Last Month Garment Exports Increased By 48.3%, And The Cotton Market Was Running Smoothly.

2008/4/24 16:36:00 38

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Last Month Clothing Exports Increased By 48.3%And The Cotton Market Was Running Smoothly.

The monthly report of the cotton market released yesterday by the national development and Reform Commission showed that in March, China's yarn production was 1 million 760 thousand tons, an increase of 12.4% over the same period last year, and imports of cotton 213 thousand tons, down 17.7% compared with the same period last year. Textile and clothing exports were 11 billion 800 million US dollars, up 48.3% over the same period last year.

In the first quarter of this year, China's textile and clothing exports were 37 billion 400 million US dollars, an increase of 19.4% over the same period last year. Last September to March this year, the total exports of textiles and clothing totaled 99 billion 600 million US dollars, up 18.7% over the same period last year.

The report said that in March, the domestic cotton purchase and sale were normal, and the cotton market was basically stable.

According to the national cotton market monitoring system, as of the end of March, the cumulative sale rate of seed cotton was 95.9%, an increase of 1.3 percentage points compared with the same period last year. The cotton processing enterprise's new cotton processing rate was 94.9%, an increase of 0.3 percentage points compared to the same period last year; the average sales rate was 65.7%, down 0.9 percentage points compared with the same period last year.

In March, the average price of the standard grade cotton to the factory was 13921 yuan / ton, up 1% in March. The contract price of the national cotton trading market was 14683 yuan / ton in May, 2.5% higher than that in the cotton market, and the price of cotton futures in May was 14875 yuan / ton, which rose 2.9%.

And international cotton prices are rising strongly.

In March, the average price of New York cotton futures contract in May was 77.75 cents / pound, up 8.7%.

The Asian main ports' CIF (M) 81.11 cents / pound, up 5.5%.

According to the 1% tariff, the cost of import of RMB is 14639 yuan / ton, which is 718 yuan / ton higher than that of the domestic market, and the spread is 228 yuan / ton from last month. According to the sliding tax, the cost of import is 14998 yuan / ton, which is higher than the domestic market 1220 yuan / ton, and the price difference expanded 298 yuan / ton from last month.

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