Monthly Report: Annual Demand is Strong and Cotton Prices have Risen Sharply (Aug. 2021)

Source:China Cotton Association  Date: 23/September/2021

Monthly Report: Annual Demand is Strong and Cotton Prices have Risen Sharply (Aug. 2021)

In 2020/21, the textile production and sales will continue to improve steadily. The off-season market is not weak, enterprises have sufficient orders, and the operating rate has maintained a high level. The strong demand for cotton has driven domestic cotton prices to continue to rise, setting a new high since 2014. cotton reserves are rotated in an orderly manner, import quotas are issued in a timely manner, imports have increased substantially, cotton production remains stable, and market supply is relatively abundant.

In August, the textile market remained stable, domestic cotton prices continued to rise, and all the cotton reserves continued to be traded. Commercial inventories declined and industrial inventories increased steadily. According to the CCAs forecast, the total cotton output in 2021/22 was 5.834 million tons, down 1.52% year-on-year; consumption and imports remained stable at 8.43 million tons and 2.75 million tons, the ending stock was adjusted to 8.291 million tons. A year-on-year increase of 1.8%.

China Cotton Supply and Demand Balance Sheet (Sep. 2021)      Million tons

Year

Begining Stock

Production

Import

Consumption

Export

Ending Stock

2021/22

814.7

583.4

275

843

1

829.1

2020/21

790.52

592.37

274.66

842.6

0.25

814.7

2019/20

807.51

590.57

160

765

2.56

790.52

 

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