Domestic cotton production fell by 3.5%
National cotton production data released by the National Bureau of Statistics show that the national cotton production in 2019 was 5.889 million tons, a decrease of 213,000 tons compared with 2018, a decrease of 3.5%.
Among them, Xinjiang’s cotton output was 5.002 million tons, a decrease of 108,000 tons or 2.1% from the previous year.
The maximum spot price difference of lint cotton reaches 3114 yuan/ton
According to statistics from Business News, in 2019, domestic The maximum average price difference in the spot market was 3,114 yuan/ton, a decrease of 19.83%. The average cotton spot market price on October 8 was 12,588 yuan/ton, a new low since May 27, 2016.
Cotton imports (January-October) increased by 30.16% year-on-year
2019 From January to October this year, my country imported a total of 1.5905 million tons of cotton, a year-on-year increase of 30.16%.
Cotton yarn (January-October) exports fell 7.10% year-on-year
From January to October 2019, my country imported a total of 1.6223 million tons of cotton yarn, a year-on-year decrease of 7.10%; the cumulative exports were 318,400 tons, a year-on-year decrease of 7.35%.
Both imports and exports of cotton cloth fell (January to October)
From January to October 2019, my country imported a total of 235 million meters of cotton cloth, a year-on-year decrease of 22.09%; the cumulative exports were 6.609 billion meters, down 7.29% year-on-year.
The average transaction price of reserve cotton in 2019 is 12,633 yuan/ton (5.5-9.30)
2019 The average transaction price of central reserve cotton is 12,633 yuan/ton, discounted to the standard grade (3128B) price of 13,902 yuan/ton;
The highest transaction price is 15,930 yuan/ton, and the lowest transaction price is 10,750 yuan/ton;
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During the rotation of reserve cotton, a total of 1.162 million tons of reserve cotton were listed for sale;
Among them, 570,000 tons of Xinjiang cotton were listed and 592,000 tons of real estate cotton were listed;
Xinjiang The average cotton transaction price is 12,794 yuan/ton, with an average price increase of 707 yuan/ton;
The average transaction price of real estate cotton is 12,444 yuan/ton, with an average price increase of 425 yuan/ton.
Pakistan’s cotton, cotton yarn, gray fabrics and other exports to China have achieved “zero tariffs”
April 28, my country and Pakistan signed the “Protocol on Amending the Free Trade Agreement between the Government of the People’s Republic of China and the Government of the Islamic Republic of Pakistan”, which officially came into effect on December 1, 2019. Pakistan’s cotton, cotton yarn, gray fabrics and other exports to China have finally achieved “zero tariffs”.
After six years, the Bureau of Material Reserves has started purchasing and storing Xinjiang cotton
On November 14, National Grain The Bureau of Materials and Materials Reserves issued an announcement that some Xinjiang cotton has been transferred. The total amount of this round is 500,000 tons, and about 7,000 tons are listed for bidding every day. The time is the national legal days from December 2 to March 31, 2020.
About cotton import tariff quotas
On April 12, 2018, National Development and Reform Commission An announcement was released on matters related to the application for import quotas at preferential tariff rates outside cotton tariff quotas in 2019. The quantity of the cotton import sliding tax quota this time is 800,000 tons, all of which are non-state trade quotas. The application period is April 15-29, 2019.
The total cotton import tariff quota in 2020 is 894,000 tons, of which 33% is state-owned trade quota.
Global cotton ending stocks increased year-on-year
According to the December global production demand forecast released by the United States Department of Agriculture, 2019 In 2020, global ending stocks increased by 600,000 bales year-on-year to 80.3 million bales.
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