Cotton Production Increased By 20% &Nbsp In Advance; Spot Trading Fell Into A Downturn.

Monitoring of national cotton market constructed by China Cotton Reserve Management Corporation system Recently, cotton production in China was investigated in 2011, involving 15 cotton planting provinces (autonomous regions) and 87 cotton planting counties (cities and regiments). The survey results released yesterday showed that although the rainwater in the Yellow River and Yangtze River Basin was too much after August, it had a certain negative effect on cotton growth, but the whole cotton growth in the whole country was better. In 2011, cotton cultivation area in China increased by 79 million 417 thousand mu, an increase of 8.5% over the previous year, with an average yield of 95 kg per mu, an increase of 11.6%, and a total output of 7 million 548 thousand tons, an increase of 21.2%.

Judging from the recent market, sales of yarn and cloth are still sluggish, and textile enterprises stop and limit production. phenomenon As a result, the stock of finished goods remained high, and the promotion of cotton yarn prices continued to decline. The price of polyester staple fibers continued to decline as crude oil prices plummeted and downstream sales failed. Downstream textile procurement was weak, spot trading fell into a slump, cottonseed prices continued to decline, and cotton purchase and sale prices fell slightly. In European debt crisis Under continuous influence, China cotton reserve expects that the international cotton price will continue to run weak in the near future.