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The Latest Market Trend of Cotton Price in 2023
In September 2023, cotton prices at home and abroad fluctuated within a narrow range. At the end of the month, the price dropped slightly from the previous month, and the price of cotton yarn fluctuated weakly. According to the latest data released by the International Cotton Advisory Committee, in 2023/24, global cotton production decreased slightly, while consumption increased slightly.

According to the data released by the International Cotton Advisory Committee (ICAC) in June 2023, the global cotton inventory in early 2023/24 was 2 1.24 million tons, an increase of1.22 million tons from the previous month and 1.83 million tons from the same period last year. The output was 24.98 million tons, a decrease of 90,000 tons from the previous month and a year-on-year increase of 360,000 tons. The consumption was 233,654.38 million tons, an increase of 654.38 million tons from the previous month and a decrease of140,000 tons year-on-year.

The inventory at the end of the period was 22.92 million tons, a decrease of 60,000 tons from the previous month and an increase of 1.68 million tons year-on-year. The inventory consumption rate at the end of the period was 98.33%, down 0.68 percentage points from last month and up 7.75 percentage points year-on-year. According to the estimated domestic cotton output of 6.05 million tons (predicted by the national cotton market monitoring system in September 2023), as of June 7 10, a total of 754,000 tons of seed cotton were picked nationwide, a decrease of 2140,000 tons year-on-year.

supply-demand situation

A total of 24 1 10,000 tons of seed cotton folded lint was sold, a year-on-year decrease of 64,000 tons. A total of 76,000 tons of lint was processed, a year-on-year decrease of 6.5438+0.9 million tons. In August, 2023, China's spinning output was 6,543.8+0.872 million tons, a year-on-year decrease of 300,000 tons, with a decrease of 654.38+03.8%. From September 2022 to August 2023, China's cumulative spinning output was 24.528 million tons, a year-on-year decrease of 3.225 million tons, a decrease of 1 1.6%.

In August 2023, China imported cotton1750,000 tons, an increase of 68,000 tons or 62.9%. From September 2022 to August 2023, China imported cotton1424,500 tons, with a cumulative year-on-year decrease of 304,000 tons and a cumulative year-on-year decrease of 17.6%. From September, 2022 to August, 2023, the main countries of cotton import in China were the United States (50.3%), Brazil (30.7%) and Australia (8%).