The November report of China's cotton market shows that in November, cotton prices in domestic and foreign markets gradually fell. Cotton imports, textile production and exports all showed growth.

According to the news from China Cotton Net on December 23, in November, cotton prices in domestic and foreign markets gradually fell. Cotton imports, textile production and exports all showed growth.

1. Cotton prices in the domestic market gradually fell

According to the monitoring of the National Cotton Market Monitoring System, as of the end of November, the picking progress of new cotton was 93.1%, down 2.8 percentage points year-on-year; the delivery rate of seed cotton (accounting for the proportion already picked) was 78.9%, down 4.5 percentage points year-on-year; The processing rate (accounting for the proportion of acquisitions) was 67.8%, an increase of 6.3 percentage points year-on-year; the sales rate of new cotton (accounting for the proportion of processed products) was 19.3%, a year-on-year decrease of 1.3 percentage points. Among them, the picking progress in Xinjiang was 94.1%, a year-on-year decrease of 5.1 percentage points; the seed cotton delivery rate was 94.3%, a year-on-year decrease of 3 percentage points; the new cotton processing rate was 63.2%, a year-on-year decrease of 5.9 percentage points; the new cotton sales rate was 28.9%, a year-on-year decrease of 2.1 percentage points. percent.

With the implementation of various measures to ensure supply and stabilize prices and combat speculation in the cotton market, after mid-November, the domestic cotton market cooled down, and spot and futures prices gradually fell. On November 30, the average purchase price of grade 3 seed cotton in the mainland was 5.43 yuan/catties, which was 1.48 yuan/catties lower than the highest on November 12, a decrease of 21.4%; the average purchase price of Xinjiang seed cotton was 4.98 yuan/catties, the highest compared with November 12. It fell by 1.9 yuan/catties, a drop of 27.6%. The average price of standard-grade lint cotton in the Mainland was 26,425 yuan/ton, down 4,810 yuan/ton, or 15.4%, from the peak on November 12; the average price of standard-grade lint in Xinjiang was 26,695 yuan/ton, down 4,234 yuan/ton from the peak on November 12. tons, down 13.7%. The contract settlement price of Zhengzhou cotton futures in January 2011 was 26,025 yuan/ton, down 7,400 yuan/ton from the highest point on November 9, a decrease of 22.1%; the average contract price of electronic matching transactions in the national cotton trading market in January 2011 was 28,631 yuan/ton , down 5,161 yuan / ton from the highest point on November 9, a decrease of 15.3%.

2. Cotton prices in the international market fell from a high level

In November, the US dollar index rose and international commodity prices fell due to the possible intensification of the European sovereign debt crisis. On November 30, the average price of December cotton futures contracts in New York was 126.23 cents/lb, down 25 cents/lb from the peak on November 9, or 16.5%. The average CIF price of imported cotton in China's main port is 25,414 yuan / ton according to the 1% tariff, which is 4,915 yuan / ton, or 16.2% lower than the highest on November 9; On the 9th, it fell by 4,867 yuan / ton, a decrease of 15.9%.

3. Cotton imports, textile production and exports are all growing

According to customs statistics, my country imported 126,000 tons of cotton in November, an increase of 13,000 tons or 11.8% year-on-year; an increase of 30,000 tons or 31.3% month-on-month. From January to November, my country imported a total of 2.375 million tons of cotton, an increase of 1.066 million tons or 81.4% year-on-year.

According to the National Bureau of Statistics, the national yarn output in November was 2.467 million tons, an increase of 220,000 tons or 9.8% year-on-year. From January to November, the total yarn output was 24.856 million tons, an increase of 3.204 million tons or 14.8% year-on-year. According to customs statistics, my country's textile and apparel exports in November were 19.02 billion US dollars, a year-on-year increase of 36.2%; a month-on-month increase of 1.22 billion US dollars, an increase of 6.8%. From January to November, my country's textile and apparel exports totaled US$186.62 billion, a year-on-year increase of 24.2%.

In November, affected by factors such as the high price of raw materials and the weakening of textile downstream sales, the price of cotton yarn fell sharply after rising rapidly. On November 30, the quotation of domestic 32-count pure cotton carded yarn was 38,200 yuan/ton, which was 4,800 yuan/ton lower than the peak on November 12, a decrease of 11.2%. The price of polyester staple fiber was 14,370 yuan/ton, down 3,600 yuan/ton from the highest on November 12, a decrease of 20%.