According to the November report of China's cotton market, cotton prices in domestic and foreign markets gradually fell in November. Cotton imports, textile production and exports are growing.

According to the news of China cotton net on December 23, cotton prices at home and abroad gradually fell in November. Cotton imports, textile production and exports are growing.

1、 Cotton prices in domestic market fall gradually

According to the national cotton market monitoring system, by the end of November, the picking progress of new cotton was 93.1%, with a year-on-year decrease of 2.8 percentage points; the selling rate of seed cotton (accounting for the picked proportion) was 78.9%, with a year-on-year decrease of 4.5 percentage points; the processing rate of new cotton of cotton processing enterprises (accounting for the purchased proportion) was 67.8%, with a year-on-year increase of 6.3 percentage points; the selling rate of new cotton (accounting for the processed proportion) was 19.3%, with a year-on-year increase of 6.3 percentage points 3 percentage points. Among them, Xinjiang's picking progress was 94.1%, a year-on-year decrease of 5.1%; seed cotton sales rate was 94.3%, a year-on-year decrease of 3%; new cotton processing rate was 63.2%, a year-on-year decrease of 5.9%; new cotton sales rate was 28.9%, a year-on-year decrease of 2.1%.

With the implementation of various measures such as ensuring supply and stabilizing prices and cracking down on cotton market speculation, after the middle of November, the domestic cotton market has cooled down, and the spot and futures prices have gradually dropped. On November 30, the average purchase price of grade 3 seed cotton in the mainland was 5.43 yuan / Jin, down by 1.48 yuan / jin or 21.4% from the highest on November 12; the average purchase price of Xinjiang seed cotton was 4.98 yuan / Jin, down by 1.9 yuan / jin or 27.6% from the highest on November 12. The average price of standard grade lint in the mainland was 26425 yuan / ton, down 4810 yuan / ton or 15.4% from the highest on November 12; the average price of standard grade lint in Xinjiang was 26695 yuan / ton, down 4234 yuan / ton or 13.7% from the highest on November 12. The settlement price of Zhengzhou cotton futures contract in January 2011 was 26025 yuan / ton, which was 7400 yuan / ton lower than the highest time on November 9, with a decrease of 22.1%; the average contract price of national cotton trading market in January 2011 was 28631 yuan / ton, which was 5161 yuan / ton lower than the highest time on November 9, with a decrease of 15.3%.

2、 High cotton prices fall in international market

In November, affected by the possible aggravation of European sovereign debt crisis, the US dollar index rose and international commodity prices fell. On November 30, the average December contract price of cotton futures in New York was 126.23 cents / pound, down 25 cents / pound or 16.5% from the peak on November 9. The average CIF price of imported cotton at China's main port was 25414 yuan / ton based on 1% tariff, down 4915 yuan / ton or 16.2% from the highest on November 9, and 25736 yuan / ton based on sliding allowance tax, down 4867 yuan / ton or 15.9% from the highest on November 9.

3、 Cotton imports, textile production and exports are growing

According to customs statistics, China imported 126000 tons of cotton in November, with a year-on-year increase of 13000 tons or 11.8%; and a month on month increase of 30000 tons or 31.3%. From January to November, China imported 2.375 million tons of cotton, an increase of 1.066 million tons, or 81.4%.

According to the statistics of the National Bureau of statistics, the national yarn output in November was 2.467 million tons, with a year-on-year increase of 220000 tons or 9.8%. From January to November, the total yarn output reached 24.856 million tons, with a year-on-year increase of 3.204 million tons or 14.8%. In addition, according to customs statistics, China's textile and clothing exports in November reached 19.02 billion US dollars, up 36.2% year on year, and 1.22 billion US dollars, up 6.8% month on month. From January to November, China's textile and clothing exports totaled 186.62 billion US dollars, up 24.2% year on year.

In November, cotton yarn prices fell sharply after a rapid rise due to the fall of high raw material prices and the weakening of textile downstream sales. On November 30, the quotation of 32 pieces of pure cotton carding yarn in China was 38200 yuan / ton, which was 4800 yuan / ton lower than the highest price on November 12, a decrease of 11.2%. The quoted price of polyester staple fiber was 14370 yuan / ton, down 3600 yuan / ton or 20% from the highest on November 12.