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Cotlook&Nbsp; June Forecast: Near Future Status Of Cotton Producing Countries

2010/7/28 20:41:00 38

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Import and export situation of China: June

cotton

The total import volume is about 177000 tons, with an average import price of US $1834 / ton, which is 2.7% higher than that in May.

Textile exports in June hit a new high since July 2008, an increase of 43.9% over the same period last year.

Imports of textiles increased by 34.1% over the same period last year.

Turkmenistan: because of the good climate conditions, the overall growth of Turkmenistan cotton is better. The private sector estimates cotton production between 280000 tons and 300000 tons, and the official estimate is even higher.

Russia: imports of raw cotton: 4 and 5 February this year, Russia's raw cotton imports are about 25000 tons, making the import volume of 2009/2010 reach 163000 tons. By the end of July, Russia's raw cotton is expected to reach 163000.

Import volume

It will not exceed 170000-175000 tons, which means a decrease of 14% compared to the same period in 2008/2009.

Cotlook revised the estimate of cotton consumption in Russia to 148000 tons, a slight increase from the initial estimate, but it continued to decrease compared with last year.

Cotton market situation: cotton yarn production is expected to further reduce, in the past 10 months (as at the end of May), cotton production was only 109000 tons, compared with the same period last year, a decrease of 12%.

Cotton exports are scarce, and most of them are used domestically.

40% of the market demand depends on imports.

In the past 10 months, the import volume was about 74000 tons, a substantial increase compared to 53000 tons in the same period last year.

Pakistan: price fluctuations make buyers and sellers nervous.

In particular, continuous reports of rainy weather and unexpected disruption of seed cotton have led to a rise in cotton prices.

Imported

Demand continues, and some Shanker-6 cotton has sold 95 cents /lb.

During the period from August 1, 2009 to June 30, 2010, 966552 cotton bags (including 62029 bags of old cotton) were exported.

The price of polyester in China is basically maintained at 130/132 rupee / kg (about 69 to 70 cents /lb).

Exports are still maintained, and 20/21s and 30/32s cotton are sold to 590/610 dollars and 670/690 $400 per pack (400 lbs) respectively.

The government has yet to decide whether to extend the 15% export quota due to expire in July 26th.

India: influenced by exchange rate fluctuations (rupees weaken against the US dollar), the price in July 12th was less than 78 cents /lb, but as the rupee rose against the US dollar, it rose to 79 cents /lb today.

The price of cotton yarn has further declined, and the price of 30s cotton yarn is 3.35 US dollars / kg, down 10% from last month.

Egypt: as of July 10th, exports of 77214 tons, 3.5 times higher than the same period last year.

This week, Giza86 cotton exports increased to 521 tons, the price was 127 cents /lb, Giza88 221 tons, the price was 144 cents /lb, Giza70 250 tons, the price was 127 cents /lb.