In the March global cotton supply and demand report released by the U.S. Department of Agriculture, the estimated global cotton output was increased by 156000
According to the latest data of the General Administration of Customs of China, China's textile and clothing exports in January-February 2023 amounted to 40.842 billion
According to the monitoring of the market prices of 50 important means of production in 9 major categories in the national circulation field, the prices
Price trend
Recently, the performance of new orders in the textile market was poor, and the cotton market fluctuated downward. According to the monitoring of
On February 7, the international cotton price index (SM) was 101.37 cents/pound, down 1.71 cents/pound, or 16832 yuan/ton (calculated by 1% tariff, and the exchange
[Future trend] In the domestic market, the characteristics of the traditional off-season are obvious, enterprises purchase raw materials cautiously, mainly de-stock and withdraw funds, and
According to customs statistics, China imported about 170000 tons of cotton in December 2022, with a month-on-month decrease of about 10000 tons and a year-on-year
On January 3, the international cotton price index (SM) was 100.67 cents/lb, an increase of 0.55 cents/lb, equivalent to 17,218 RMB/ton for general trade port
Factors Affecting Cotton Market
Supply side: the high level of commercial inventory superimposed on the new year's cotton output reached a new high
Since 2022, due to
Price trend
Since December, the domestic cotton price has rebounded slightly, and the main contract of Zheng cotton rebounded from 13,000 RMB/tonn to 14,000 RMB/tonn
In October, my country imported about 60,000 tons of cotton yarn, a year-on-year decrease of about 56%
According to customs statistics, my country will import about
According to the monitoring of market prices of 50 important production raw materials in 9 categories in the national circulation field, in late October 2022,
On October 27, the international cotton price index (SM) was 99.35 cents/pound, down 0.90 cents/pound, which was converted to 16967 RMB/ton of the general trade