Domestic And Foreign Market Cotton Prices Continue To Fall, Seven Departments Convened Meeting To Deploy Cotton Work In The New Year

In September, new cotton picking and acquisition began in succession, and seed cotton purchase price was higher and lower.

Cotton prices continued to fall at home and abroad.

Cotton imports are decreasing.

Textile production and export growth slowed further.

The seven departments jointly held a meeting to deploy cotton work in the new year.

First, the listing of new cotton is later than last year, and the purchase price of seed cotton goes higher and lower.

In September, most of the production areas in China were sunny and new cotton picking and purchasing began.

This year, due to the low temperature and rainy weather in the main cotton growing area, the maturity of cotton has been postponed compared with that of last year, and the price of seed cotton has been declining and farmers are reluctant to sell.

In September, the average purchase price of the 3 grade seed cotton in the mainland was 2.93 yuan / kg (folded cotton lint 606 yuan / load), up 0.17 yuan / Jin, or 6.3%; the average purchase price of 3 seed cotton in Xinjiang was 2.72 yuan / kg (folded cotton seed 583 yuan / load), up 0.08 yuan / Jin, or 2.9%.

From the price trend, the seed cotton purchase price in September was higher and lower.

At the beginning of the scale, the seed cotton purchase price was higher, the average price of the 3 grade seed cotton in the mainland was 2.97 yuan / Jin, and the 3 seed cotton in Xinjiang was 2.8 yuan / Jin.

After that, the price of domestic cotton and seed was decreasing, and the price of seed cotton was continuously lowered. At the end of September, the average purchase price of the 3 grade seed cotton in the mainland was 2.89 yuan / Jin, and the average purchase price of Xinjiang grade 3 seed cotton was 2.65 yuan / Jin.

Two, domestic and foreign cotton prices both fell, the difference between inside and outside cotton prices

In September, domestic cotton prices continued to decline due to difficulties in the textile industry.

In September, the domestic standard cotton to plant average price was 13130 yuan / ton, down 592 yuan, or 4.3%, compared with last month; the national cotton trading market electronic matching paction average price of October was 12949 yuan / ton, down 568 yuan, or 4.2%; the average price of Zhengzhou cotton futures contract in November was 13019 yuan / ton, down 550 yuan, or 4.1%.

In September, under the influence of the US financial crisis, the market confidence was severely frustrated, and the fund withdrew from the futures market, and the price of international commodity futures fell across the board.

New York cotton futures contract average price of 60.92 cents / pound in October, down 6.23 cents / pound, or 9.3%.

The price of the main ports in Asia was 77.10 cents / pound, down 1.44 cents / pound, or 1.8%.

According to the 1% tariff, the cost of import of RMB is 13645 yuan / ton, which is 515 yuan / ton higher than that of the domestic market, and the spread is 298 yuan / ton from last month. According to the sliding tax, the cost of import is 14069 yuan / ton, which is higher than the domestic market 939 yuan / ton, and the price difference expanded 438 yuan / ton from last month.