Hebei cotton prices continue to climb to a new high of ten years

As the prices of many bulk agricultural products are rising, “hot money” has also “developed” cotton with stable prices and sufficient potential for several years. Cotton, which opened in September, has also embarked on a frenzy of "no return." Today, the price of cotton in Hebei has reached a record high for ten years. This is the 16th, the reporter learned from the Cotton Association of Hebei Province and the sixth session of cotton supply and demand convergence meeting to understand the situation. Zhang Yanhui, director of the Council of Supply and Marketing Cooperatives of Hebei Province, said that Hebei's cotton spinning industry is an important symbol of China's modernization, and our province has always been the main producing area of ​​cotton. In the second half of September, the cotton market rose sharply across the board, gradually deviating from people’s judgment……

Number: "70 days of listing, up 70%"

Since March of this year, due to domestic cotton production cuts and rising international cotton prices, domestic cotton prices have continued to rise, especially since mid-September, cotton stocks have been placed at auctions, and the price of splicing has soared. This has driven the purchase price of new cotton up sharply.

The reporter learned from the “China Cotton Outlook Report” that the purchase price of seed cotton has hit a record high since the beginning of the year in September, and has continued to rise since then. According to the latest data, on October 15th, the reference price for Chinese cotton purchases was 5.71 yuan/kg, which was 1.52 yuan/kg higher than 4.191 yuan/kg on September 15, and the cost of acquisitions rose from 18224 yuan/ton to 24877 yuan/ton. It rose 6653 yuan / ton, more than 1,000 yuan in cash over the same period.

The price of monthly cotton was accelerating, with the price index at 24,177 yuan/ton. On September 15, the price index rose to 5,579 yuan/ton. Looking at the region, the price and height of lint prices in Hebei Province ranks first in all provinces during the month. October 15. On the other hand, the lint grades 329 and 429 had reached 25,319 yuan/ton and 24,206 yuan/ton respectively, up about 35% from the same period of last month. Information from the Provincial Price Bureau also shows that the current cotton price has exceeded the peak value of cotton prices in October 2003, the highest level in ten years.

“The cotton has been listed for 70 days. From the beginning of 18,000 yuan, it has exceeded 31,000 yuan on the 11th of this month. The purchase price of cotton has risen by 70%. In the face of the cotton market, which has been sluggish, this is the 'high price' cotton.” . Shi Jianli, vice president of the China Cotton Association, said.

Reasons: Domestic and international stock exchanges erroneously reduce the overall supply of cotton, "Hebei Province probably reduced production by more than 20%, and Shandong reduced production by more than 10%. The overall situation is the reduction of production in the north and the increase in production in the south," said the Shi Jianping Committee. In 2009, the low cotton prices and low-yielding conditions in the domestic market affected the enthusiasm for planting cotton farmers, resulting in a decline in cotton planting area this year. At the same time, delays in sowing this year and frequent occurrence of severe weather have also affected the yield and quality of cotton. In addition, due to the general rise in food prices this year, cotton farmers have higher expectations for cotton prices, high-priced opening and rapid increase, so that farmers reluctant to sell psychologically. “On an interview with a Shandong cotton farmer, people say that they don’t give 7 yuan per kilogram.” said Lei Xiangju, general manager of the Central Reserve Cotton Management Corporation.

产 Expansion of cotton production and demand gap With the recovery of domestic and foreign economies, there has been a good momentum of development in China's domestic and foreign textile markets this year. The rapid development of the domestic textile industry has led to an increase in the domestic demand for cotton. Statistics from the National Bureau of Statistics show that from January to September, the retail sales of clothing, shoes, hats, and needle textiles in China have increased by 24.0% year-on-year. Exports of textiles and garments also continued to show good momentum. According to statistics from the General Administration of Customs, from January to August this year, China’s garment exports reached US$80.29 billion, an increase of 19%; exports of textile yarns, fabrics and products were US$49.51 billion, an increase of 32.3%.

棉 In the international market, the price of cotton has soared. Since the beginning of this year, the price of cotton in the international market has entered a rising channel, showing a continuous upward trend. According to statistics, on October 25-29, the average price of cotton on the New York Mercantile Exchange was $2,527 per ton, which was 13.6% higher than the average price on September 10-14 and 54.5% higher than the average price on January 4-8. . The sharp increase in cotton prices in the international market has produced a strong pull for the domestic market and spot market cotton prices. The fourth is speculation funds speculation. By the appreciation of the renminbi and news reports, "La Niña" phenomenon may bring hurricane, heavy rain and severe cold in the winter this year, and a large number of hot money into the cotton **.