The Difference Between China And Foreign Countries Will Continue To Forecast 25 Million 480 Thousand Tons Of Global Cotton Output In 2012/13.

ICAC: Chinese and foreign

The International Cotton Advisory Committee (ICAC) released a monthly outlook on 1, saying that in September, the international cotton prices fell slightly, while China's cotton prices rose slightly.

This may indicate the direction of price in the next few months. In 2012/13, China's cotton prices will be supported by the policy of purchasing and storage, while the accumulation of inventory pressure and weak demand in other parts of the world will drag down the international cotton price.

In 2011/12, the Chinese government purchased large quantities of domestic and foreign cotton to rebuild cotton reserves to support the domestic and foreign cotton prices. 2012/13's national storage and purchase will continue to support domestic prices, and the import volume of cotton can be significantly reduced. ICAC expects that China will import 2 million 500 thousand tons, less than half of the last quarter's imports.

China's import volume is expected to decline in 2012/13, which will make cotton prices lower in other parts of the world.

In addition to China, the world's cotton production is expected to decline by 6% to 18 million 600 thousand tons, consumption is expected to increase by 5% to 14 million 900 thousand tons, ending inventory will grow 16% to 9 million tons.

At the same time, ICAC expects China to remain the world's largest cotton importer in 2012/13, which will narrow the divergence between China and international cotton prices.

In addition, by the end of 2012, the expected decrease in planting area in the northern hemisphere and the next half of the year will also support international cotton prices.

Domestic cotton prices remain stable and international cotton prices fall

This week, domestic cotton spot prices remained stable, and cotton prices fell in the international market.

Prices fell slightly.

Domestic cotton spot prices continue to operate smoothly.

Today is the last day of the sale of reserve cotton. After the last storage of cotton, the situation of high-grade cotton is temporarily lacking. The textile enterprises have more choices. However, since the development of the warehouse sales, the turnover rate is not as good as expected, and the paction price remains stable.

Enterprises have difficulty in operation, and textile enterprises have to reduce production capacity.

The international cotton index (SM) 86.56, up 50 points, folded the general trade port delivery price 14852 yuan / ton (calculated according to the sliding tax, the exchange rate was calculated according to the Bank of China's middle price), the international cotton index (M) 83.36, increased 48 points, folded the general trade port delivery price 14464 yuan / ton.

It is estimated that the world's cotton output will reach 25 million 480 thousand tons in 2012/13.

It is estimated that global cotton output will reach 25 million 480 thousand tons in 2012/13, down 1 million 800 thousand tons compared with the same period.

- International

advisory committee