Cotton Chemical Fiber Price Increases Further Increase Demand For Cotton Market Is Expected To Increase

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< p > after undergoing a substantial increase in the 2010/11 year, many a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > enterprises have reduced the proportion of cotton blending and increased the amount of chemical fiber materials in spinning production. In early 2013, the price difference between cotton and chemical fiber increased further, and the price of chemical fiber dropped from 2013-14 cents 74-76 pounds to 65 cents / pound in April this year.

International cotton prices also rose to a high level of 99 cents / pound during the period, resulting in a huge price gap of 23 million 300 thousand tons of international cotton consumption in 2013/14.

However, the international market changed in July, and the A index dropped to 80 cents / pound, and the price of chemical fiber rose to 73 cents / pound.

In addition, cotton prices fell by 5 cents in the same period. Cotton prices also fell from 141 cents / pound to 126 cents a pound just a few weeks ago, due to falling international cotton prices and the return of China's policy guidance market.

Under the situation of shrinking price gap, it is estimated that the global consumption will increase by 5% to 24 million 500 thousand tons in the next year, and the consumption growth in Asia will be obvious. China is expected to increase 5% to 7 million 900 thousand tons, and India to increase 6% to 5 million 400 thousand tons. Other Asian countries are expected to increase 8% to 2 million 400 thousand tons.

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The global output of < p > 2014/15 is expected to be 25 million 500 thousand tons, lower than that of 26 million 100 thousand tons in 2013/14. However, due to the slow progress of India's monsoon activities in the second largest cotton producing countries, the progress of new flower planting and picking is lagging behind. ICAC expects that the next year's planting area in India is still about 11 million 400 thousand hectares. Although the monsoon has entered the domestic cotton area, its output and unit yield are unpredictable at present, and the output is expected to exceed 6 million tons. The output of China is nearly three times that of China, and its output is expected to be close to 6 million 200 thousand tons. The American cotton area has more rain this year, and the output is expected to increase from 23% to 3 million 500 thousand tons.

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The global trade volume in P > 2014/15 is projected to decrease by 12%, from the previous 9 million tons to 7 million 900 thousand tons, and China to 26% to 2 million 200 thousand tons.

As the sowing area of 2014/15 in India is expected to shrink compared with the same period last year, domestic demand is expected to increase and export surplus will be reduced.

India's exports dropped to 800 thousand tons, down nearly 50% from the same period last year.

The US cotton export volume is expected to increase by 9% to 2 million 500 thousand tons next year, due to the increase in demand for cotton and the increase in production.

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< p > 2013/14 China's a href= "//www.sjfzxm.com/news/index_q.asp" > reserve cotton < /a > 2 million 300 thousand tons of storage capacity, 37% of the total reserves, 38% less than the 3 million 700 thousand tons in the 2012/13 year.

In 2012/13, the average daily storage capacity of China's cotton reserves was 28 thousand and 600 tons, the average 43 thousand and 200 tons in the last two months of the year, the average daily output of 14 thousand and 500 tons in 2013/14, 12 thousand and 800 tons in the next two months, the estimated 11 million 400 thousand tons of China's cotton reserves and 11 million 900 thousand tons of final inventory, and the global stocks ending in China will increase from 6% to 8 million 600 thousand tons, the largest inventory since 2007/08.

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