Domestic Textile Enterprises: We Hope That The Government Will Increase Imports Of Cotton And Lower Market Prices.

Less than p ago, China's "a target=" _blank "href=" //www.sjfzxm.com/ "strong" > textile > /strong > /a > enterprises began lobbying the government to expand cotton imports, because it is difficult for them to find high-grade cotton in the country. If approved by the government, this will boost the prices of major export countries, such as the United States and Australia. But traders in the world's largest cotton importers are skeptical. They do not know whether Beijing agrees to increase import quotas. Meanwhile, domestic cotton reserves are still large under the active reserve plan. < /p >
< p > China strictly controls < a target= "_blank" href= "//www.sjfzxm.com/" > strong > cotton > /strong > /a > imports to support domestic growers, which makes it difficult for some textile enterprises to buy high-quality cotton that they need for the global "a" target= "/a", "the" and "clothing", and the quality of domestic high-quality cotton is limited. The increase in import quotas will boost international cotton prices. ICE's cotton contract fell 4% in December, the weakest quarter in a year because of worries about slowing economic growth in China. Textile mills also hope that the government will reduce the price of national cotton reserves from 21000 yuan to about 18000 yuan (2900 U.S. dollars) tons. The price of China is usually 40% higher than that of the international market, forcing many textile mills to suffer heavy losses. < /p >
Yang Shibin, vice president of the national textile and Garment Association, said: "this is a very serious problem, which has lasted for a long time." P He refers to the problem of restricting imports and higher domestic prices. "We hope you will use more cotton and more domestic cotton," he told reporters. This will stimulate cotton consumption. China's cotton reserves plan is closely monitored by the international market. At present, China's reserves are about half of world stock. < /p >
Earlier this year, Beijing promised to issue new import quotas to textile mills, allowing them to buy 3 tons of state reserve cotton and import 1 tons of overseas cotton every year. However, due to fierce competition from Asian textile mills, poor quality of national cotton reserves, and lack of certain grades of cotton, China textile mills hope to turn the ratio to 2 to 1. < /p >
< p > Yang Shibin said that the quality of cotton reserves in China is inconsistent, including stray fiber and chicken and duck feathers. He added that in June, the association submitted a proposal to the national development and Reform Commission of China's economic planning agency. But traders doubt whether the government will increase quotas. Founder merchant dealer Ma Jun said: "why do they have so much inventory and why they allowed the expansion of imports?" another trader said it was not clear when the quota could be increased. The new cotton in the United States had to wait until the end of October, and most of Leah cotton was signed. < /p >
< p > Beijing has said that it will end its sales activities in late July, but traders believe that Beijing may extend its sales activities to August and September, because Beijing has to get rid of old stocks before picking up new cotton in October. Since January this year, the number of sales provided by China has been 9 million 550 thousand tons. Up to July 3rd, only 28% or 2 million 650 thousand tons were sold. The cotton prices were high and the quality was poor, so that the textile factories did not want to participate in the auction. < /p >