The year 2013 is near the end, both buying and selling to new year market is expected to decline further in July, and the cotton price declines have intensified. From an international perspective, the bad news, the market continued to fall sharply, stock prices fell below 80 cents / lb, futures price lowest approaching 60 cents / pound, and over the years the new low; from the domestic perspective, textile product prices continued to fall, textile enterprises purchasing intention more in the doldrums, cotton reserve volume has decreased, Zhengzhou futures and electronic set the main contract price fell to 14000 yuan / tons, drive the stock price continued to fall, prices dropped below the reserve cotton. New cotton market, Xinjiang price target implementation plan has not yet been introduced, acquisition of companies are in a wait state, the cautious attitude, the acquisition of new relatively in former years delay, the urgent policy on as early as possible, to the market to stabilize expectations.

Cotton grows better, is expected to obtain the abundant harvest. According to the Xinjiang cotton area of verification, Chinese Cotton Association national cotton area to 63400000 acres, down 9.4% yoy. In July the national cotton in blossom period, Xinjiang light and temperature condition is good, growth improved obviously, the mainland part of cotton although by drought, strong rain disasters, but the overall growth of normal. As of late 7, national cotton growing well, the country is expected to total output of 6730000 tons.

Cotton reserves on the turnover continued to decline, cotton prices increase. The lack of demand, the shortage of funds and increased risk of having many other factors, textile enterprises inventory to a minimum level, for the reserve cotton more cautious, turnover continued to decline, the monthly accumulated turnover of 261500 tons, a decline of 6.2%. As of late 7, cotton reserves on the accumulated turnover of 2320000 tons. The spot market transactions more light, in the international futures lead, spot price decline has increased, Chinese cotton price index (CC Index3128B) on average 17241 yuan / tons, annulus comparing fell 130 yuan. Commodity cotton inventory low again, Chinese Cotton Association monitoring, as of the end of 7, the national commodity cotton turnover total inventory of about 139000 tons, 63000 tons less than last month.

The international cotton prices decline, the increase in the number of imported cotton. In July the international cotton prices fell more than domestic, mianjia difference inside and outside the larger, the bonded area of cotton imports increased sharply, the number of imported cotton growth. Imported 280000 tons of cotton in July, annulus comparing grows 28.4%, imports of Australian cotton.

After the product prices fall speed is accelerated, the textile industry operation more difficult. The fall in cotton prices driven, textile prices decline, finished goods inventory growth, some enterprises panic selling, shutting down enterprises to further increase the number of. But look from statistical data, the main index continued to increase, the National Bureau of statistics, from January to July this year yarn production 21730000 tons, an increase of 9.1%; textile and clothing export growth to accelerate, customs statistics, from January to July textile and apparel exports amounted to $152 0173 38400, an increase of 5.2%. Over the same period, China's cotton imports from positive to negative, the first 7 months of total imports 1140000 tons, down 1.7% yoy.

In July, China Cotton Association held a new year cotton forum, and went to Xinjiang, Hubei, Shandong and Anhui and other research, all reflect the cotton growth, overall is good, the market outlook is expected to generally pessimistic, anxious to control policy as soon as possible a clear. At the end of 8, has been sporadic Xinmian listed, recommends that the cotton farmers and enterprises timely attention to policy dynamics, familiar with the details of policy. Xinjiang farmers to sell, ensure timely get the corresponding subsidy; enterprises to make business decisions, timely acquisition.