Cotton Imports Increased At Guangdong Port In The First 3 Quarters Of 2010.

First, the average import price is rising gradually.

Since the beginning of this year, the price of imported cotton at Guangdong port has been rising steadily, rising from 1542 US dollars per ton in January this year to 2007 US dollars per ton in September, the peak value of cotton import prices since last year.

Two, mainly in the general trade mode.

In the first 3 quarters of this year, 57 thousand tons of cotton imported by general trade at Guangdong port increased by 3.1 times, accounting for 52.3% of the total imports of cotton by Guangdong port in the same period.

Over the same period, imports of 42 thousand tons of processing trade increased 1.1 times, accounting for 38.5%.

Three, foreign-invested enterprises are the main force of importation.

In the first 3 quarters of this year,

Four, the United States and Australia are the main source of imports.

In the first 3 quarters of this year, 38 thousand tons of cotton were imported from the United States at Guangdong port, an increase of 55.9%, and 2.7 tons from 32 thousand tons in Australia.

The total imports from the above two sources accounted for 64.2% of the total cotton imports at the Guangdong port during the same period.

In addition, India and Africa imported 24 thousand tons and 11 thousand tons respectively, surging 7.1 times and 3.4 times respectively.

Guangdong province cotton

First, global cotton supply and demand are tight, supporting high cotton prices.

In the September cotton outlook report, USDA continued to reduce the end of the global cotton inventory.

After 4 consecutive years of decline in global cotton inventories, the end of 2010/2011 cotton inventory is expected to be 9 million 894 thousand tons, the lowest level in 14 years, and the global inventory consumption ratio of 38%, the lowest level in nearly 15 years.

Two, the domestic cotton production is reduced, and the contradiction between supply and demand is outstanding.

In the past 3 months, a number of provinces in southern China have suffered huge floods. This flood will lead to a reduction in cotton production by 5%~10% in China. In addition, last year, cotton production in Xinjiang and other main cotton producing areas decreased by nearly 1/4 due to climate disasters and other reasons, which further aggravated the contradiction between supply and demand imbalance.

According to the USDA (September) report, the output of 2010/2011 cotton in China has been reduced to 7 million 76 thousand tons, consumption is 10 million 886 thousand tons, and the gap is about 3 million 10 thousand tons, indicating that domestic cotton demand will be in a tight state for a long time.

Three, there is a strong demand for downstream industries.

Thanks to the global economic recovery, China's textile industry has been developing rapidly this year. According to the Ministry of industry and information technology, the output of yarn, cloth and clothing increased by 15.3%, 14.7% and 20.8%, respectively, in August this year, and the growth of chemical fiber increased by 9.2% over the same period last year.

In the 1-8 month, the added value of the textile industry increased by 12.2%, an increase of 3.7 percentage points [1] over the same period.

The rapid development of downstream industries has increased the demand for cotton.

It is noteworthy that higher domestic cotton prices will increase the pressure on downstream industries and reduce the profits of downstream enterprises, while the textile industry is an important industry in China.

At the same time, due to the low price impact of foreign cotton, domestic cotton farmers' low income and low enthusiasm for cotton planting have led to a decline in cotton planting area, which will affect the development of the whole industrial chain.

For this reason, suggestions are made: first, increase efforts to promote cotton cultivation through science and technology, strengthen the propagation of new varieties of fine varieties and promote new cotton planting techniques; two, further improve ancillary services, and support the cotton industry from funding subsidies for seed cotton, standardized management of markets, and protective price acquisition; three, strengthen macroeconomic regulation and control, pay close attention to price changes in international and domestic supply and demand markets, and maintain the basic stability of cotton prices through monitoring and early warning of cotton imports.