As cotton planting in Egypt, China, the United States and Israel in 2021 comes to an end, international cotton merchants and cotton spinning companies are gradually increasing their concerns about the supply capacity of the global medium- and long-staple cotton market in 2021/22; and The cotton textile and apparel industry is recovering rapidly under the premise that the economies of developed countries such as Europe and the United States are recovering strongly, the U.S. government’s strong monetary stimulus measures are still increasing, and the epidemic situation in Southeast Asian countries has stabilized. It is expected that the demand for medium-staple cotton, long-staple cotton, etc. will rebound significantly from the previous year. , the contradiction between supply and demand of medium and long cashmere may completely break out.
According to reports, due to factors such as income, drought, insufficient irrigation conditions, and cotton varieties, the planting area of long-staple cotton in the United States in 2021 and the planting area of Pima cotton in the western cotton region of the United States will increase significantly. Decline (preliminary statistics from the California Cotton Growers and Ginning Association show that the Pima cotton area in 2021 is only 91,000 acres; while there are only 7,000 acres of Pima cotton in Arizona); and according to statistics from a long-staple cotton seed company, Xinjiang cotton in 2021 The sales volume of long-staple cotton in the district has dropped by about 30% year-on-year. Compared with fine-staple cotton, the income is lower, machine harvesting cannot be realized and it takes more time and labor, and the number of hand-picked cotton gins has decreased. Farmers in the surrounding areas of Awati The main reason for reducing the planting of long-staple cotton (according to Cotlook’s calculations, the output of Pima cotton in the United States in 2020/21 is about 120,000 tons; the output of long-staple cotton in China is about 55,000 tons; the output of Egyptian long-staple cotton and super-long-staple cotton is about 50,000 tons tons, Israel’s total long-staple cotton output is about 8,000 tons; India’s long-staple cotton output is about 90,000 tons); the only good thing is that Egypt’s cotton sowing has ended in 2021, and the planting area of medium- and long-staple cotton has increased significantly compared with the previous year. Large, to a certain extent, it can make up for the supply gap caused by the decline in long-staple cotton planting area in the United States, China, India and other countries.
Judging from the cotton trade quotations in Qingdao, Zhangjiagang and other places, the customs clearance of American Pima cotton in 18/19 on June 10-11 was 21-2 48 (strong 40GPT, horse value G5 ) The fixed price is stable at 29,200-29,300 yuan/ton; while the quotation of American Pima cotton 21-2 50 (strong 41GPT, horse value G5) is as high as 30,300-30,500 yuan/ton. A cotton company in Huangdao said that currently there are very few Egypt Giza 86, Giza 88, and Giza 90 in China’s main ports, and the 2020/21 Pima cotton in the United States is only sporadically available, so inquiries and shipments are very deserted. On the one hand, the supply of bonded and customs-cleared long-staple cotton at ports is very small, and cotton spinning companies and middlemen have little room to choose goods; on the other hand, there are severe expectations for the global long-staple cotton supply situation in 2020/21 and 2021/22 and European and American monetary policies. Commodities triggered by continued easing are still on an upward path, so US long-staple cotton exporters and traders have a more prominent mentality of holding on to their goods. </p
