In November 2008, the cotton price in the domestic market bottomed out in the international cotton price fell sharply, imports continued to decline in cotton textile production and export growth slowed further.

National Development and Reform Commission on December 23, in November 2008, the new domestic cotton picking fundamental to an end, the new cotton purchase and sale of slow progress. Cotton price in the domestic market bottomed out in the international cotton price fell sharply. Cotton imports continued to decline, textile production and export growth slowed further.

A new cotton purchase and sale of slow progress. In November 2008, the new domestic cotton picking fundamental to an end, the purchase and sale of slow progress. According to the National Cotton Market Monitoring System survey, the deadline by the end of November, seed cotton farmers sell rate of 63.3 percent, 11.7 percentage points year-on-year drop (of which 47.2 percent for the Mainland, representing a decrease of 25 percentage points; for 85.6 percent of Xinjiang to increase 5.6 percentage points); cotton The new cotton processing enterprises in the processing rate of 56.4 percent, 16.8 percentage points year-on-year decline; average sales rate of 15.5 percent, 17.8 percentage points year-on-year decline.

As of the end of Nov, 2008, the year of the new cotton Shouchu traded a total of 658,000 tons, accounting for the announced plan Shouchu (1,220,000 tons) of 54%. Xinjiang cotton which 537,000 tons, 121,000 tons of cotton in the Mainland.

Second, the cotton price bottomed out in the domestic market. In early 2008, 11 months, domestic cotton price continued to fall. 11 months after the end of the state policy Shouchu effect gradually, to restore market confidence, the domestic cotton market gradually pick up, purchase and sale prices bottomed out. In early domestic 3 seed cotton price 2.48 yuan / jin, to Nov. 18 fell to 2.3 yuan / jin, since stabilized stabilization by the end of November at 2.31 yuan / jin; early November, the mainland-class standards to the cotton plant are Price of 11,833 yuan / ton, to Nov. 26 fell to 10,658 yuan / ton, and since then began to rise, by the end of November rose to 10,677 yuan / ton. Zhengzhou cotton futures and the National Cotton Exchange electronic trading is also the first match after the fall of the pick-up in the trend. By the end of November, futures, e-together in January 2009 contract prices were 11250,10827 yuan / ton, respectively, compared to the lowest point in mid-pick-up 940,405 yuan / ton.

Third, the international market, cotton price fell sharply. In November 2008, the global financial crisis on the real economy to further expand the impact, including cotton and other commodities prices fell sharply. That same month, the New York futures December contract on average 42.78 cents / lb last month fell 7.79 cents / lb, or 15.4 percent. Asia’s major ports price 59.87 cents / lb last month fell 7.57 cents / lb, or 11.2 percent. By 1% tariff calculation, the cost of imports of discount of RMB 10,686 yuan / ton, down from the domestic market (on average 11,117 yuan / ton) 431 yuan / ton, 25 yuan to expand from the previous month price / ton; slip by quasi-tax basis, Fold the cost of imports of RMB 12,536 yuan / ton higher than 1420 yuan in the domestic market / ton, 700 yuan to expand from the previous month price / ton.

Fourth, cotton imports continued to decline. Textile exports affected by the poor, and cotton imports continued to decline for the month. According to customs statistics, in November 2008, China imported 76,000 tons of cotton, 26,000 tons reduction in the same period last year, or 25.2 percent; to reduce the ring than 33,000 tons, or 25.4 percent. 2008 January to November, China imported a total of 1,943,000 tons of cotton than in the same period in 2007 to reduce the 195,000 tons, or 9.1 percent.

Fifth, the production of the textile export growth slowed further. In November 2008, the National yarn production 1,884,000 tons, up 4.1 percent, an increase over the same period in 2007 decreased 9.8 percentage points. 2008 January-November, the National cumulative yarn output of 19,750,000 tons, up 9% increase over the same period in 2007 declined comment on this article (0) comments on other topics to launch (0) information about Community Wealth (0) 7.1 Percentage points. According to Customs statistics Express, in November 2008, Chinese textile and apparel exports 15,430,000,000 U.S. dollars, up 2.7 percent, an increase of 15.5 percentage points year-on-year decline. 2008 January-November, Chinese textile and apparel exports 169,150,000,000 U.S. dollars, up 8% increase over the same period in 2007 decreased 11.9 percentage points.

In November 2008, cotton yarn and polyester staple fiber prices continued to fall. Month, 32 carded cotton yarn on average 17,802 yuan / ton, down from the previous month 1553 yuan / ton, or 8%; average price of polyester staple fiber 7050 yuan / ton, down 2154 yuan / ton, or 23.4 percent. Mainland month-class standards and 32 cotton carded cotton yarn price for 6686 yuan / ton, with the price of polyester staple fiber 4066 yuan / ton.