Cotton Prices Fell To The Lowest Point In 2013, The Market Is Worried About China'S Dumping.

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< p > a href= "http://sjfzxm.com/news/index_c.asp" > cotton price < /a > has fallen to its lowest level in January, because the market is worried that China will release cotton reserves.

WSJ quoted traders as saying that China expects to release part of its 10 million tons of cotton reserves by the end of the year.

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< p > < strong > if China releases cotton reserves, it may shake the global cotton market.

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< p > as the world's largest cotton consuming country, China began to store cotton from the end of 2011 to stabilize the market supply.

China's purchase of cotton has supported futures prices, while selling cotton will mean less imports and less demand for American cotton.

The United States is the main supplier of cotton in China.

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At present, China has 3/5 of the world's raw cotton reserves, compared with 1/5 in the middle of 2011.

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< p > but China's economic growth is no longer the level of the previous two years, and competitors from Southeast Asia are also snatching the business of China's a target= "_blank" href= "//www.sjfzxm.com/" > textile /a plant.

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John Payne, Daniels Trading of Chicago brokerage firm, said that the pace of China's purchase of cotton had slowed down and became more critical at the time of purchase, indicating that the Chinese government intends to reduce its p reserves.

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On Monday, the benchmark ICE futures price fell 0.8% to 75.95 cents on the P benchmark futures market.

Over the past two weeks, the price of cotton fell by 8.6%.

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< p > < strong > Payne predicts that by the end of this year, the price of < a href= "http://sjfzxm.com/news/index_cj.as" > cotton < /a > will be far lower than 70 cents.

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< p > China reserve cotton Management Corporation (CNCRC) will hold a meeting this week. Traders expect that the company will announce the sale of cotton at the end of November or early December.

Liu Hua, general counsel of China Central Cotton store, said in mid July that China plans to cut its increasing cotton stocks in the next three to more years.

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< p > central storage cotton is now reducing cotton purchase.

By the end of September, China Cotton store bought 903230 tons of cotton this year, and the purchase volume was 16 million tons in the same period last year.

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According to China Customs data, China imported 323 tons of cotton in 1-9 months, down 20% compared with the same period last year. < p >

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< p > < strong > related links < /strong > < /p >

< p > < < a href= "//www.sjfzxm.com/news/caijing/20131107/362700.html >" national development and Reform Commission < /a > website learned that in 2013 October, domestic market cotton prices rose slightly.

In October, the average purchase price of seed cotton in the mainland was 4.32 yuan / kg, up 0.08 yuan / Jin, or 1.9%; the average price of seed cotton purchase in Xinjiang was 4.51 yuan / kg, up 0.08 yuan / Jin, or 1.8%.

The average selling price of the standard grade lint in the mainland is 19443 yuan / ton, up 160 yuan / ton from last month, or 0.8%; the average price of Xinjiang standard lint sale is 19703 yuan / ton, up 191 yuan / ton, or 1%.

The settlement price of Zhengzhou cotton futures contract in November was 20242 yuan per ton, up 196 yuan per ton from last month, up 1%, and the national cotton trading market electronic matching paction was 19821 yuan per ton in November, and up 461 yuan / ton from last month, up 2.3%.

Meanwhile, the price of domestic cotton yarn rose slightly in October 2013, and the yarn output increased by 6% over the same period last year.

In October, the average monthly price of 32 cotton combed yarn was 25816 yuan / ton, up 11 yuan / ton from last month, or 0.1%.

The average monthly price of PET staple is 9791 yuan / ton, down 304 yuan / ton from last month, or 3.1%.

In October, China's yarn production was 3 million 269 thousand tons, an increase of 6% over the same period last year, and 1-10 months of yarn production totaled 29 million 77 thousand tons, an increase of 7.4% over the same period last year.

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