Cotton Prices Fell 4.2% In Anhui In The Three Quarter.

Reporters learned from the Anhui survey team of the National Bureau of statistics, the three quarter. Whole province Seed cotton prices were 7.66 yuan / kg, significantly lower than the first quarter and the two quarter, the three quarter cotton prices fell 4.2%.

It is reported that the continuous rainy weather this summer has adverse effects on cotton growth, and the time for cotton harvest to be listed is postponed. At the same time, early cotton bolls were mildew and blackening due to lack of sunshine. The quality of early harvested cotton was lower and prices fell. In the three quarter, the seed cotton price in the whole province was 7.66 yuan / Kilogram It was significantly lower than the first quarter of 8.30 yuan / kg and two yuan of 8.40 yuan / kg, the three quarter cotton prices fell 4.2% over the same period.

Statistical department analysis, because the central government carries out the target price management to Xinjiang cotton, and cancels temporary collection and storage, the new cotton price of the main cotton producing area in China is formed by the market supply and demand. Despite the continued decline in cotton planting area in Anhui this year, the planting area of outer cotton, especially the United States, has increased by 9% over that of the United States. market It is expected that at the same time, the world's cotton supply is over fourth consecutive years. China accounts for more than 60% of the world's huge stock deterrent market. Under the background of higher domestic inventory consumption, the downward pressure on domestic cotton prices is larger.

　 Zhangjiagang Free Trade Zone cotton inventory decline later difficult to pick up

At present, the new cotton market is slow and the quota of cotton import quota is limited, resulting in the shortage of cotton enterprises in the textile industry. At present, the stock of the bonded cotton store has dropped significantly. As of October 27th, the total stock of cotton was about 224 thousand tons, down 23.8% from the same period last year, mainly in India cotton, American cotton, Australian cotton and Brazil cotton. Among them, the number of India cotton is the most, accounting for about 40%, about 8700 tons.

From the outgoing and warehousing situation, in the case of relatively high cotton prices in Australia and lower quality of American cotton, most textile mills choose to import Brazil cotton. The average weekly storage volume is about 244 tons, and none of the other varieties is in storage. Some spinning enterprises with low spinning yarn mostly choose to import India cotton replenishment stock, and as of the 27 week, the output of India cotton is 2970 tons. In this regard, Zhangjiagang bonded area raw material Market Manager predicts that in the current year, the target price will be supplementation and no additional 1% cotton import quotas will be added to the port.