Increased imports of cotton textile exports continued to pick up
In January 2010, seed cotton sell to the state near the end, the progress of faster processing and sales of lint cotton increased imports, textile exports continued to rebound.
In January China imported cotton continued to rise significantly, according to Customs statistics, in January China imported 301,000 tons of cotton, up by 22.3 million tons, an increase 286.4%; ring than the increase of 8.4 million tons, increased 38.7%. As of January, 2009 the year of China's total cotton imports 850,000 tons of cotton, an increase of 55.1%. According to Customs statistics, in January China's textile and apparel exports 15.57 billion U.S. dollars, an increase of 2.3%. As of January, 2009 cumulative annual textile and apparel exports to 77.7 billion U.S. dollars, down 4.6%.
In February, China National Cotton Market Monitoring System 2009/2010 annual consumption increase of 2.5 million tons, mainly due to the current orders for textile industry in good condition. China Textile Industry Association data show that in 2009 China's textile enterprises above designated size achieved total industrial output value of 3.797989 trillion yuan, up 10.3%, textile consumption is expected to continue warming the terminal. February national cotton market monitoring system to predict the 2010/2011 annual national cotton production 7.135 million tons, up by 5.6%; cotton consumption is 10.432 million tons, up by 1.8%; inventory spend more than 26.2%, compared with the previous year fell 1.83 percentage points . Domestic cotton supply and demand in 2010 is expected to the tense situation would not be effectively improved. In China, cotton consumption is one-third of imports, with the consumption of domestic resources, international cotton prices of the impact on domestic cotton prices will gradually increase.
In addition, the United States to tighten monetary signals will be compressed cotton prices to rise. Discount rate announced by the United States increases the impact of commodity prices in Asia and Europe, once adjusted, but cotton remains strong, and ignored the U.S. dollar index rose sharply, can be seen the tense situation of cotton supply and demand fundamentals have been highlighted. In addition, as the economy has recovered, the global cotton consumption growth accelerated, USDA expects consumption growth to be faster than output growth, which will push cotton prices up.
In January China imported cotton continued to rise significantly, according to Customs statistics, in January China imported 301,000 tons of cotton, up by 22.3 million tons, an increase 286.4%; ring than the increase of 8.4 million tons, increased 38.7%. As of January, 2009 the year of China's total cotton imports 850,000 tons of cotton, an increase of 55.1%. According to Customs statistics, in January China's textile and apparel exports 15.57 billion U.S. dollars, an increase of 2.3%. As of January, 2009 cumulative annual textile and apparel exports to 77.7 billion U.S. dollars, down 4.6%.
In February, China National Cotton Market Monitoring System 2009/2010 annual consumption increase of 2.5 million tons, mainly due to the current orders for textile industry in good condition. China Textile Industry Association data show that in 2009 China's textile enterprises above designated size achieved total industrial output value of 3.797989 trillion yuan, up 10.3%, textile consumption is expected to continue warming the terminal. February national cotton market monitoring system to predict the 2010/2011 annual national cotton production 7.135 million tons, up by 5.6%; cotton consumption is 10.432 million tons, up by 1.8%; inventory spend more than 26.2%, compared with the previous year fell 1.83 percentage points . Domestic cotton supply and demand in 2010 is expected to the tense situation would not be effectively improved. In China, cotton consumption is one-third of imports, with the consumption of domestic resources, international cotton prices of the impact on domestic cotton prices will gradually increase.
In addition, the United States to tighten monetary signals will be compressed cotton prices to rise. Discount rate announced by the United States increases the impact of commodity prices in Asia and Europe, once adjusted, but cotton remains strong, and ignored the U.S. dollar index rose sharply, can be seen the tense situation of cotton supply and demand fundamentals have been highlighted. In addition, as the economy has recovered, the global cotton consumption growth accelerated, USDA expects consumption growth to be faster than output growth, which will push cotton prices up.
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