Domestic Consumption Of Textiles And Clothing Continued To Recover And Export Increased Steadily

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The Ministry of agriculture and rural areas of China released an analysis report on the supply and demand situation of agricultural products: the picking, selling and processing of new cotton in China has basically ended, and there will be no adjustment in China's cotton production in 2020 / 21.

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Under the support of major strategic achievements in epidemic prevention and control and positive economic growth, domestic textile and clothing consumption continued to recover, and textile and clothing exports increased steadily.

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Since September 2020, the total export has reached 150.2 billion US dollars, an increase of 20.9% year-on-year. The downstream textile enterprises have sufficient orders and strong demand for raw materials. The market is generally optimistic about the future market. The consumption is increased by 100000 tons to 8.1 million tons, and the final inventory is reduced to 7.34 million tons. The forecast range of domestic cotton price is raised to 14000-16000 yuan per ton.

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With the obvious improvement trend of the epidemic situation and the support of loose monetary policy, global cotton consumption has recovered, and the international cotton price is still in the forecast range of 70-85 cents per pound.