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Retail sales of textiles and garments were sluggish. Exports increased slightly, and yarn sales remained stable overall.
1. The price of cotton inside and outside is strong. In June, the increase in spot transactions in the international market and the completion of the US cotton contract forecast ahead of schedule provide support for cotton prices. On June 21, 2016, the settlement price of the main contract of ICE Cotton Futures was 65.99 cents/lb, which was a quarter-on-quarter increase of 4.3 cents/lb, which was a 7% increase or 3.3% year-on-year. The International Cotton Index (M) was 73.56 cents/lb, up 3.4 cents/lb from the previous quarter, or 4.9%, and up 0.9% year-on-year. Based on a 1% tariff, the RMB import cost was 12,547 yuan/ton (the exchange rate was calculated at 6.5708). , Lower than the domestic market price of 54 yuan / ton, the price gap decreased by 395 yuan / ton compared with last month; according to sliding tax calculation, discounted RMB import costs 14146 yuan / ton, higher than the domestic market price of 1,545 yuan / ton, compared with the previous month to expand 164 yuan/ton.
In June, domestic cotton auctions were intense and spot prices kept rising. On June 21st, Zhengzhou Cotton Futures main contract settlement price was 13,435 yuan/ton, which was 5.2% higher than the previous month and 5.8% year-on-year; the national cotton price index (representing the white cotton grade 3 price in the Mainland) was 12,601 yuan/ton, which was higher than the previous month. 1.5%, down 3.8% year-on-year; State Reserve Cotton National Cotton auction price 12,192 yuan/ton, up 205 yuan/ton from the previous month.
In August, cotton imported 79,000 tons. According to statistics from the General Administration of Customs of China, in May 2016, China imported 79,000 tons of cotton, an increase of 0.9 million tons, an increase of 12.9%; a year-on-year decrease of 84,000 tons, a decrease of 51.7%; China's cumulative imports from January to May 2016 358,000 tons of cotton, a decrease of 414,000 tons, a decrease of 53.6%. From September 2015 to May 2016, China imported a total of 723,000 tons of cotton, a year-on-year decrease of 610,000 tons, a decrease of 45.8%.
3. Textile and apparel exports have increased slightly. According to the latest statistics from the General Administration of Customs of the People's Republic of China, in May 2016, China’s textile and apparel exports stood at US$23.516 billion, an increase of 12.74% from the previous quarter and a year-on-year increase of 0.53%. Among them, exports of textiles (including textile yarns, fabrics and articles) amounted to US$10.205 billion, up by 1.59 percent year-on-year; exports of apparel (including clothing and clothing accessories) were US$13.311 billion, a year-on-year decrease of 0.27 percent. From January to May in 2016, China's textile and apparel exports totaled 1.01016 billion U.S. dollars, a year-on-year decrease of 1.97%, of which cumulative textile exports were 43.325 billion U.S. dollars, down 0.03% year-on-year; cumulative apparel exports were 57.792 billion U.S. dollars, a year-on-year decrease of 3.19 percent. %.
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