrease of 19.7%. In the 2012 cotton year, 4.39 million tons of cotton were imported, a year-on-year decrease of 1.044 million tons, a decrease of 19.2%.

In August, the average sales price of standard lint in the Mainland was 19,187 yuan/ton, which was a decrease of 42 yuan/ton or 0.2% from the previous month. The average price of standard lint sales in Xinjiang was 19,504 yuan/ton, which was the same as last month. Zhengzhou Cotton ** September contract settlement price of 20,975 yuan / ton, compared with last month rose 151 yuan / ton, or 0.7%; national cotton trading market, electronic contractual trading September contract average price 19028 yuan / ton, down 175 yuan from the previous month / Ton, a decrease of 0.9%. The average monthly price of 32 cotton carded yarns was RMB 25,845/ton, which was RMB 29/ton or 0.1% lower than that of the previous month. The average monthly price of polyester staple fiber was RMB 10,219/ton, which was RMB 261/ton higher than that of the previous month, which was an increase of 2.6. %.

According to statistics from the National Bureau of Statistics, yarn production in China in August was 2.943 million tons, an increase of 2.8% year-on-year. From January to August, yarn production totaled 22.255 million tons, a year-on-year increase of 7.8%. In 2012, the yarn production volume totaled 35.052 million tons, a year-on-year increase of 10.2%.