test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Research | Time:Jul 6 2016 2:58PM
Return of Chinese cotton on narrowing price spread with international cotton?
 
Text size
Foreword
Since the cotton reserve without volume limitation started from 2011/12 season, domestic cotton price has kept high and downstream spinners were also impacted, leading to high spinning cost of domestic cotton yarn, but imported cotton yarn was apparently competitive. Imported cotton yarn snatched some market share of domestic cotton yarn, resulting in stunted sales of domestic cotton yarn and depressed demand for cotton, forming a vicious circle. However, price of domestic cotton dipped apparently after cotton policy changed in 2014 and was consolidating at low level recently. Price of international cotton has remained low since 2012, and price spread of international and domestic cotton kept narrowing, which is supposed to favor domestic cotton market and textile mills.

Content (Total 11 pages)
Part I. Background review
1. China cotton output
2. Volumes of China’s cotton reserve and auction
3. Relation between state cotton reserve/auction and cotton price
4. Allocation of cotton quota
Part II. Status quo
1. China cotton import and consumption
2. Prices & spread between domestic and international cotton
3. China cotton and cotton yarn imports
4. Transactions of state reserved cotton in 2016
Part III. Market outlook
1. Domestic price
2. International cotton price
3. Price spread
Summary

Chart
Chart 1. China cotton planting area and output
Chart 2. China cotton reserving volumes and output in 2011/12-2013/14
Chart 3. Relation between state cotton reserve/auction and cotton price
Chart 4. China cotton imports and consumption
Chart 5. Price spreads of Chinese and international cotton
Chart 6. Price gap between Chinese and international cotton
Chart 7. China cotton and cotton yarn imports in 2009-2016
Chart 8. Price trends of Chinese and imported cotton yarn
Chart 9. Trading proportion of reserved cotton from May3, 2016
Chart 10. Chinese cotton 3128 price and trading prices of reserved cotton

Figure
Figure 1. Trading volume and base price of cotton auction
Figure 2. Allocation of cotton quota

If you need the report, please contact us at:
T 86-571-83786653, 83786504
F 86-571-83786600
Email: market@ccfgroup.com
Related Articles
ZCE Jan cotton contract opens 40 higher
ICE cotton futures market extends upswing
Planned volumes of state cotton auction on Aug 23
State cotton reserves sales for Aug 22, 2017
Cotton market daily (Aug 22, 2017)
New cotton crop picking kicks off in Hebei
ZCE cotton futures market moves up
Cleared Australian cotton prices move lower
China's cotton imports rise in Jul, 2017
Good sales of reserved upcountry cotton on lower base selling price
 
Research
Sales&production of Indian, Pakistani and Vietnamese cotton ...
Cotton production and consumption structure analysis in ...
PTMEG: price stops falling, supply&demand pattern alters ...
Influence forecast of CPL capacity expansion in second half ...
Will Chinese domestic cotton yarn emerge with uncompetitive ...
Polyester industrial chain pattern and change
 
 

浙公网安备 33010902000742号