Jiangsu Cotton Market Downturn, Cotton Quality And Price Decline

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Xiaobian network to introduce to you that Jiangsu's cotton market is in a doldrums, cotton quality and price down.

This year, the cotton spot market in Jiangsu has been in a doldrums. Quality, quantity and price are in a downward trend. Especially since May, cotton prices at home and abroad have dropped all the way, and the current decline is nearly 4000 yuan / ton.

17, the Jiangsu entry exit inspection and Quarantine Bureau statistics show that as early as November, the Bureau inspected 2295 batches of imported cotton, weighing 70.03 tons, with a value of $1 billion 456 million, compared with the same period last year, reducing the weight by 40.4% and reducing the value of goods by 31.2%.

Next year, our import cotton will only issue tariff quotas, and the number of imports will further decline.

This year, the cotton spot market in Jiangsu has been in a doldrums. Quality, quantity and price are in a downward trend. Especially since May, cotton prices at home and abroad have dropped all the way, and the current decline is nearly 4000 yuan / ton.

Cotton in China

Cotton textile enterprises tend to import cotton yarns more directly than foreign cotton prices.

Moreover, as the downstream textile mills and garment factories are in a slump, they are faced with stock pressure and lack of general start-up.

As the largest importer of cotton in the world, any change in China's demand for international cotton will affect the cotton trade situation. Therefore, since May, the price of China's imported cotton has begun to decline.

In May, the average price of imported cotton in China was 15500 yuan / ton, and it dropped to 11500 yuan / ton in November 8th this year, a decrease of 26%.

123 the Jiangsu inspection and Quarantine Bureau reminded that the price of imported cotton dropped sharply, which directly led to a decline in the quality of imported cotton.

This year, the Jiangsu inspection and Quarantine Bureau found that the overall average rate of non conformity of imported cotton grades was 10.61%, an increase of 2.27% over the same period, and the overall average rate of non conformity was 7.66%, an increase of 2.27% over the same period. The overall average rate of non conformity of the micron value was 4.51%, down 2.59 percentage points from the same period last year.

The overall average rate of non conformity was 4.04%, up 0.97% over the same period last year.

The cotton quality of three countries, including 79.5% of Jiangsu's cotton imports, has declined to varying degrees in three countries.

Among them, the average rate of non conformity of cotton grades in the United States increased by 5.23 percentage points, the average length of non conformity rate increased by 2.88 percentage points, the average non conformity rate of cotton in India increased by 2.05 percentage points, the length of non conformity rate increased by 4.54 percentage points, and the Australian cotton grade non conformity rate increased by 7.36 percentage points.

To this end, Jiangsu inspection and Quarantine Bureau reminded that China's import cotton enterprises should be highly vigilant against foreign suppliers' shoddy behavior, strictly sign contract terms, and guard against fraud.

Once imported

If the quality and weight do not meet the requirements of the contract, the inspection and quarantine department shall promptly seek help and guidance from the inspection and quarantine department, and recover the losses according to the claim certificates issued by the inspection and quarantine department.