Some evidence suggests that domestic cotton production to reduce supply shortages and high prices, could make China's exports of labor-intensive textile industry is facing big production and management difficulties.
In China, textile and garments from cotton production to processing, this chain of employment to absorb more than 100 million people.
According to the National Bureau of Statistics, the national cotton acreage this year than last year, a decrease of more than 2%, combined with the impact of disasters yields decline, the country's cotton harvest is not optimistic.
Last year, Xinjiang's cotton output cut tolls by 21.3% this year as being rain and snow, hail and other disasters, some cotton losses in the new year assessment of the specific cuts in progress. Cotton planting area accounts for about one-third of the national total.
Recently, prices in commodity markets dragged down by the debt crisis in Europe which have tumbled, the Chinese on the spot cotton price has scaled new heights.
Analysts pointed out that as India's major cotton exporting countries such as export controls, U.S., spot cotton in West Africa and Central Asia to reduce, resulting in strong global cotton prices, coupled with gains in the futures market investors bullish on cotton prices, have done more, but also help to keep cotton prices up momentum.
Chinese Ministry of Commerce research fellow, said Zhao Yumin, the global cotton production is declining dramatically and the recent strong revival in China's textile industry, cotton supply and demand tensions.
Since 2007/08, world cotton production cuts has been continuous, global cotton production fell to 26.56 million tons from the 22.4 million tons, down by 15.6% cumulative. The situation in 2010/11 is not optimistic.
Since the end of last year, international cotton prices have been on the rise Channel. Chinese cotton price index, the standard price of cotton this year in February from less than 15,000 yuan / ton up to 5 months of 16,638 yuan / ton.
Currently the average monthly domestic textile enterprises with a capacity of 885,000 tons of cotton to the new cotton market within 4 months before requiring a total of 3.54 million tons, which means that there is 430 thousand tons of the gap.
Qiao Linsheng cotton futures experts analyzed that the stock of cotton in China less than the spot market and reduction in business inventories around, making very difficult cotton prices fell.
The impact of rising cotton prices to the textile industry has been conducted. Hebei, a textile group was significantly difficult to buy cotton, cotton stock company can be the number of days left from the previous two weeks, down from the current 7 days. In China's largest small commodity wholesale market in Yiwu, cloth carrying cash is almost all line up to buy cloth.
China Textile Industry Association survey showed that since March this year, as cotton prices continued to rise, some smaller, less amount of money the company has stopped orders, one after another parking lot of the loom, operating rates are falling.
China's largest textile export base in Guangdong, although the January to April of textile exports up 11%, but the continuous trend of cotton prices has led to the export enterprises in the "customer protection" and "profit protection" dilemma between.
"The continuing rise in raw material prices, many textile enterprises are facing greater pressure on the operation." Guangdong Province Textile Association, said the Secretary-General Chen Sin micro.
She warned that the current global economic environment, taking into account the complex, rising cotton prices continued to make the textile industry may face new round of 'shuffle'.
Europe and the United States is China's largest textile and garment export destination. European debt crisis and reduced demand caused by a substantial depreciation of the euro against the yuan, China's textile enterprises greater impact on exports is likely to cause a decline in margins.
It is reported that China National Development and Reform Commission late last year, the first delegation of the 2010 quota of 1.894 million tons imported cotton, based on new imported cotton may be re-delegated quota to make up in September before the listing of new cotton supply gap in the market.
According to Chinese customs data, China's annual imports of more than 200 million tons of cotton. Market analysts believe that China's textile industry, raw materials supply situation is difficult to alleviate the short term.
China Cotton Association has issued a warning, should be concerned about the price of cotton and after-sales products, textile and garment export situation and the new annual cotton production, according to market changes and demand situation in the textile, research and issue an additional import quotas, while not ruled out taking other control measures stability of supply and demand.
Source "China Textile Network"
Editor: Yan Zhu
In China, textile and garments from cotton production to processing, this chain of employment to absorb more than 100 million people.
According to the National Bureau of Statistics, the national cotton acreage this year than last year, a decrease of more than 2%, combined with the impact of disasters yields decline, the country's cotton harvest is not optimistic.
Last year, Xinjiang's cotton output cut tolls by 21.3% this year as being rain and snow, hail and other disasters, some cotton losses in the new year assessment of the specific cuts in progress. Cotton planting area accounts for about one-third of the national total.
Recently, prices in commodity markets dragged down by the debt crisis in Europe which have tumbled, the Chinese on the spot cotton price has scaled new heights.
Analysts pointed out that as India's major cotton exporting countries such as export controls, U.S., spot cotton in West Africa and Central Asia to reduce, resulting in strong global cotton prices, coupled with gains in the futures market investors bullish on cotton prices, have done more, but also help to keep cotton prices up momentum.
Chinese Ministry of Commerce research fellow, said Zhao Yumin, the global cotton production is declining dramatically and the recent strong revival in China's textile industry, cotton supply and demand tensions.
Since 2007/08, world cotton production cuts has been continuous, global cotton production fell to 26.56 million tons from the 22.4 million tons, down by 15.6% cumulative. The situation in 2010/11 is not optimistic.
Since the end of last year, international cotton prices have been on the rise Channel. Chinese cotton price index, the standard price of cotton this year in February from less than 15,000 yuan / ton up to 5 months of 16,638 yuan / ton.
Currently the average monthly domestic textile enterprises with a capacity of 885,000 tons of cotton to the new cotton market within 4 months before requiring a total of 3.54 million tons, which means that there is 430 thousand tons of the gap.
Qiao Linsheng cotton futures experts analyzed that the stock of cotton in China less than the spot market and reduction in business inventories around, making very difficult cotton prices fell.
The impact of rising cotton prices to the textile industry has been conducted. Hebei, a textile group was significantly difficult to buy cotton, cotton stock company can be the number of days left from the previous two weeks, down from the current 7 days. In China's largest small commodity wholesale market in Yiwu, cloth carrying cash is almost all line up to buy cloth.
China Textile Industry Association survey showed that since March this year, as cotton prices continued to rise, some smaller, less amount of money the company has stopped orders, one after another parking lot of the loom, operating rates are falling.
China's largest textile export base in Guangdong, although the January to April of textile exports up 11%, but the continuous trend of cotton prices has led to the export enterprises in the "customer protection" and "profit protection" dilemma between.
"The continuing rise in raw material prices, many textile enterprises are facing greater pressure on the operation." Guangdong Province Textile Association, said the Secretary-General Chen Sin micro.
She warned that the current global economic environment, taking into account the complex, rising cotton prices continued to make the textile industry may face new round of 'shuffle'.
Europe and the United States is China's largest textile and garment export destination. European debt crisis and reduced demand caused by a substantial depreciation of the euro against the yuan, China's textile enterprises greater impact on exports is likely to cause a decline in margins.
It is reported that China National Development and Reform Commission late last year, the first delegation of the 2010 quota of 1.894 million tons imported cotton, based on new imported cotton may be re-delegated quota to make up in September before the listing of new cotton supply gap in the market.
According to Chinese customs data, China's annual imports of more than 200 million tons of cotton. Market analysts believe that China's textile industry, raw materials supply situation is difficult to alleviate the short term.
China Cotton Association has issued a warning, should be concerned about the price of cotton and after-sales products, textile and garment export situation and the new annual cotton production, according to market changes and demand situation in the textile, research and issue an additional import quotas, while not ruled out taking other control measures stability of supply and demand.
Source "China Textile Network"
Editor: Yan Zhu
time:2010/5/31
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