China Imported 1 Million 160 Thousand Tons Of Cotton In The First 9 Months Of This Year.

According to the China Cotton Association, China imported 1 million 160 thousand tons of cotton in the first 9 months of this year, down 42% from the same period last year. The association said that due to the further narrowing of cotton prices at home and abroad, cotton in the domestic market supply Sufficient, resulting in weakening import demand. On Thursday, cotton prices refreshed for over 6 years to 11990 yuan / ton.

Last two months cotton Prices continued to fall, mainly due to the fear of poor global demand, especially China's demand, because the Chinese government managed to reduce record size stocks when domestic economic growth slowed down significantly.

Customs data show that China's first 8 months of the year Imported 1 million 110 thousand tons of cotton and less than 50 thousand tons of cotton imports in September.

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According to some ginning plants in Akesu and Korla, on the 12-13 day of October, the 2127 and 3127 mixed platforms (26mm length accounted for less than 30%) in the two platforms were reduced to 12700-12800 yuan / ton, and the pickup price of individual cotton wadding customers was 12300-12400 yuan / ton. Most of the cotton processing enterprises in Sha ya, Kuche and Yuli and other places adopt the operation mode of "purchasing one side plus labor", stacking up basically without seed cotton, and selling lint immediately after the warehousing is put into stock.

By the middle of October, the mainland's large and medium-sized cotton textile enterprises and traders sent only a handful of cotton lint to southern Xinjiang, and middlemen and cotton customers in Akesu, Korla and Kashi had greatly declined in the three cotton regions. On 10 13, the purchase price of seed cotton in South Xinjiang cotton region continued to decline slightly, and the purchase price of seed and cotton in 40 places, such as Sha ya, Xin he and Ke Ping, was reduced to 5.50-5.60 yuan / kg, and the purchase price of 5.40-5.50 yuan / kg was also common in 10.

Some cotton enterprises said that, on the one hand, the data of cotton linen's public inspection data of cotton fields in southern Xinjiang were very unsatisfactory this year, especially in terms of fiber length and horse value. The quality of medium flowers has not been significantly improved. Therefore, it is a common understanding that "lint is hard to sell and can not sell up". On the other hand, cottonseed prices continue to be in the range of 1.58-1.60 yuan / kg (the price of pickled goods in the ginning plant). On the other hand, the short term rebound is hopeless. Oil producers and middlemen have a strong atmosphere. The cost of lint cotton and the market price are increased.