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China News and marker report

China News and marker report

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Published by cottontrade
China News and market repot
China News and market repot

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Published by: cottontrade on Oct 16, 2013
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10/17/2013

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(An ISO 9001: 2008 & AQSIQ Certified Agency)
CHINA COTTON MARKET REPORT1. Sources Say China Issues Cotton Import Quotas of 300,000 tons
 As reliable sources, National Development and Reform Commission of China issues the cottonimport quotas of 300,000 tons in the previous week for processing trade. By far, cotton importquotas all are released for the whole 2013, including tariff quotas, sliding-duty quotas for thegeneral trade, which attached with the sales of released cotton reserves and extra quotas for theprocessing trade.
2. China Cotton Consumption and Inventory Data Chart (Oct. 2013)
China Cotton Consumption and Inventory Data Chart (Oct. 2013)
 
 
1. The cotton marketing year starts since 1st September to 31st August next year.2. The data of beginning inventory and ending inventory includes that of the national reservedcotton, inventory of industry and commerce and imported cotton.3. The data of imported cotton includes that of the imported cotton with customs clearance and theones without clearance in the bonded areas.4. Total amounts are shown rounded to the whole number.
3. China Cotton Industry Stocks Data (Oct.2013)4.
 According to the sample survey of the national cotton market monitoring system, the cotton stocksof the surveyed textile mills averagely afford to the consumption for 35 days (delivery at portsincluded), month-to-month growth of 7.4 days less and year-on-year growth of 0.5 days. As the estimation, national cotton industry inventory amounts to around 768,000 tons, month-to-month growth of 17.4% down, year-on-year growth of 1.4% up. Cotton stockpile differs in variousprovinces, especially in Shanghai, Anhui and Hunan.
5. Cotton Warehousing of 153,000 tons in Qingdao Bonded Areaas of End Sep.2013
Upon the data from Qingdao Bonded Area, the cotton inventory counts up to 153,000 tons,including Australian cotton of 60,000 tons, Indian cotton of 35,000 tons, Tanzania cotton of 4,000tons and Uzbekistan cotton, as of the end of September 2013.In the last week of Sep., the delivery of Indian cotton increases sharply, up to over 8,000 tons; U.S.cotton remaining more than 1,000 tons. Regarding the price, American cotton basically keeps thesimilar level. Both Indian cotton and African cotton grow 0.3 percent, 93.3 cents up and 93.8 centsup.
 
 
6. Cotton Import Hits 700 million USD at Zhangjiagang Port
 According to the statistics data from the Customs, the imported cotton amount accumulates to372,000 tons, worthy 720 millions USD through Zhangjiagang Port in the first nine months.In recent year, the importing amount hits 500,000 tons annually at this port. China’s cotton importfalls compared with the previous month, affected by cotton reserves, the related policies, quotas,weak demand of the domestic textile industry as well as the increasing proposition of cottonconsumption of southnorth Asian countries such as Bangladesh, Vietnam, Indonesia and Thailandover the global.
7. Cotton Prices:
OriginCropyear Grade Length Micronire Strength (MT) Shipment Price(USC/LB)
 Australia
2013/14 MID 1-5/32 3.5-4.9 29500Forward99.35
Mexico
2012/13 T/SX
SM)
 1-1/16~1-3/323.5-4.9 N/A102Consignments90.21
Brazil
2013 MID 1-3/32 3.5-4.9 27700Forward92.70
Pakistan
N/ACOMBERNOILT/PEPAKN/A N/A N/A500Forward63.38
India
2013/14 S-6(SLM) 1-1/8 3.5-4.9 28500Forward86.50
Greece
2012/13 SLM 1-1/8 3.5-4.9 N/A458Consignments92.00
Uzbekistan
2012/13 T/MASHA 1-1/8 4.0-4.9 301000Forward97.80
 Argentina
2012 SLM 1-1/32 3.5-4.9 N/A76Consignments87.50

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