In April, China’s domestic cotton soared, causing imports of cotton to increase again. According to statistics from the General Administration of Customs of China, in April 2016, China imported 70,000 tons of cotton, an increase of 21,100 tons, an increase of 20.90%, and a year-on-year decrease of 9.06. Ten thousand tons, a decrease of 56.41%; from January to April 2016, China's total imports of 279,700 tons of cotton, a decrease of 329,100 tons, a decrease of 54.05%. From September 2015 to April 2016, China imported 645,400 tons of cotton, a decrease of 524,800 tons, a decrease of 44.85%.
On May 5, 2016, the 119th Canton Fair concluded in Guangzhou. The cumulative export turnover was 182.228 billion yuan, an increase of 0.1% over the spring of 2015. This is the first time that the export volume of the five consecutive Canton Fairs in the past three years and the number of overseas buyers participating in the conference have “doubledâ€. Among them, the turnover of textile and apparel exhibition areas reached US$401 million, a decrease of 7.54% from the previous quarter and a year-on-year increase of 6.88%. Under the general environment of weak market demand and weakened export competitive advantage, it has played an important role in maintaining the stability of textile and garment exports. The new orders index of the cotton textile industry also continued to rise in April, and the recovery of the low point in the cotton spinning industry also provided support for the cotton market outlook.
In terms of growth, planting work in Xinjiang and the Yellow River basin area was basically completed in early May. The nursery in the Yangtze River Basin was completed and large-scale transplants were initiated in mid-May. At present, most Xinjiang cotton plants enter the fifth true leaf stage, and some even enter the bud. The meteorological observatories throughout Xinjiang issued a total of 13 meteorological disaster warning information, including high winds, heavy rain, dust, and lightning. Rainfall was widespread across northern Xinjiang, with heavy rain in some areas and sandstorms in southern Xinjiang. This meteorological disaster caused varying degrees of damage in Xinjiang's cotton-planting areas. Therefore, on the whole, the domestic supply of cotton fell during the new season and continued to focus on the growth of new cotton.
New cotton production is expected to decline in 2016. According to statistics, the country's cotton planting area is 42.61 million mu, which is 9% lower than last year, and the rate of increase has increased by 1 percentage point from the previous month. The actual broadcast area in Xinjiang has stabilized at 30.5 million mu, a year-on-year decrease of 5%; the sown area in the mainland is 12.11 million mu. The year-on-year decrease of 16% was a 2% increase from the previous month, mainly due to the increase in the area of ​​actual broadcast in the Yellow River Basin. According to the estimation of average yield per province in the past three years, the total national cotton output in 2016 is expected to reach 4.6 million tons, a year-on-year decrease of 2%; of which, the total output in Xinjiang is 3.69 million tons, an increase of 4% year-on-year; the total production in the mainland is 910 thousand tons, a year-on-year decrease of 20%.
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