Home / Knowledge / News / Textiles / China's domestic cotton market remains stable in June
China's domestic cotton market remains stable in June
25
Jul '13
In June 2013, China’s domestic cotton market remained stable, while international cotton spot prices fell.
 
The average price of Mainland standard grade lint was 19,280 yuan/ton last month, down 20 yuan/ton or 0.1 percent from the previous month. The price of Xinjiang standard grade lint was 19,504 yuan/ton, unchanged from May 2013. 
 
The Zhengzhou cotton futures July contract settlement price was 19,916 yuan/ton, up 66 yuan/ton or 0.3 percent from last month. The July contract price in national cotton trading market electronic trading was 18,919 yuan/ton, down 591 yuan/ton or 3 percent from the previous month.
 
The sale from cotton reserves in June was 609,000 tons, an increase of 13,000 tons over the previous month. As of June-end the total sales from cotton reserves stood at 2.513 million tons.
 
In June 2013, international market spot price of cotton fell due to decline in imports of US cotton and other factors. The price of imported cotton at Chinese main ports, calculated at 1 percent tariff, was 14,761 yuan/ton, down 177 yuan/ton or 1.2 percent from the previous month.
 
When calculated on sliding tax basis, the price of imported cotton worked out to 15,629 yuan/ton, down 130 yuan/ton or 0.8 percent from May 2013.
 
Meanwhile, the New York cotton futures announced its July contract settlement price at 85.67 cents/lb, showing a rise of 1.02 cents/lb or 1.2 percent over May settlement price. 
 
In June, China imported 270,000 tons of cotton, showing a decrease of 43.3 percent year-on-year, according to Customs statistics.
 
During the month, China produced 3.044 million tons of yarn, up 5.5 percent year-on-year, according to the National Bureau of Statistics.
 
The average price of 32s cotton carded yarn was 25,910 yuan/ton last month, showing a dip of 23 yuan/ton or 0.1 percent.
 

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search