Main Characteristics Of Cotton Imports At Jiangsu Port In November

In the 1-11 month of this year, Jiangsu Port imported 429 thousand tons of cotton, a decrease of 33.2% over the same period last year (5 billion 300 million), a decrease of 33.1%, and an average import price of 12 thousand yuan per ton, a slight increase of 0.1%. Among them, 11 thousand tons were imported in November, a decrease of 49.8%, a value of 130 million yuan, a decrease of 57.5%, and an average import price of 12 thousand yuan per ton, down 15.4%.

(1) November Import volume It has achieved a new low in 39 months, and the import average price continued to fluctuate slightly. The monthly import volume of cotton at Jiangsu port is still in the doldrums. Since August, it has declined sharply for 4 consecutive months. In November, 11 thousand tons of cotton were imported, a decrease of 13.9% in the month, and a new low since September 2011. At the same time, the cotton import ton price fluctuated at 12 thousand yuan, and the average import price in November was 12 thousand yuan per ton, down 6.1% in the month.

(two) imports under special customs supervision and processing trade have declined significantly. In November, the Jiangsu Port imported 6438 tons of cotton and reduced 26.1% by customs supervision. cotton 3728 tons, a decrease of 54.5%; the total amount of the above accounts for 93.6% of the total cotton imports at Jiangsu port in the same period. In the same period, Jiangsu The Port imported 693.8 tons of cotton and reduced 85.3% by way of general trade.

(three) Australia is the largest source of imports, and imports from Brazil and Zimbabwe have increased rapidly. In November, Jiangsu Port imported 6715 tons of cotton from Australia, a decrease of 36.4%, accounting for 61.8% of the total imports of cotton at Jiangsu port in the same period. Over the same period, imports from Brazil increased by 1175 tons, an increase of 71.2%; imports from Zimbabwe amounted to 1149 tons, and no imports were recorded during the same period last year.

(four) private enterprises accounted for nearly 8 of the total imports, and the import of state-owned enterprises and foreign-invested enterprises decreased significantly. In November, Jiangsu port private enterprises imported 8568 tons of cotton, a decrease of 24.1%, accounting for 78.9% of the total cotton imports at Jiangsu port in the same period. Over the same period, foreign-invested enterprises imported 1669 tons, a decrease of 72.6%, and state-owned enterprises imported 622.8 tons, reducing by 85.4%.

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The listed companies generally believe that chemical fiber is a kind of petroleum product. When the price of oil falls, the price of chemical fiber products will be reduced to a certain extent. However, the impact of oil price fluctuations on the prices of chemical fiber products is large, but it can not represent all.

In addition to the impact of oil prices, chemical fiber products are also constrained by many factors such as inventory and demand. Since 2014, the overall situation of China's textile industry is still more complicated. The economic recovery of the developed countries in Europe and the United States lacks strong support, and the rapid development of emerging economies such as ASEAN has obviously dropped.

Affected by this, the demand for chemical fiber products is decreasing, which directly causes the weaving enterprises to dare to produce products and cause too much inventory. Although the cost of raw materials is falling, the lack of demand makes it impossible for chemical fiber enterprises to profit from it.

Aiming at the trend of international crude oil prices in the coming period, Zhao Qingsong, general manager of Wujiang Jintong Textile Co., Ltd., said that international oil prices may still maintain a downward trend in the near future, or rebounded in the second half of 2015. He further said, "it is too early to predict the trend of a year or two years ahead, but the downturn in oil prices in the coming months or in the medium and short term should continue."

In addition to the impact of oil prices, chemical fiber fabrics are also constrained by inventory and demand. Although the decline in crude oil prices will reduce the cost of chemical fiber fabrics, but because of the decline in demand, fabric enterprises still have a hard time to profit from it.