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CHINA COTTON MARKET REPORT 1. Sources Say China Issues Cotton Import Quotas of 300,000 tons
As reliable sources, National Development and Reform Commission of China issues the cotton import quotas of 300,000 tons in the previous week for processing trade. By far, cotton import quotas all are released for the whole 2013, including tariff quotas, sliding-duty quotas for the general trade, which attached with the sales of released cotton reserves and extra quotas for the processing trade.

2. China Cotton Consumption and Inventory Data Chart (Oct. 2013)

China Cotton Consumption and Inventory Data Chart (Oct. 2013)

1. The cotton marketing year starts since 1st September to 31st August next year. 2. The data of beginning inventory and ending inventory includes that of the national reserved cotton, inventory of industry and commerce and imported cotton. 3. The data of imported cotton includes that of the imported cotton with customs clearance and the ones without clearance in the bonded areas. 4. Total amounts are shown rounded to the whole number.

3. China Cotton Industry Stocks Data (Oct.2013) 4.

According to the sample survey of the national cotton market monitoring system, the cotton stocks of the surveyed textile mills averagely afford to the consumption for 35 days (delivery at ports included), month-to-month growth of 7.4 days less and year-on-year growth of 0.5 days. As the estimation, national cotton industry inventory amounts to around 768,000 tons, month-tomonth growth of 17.4% down, year-on-year growth of 1.4% up. Cotton stockpile differs in various provinces, especially in Shanghai, Anhui and Hunan.

5. Cotton Warehousing of 153,000 tons in Qingdao Bonded Area as of End Sep.2013

Upon the data from Qingdao Bonded Area, the cotton inventory counts up to 153,000 tons, including Australian cotton of 60,000 tons, Indian cotton of 35,000 tons, Tanzania cotton of 4,000 tons and Uzbekistan cotton, as of the end of September 2013. In the last week of Sep., the delivery of Indian cotton increases sharply, up to over 8,000 tons; U.S. cotton remaining more than 1,000 tons. Regarding the price, American cotton basically keeps the similar level. Both Indian cotton and African cotton grow 0.3 percent, 93.3 cents up and 93.8 cents up.

6. Cotton Import Hits 700 million USD at Zhangjiagang Port

According to the statistics data from the Customs, the imported cotton amount accumulates to 372,000 tons, worthy 720 millions USD through Zhangjiagang Port in the first nine months. In recent year, the importing amount hits 500,000 tons annually at this port. Chinas cotton import falls compared with the previous month, affected by cotton reserves, the related policies, quotas, weak demand of the domestic textile industry as well as the increasing proposition of cotton consumption of southnorth Asian countries such as Bangladesh, Vietnam, Indonesia and Thailand over the global.

7. Cotton Prices:
Crop Origin year Grade Length Micronire Strength (MT) Shipment Price(USC/LB)

Australia

2013/14 MID

1-5/32 1-

3.5-4.9

29

500

Forward

99.35

Mexico

2012/13 T/SX SM)

1/16~13/32

3.5-4.9

N/A

102

Consignments

90.21

Brazil

2013

MID COMBER

1-3/32

3.5-4.9

27

700

Forward

92.70

Pakistan

N/A

NOIL T/PEPAK

N/A

N/A

N/A

500

Forward

63.38

India Greece

2013/14 S-6(SLM) 2012/13 SLM

1-1/8 1-1/8 1-1/8 1-1/32

3.5-4.9 3.5-4.9 4.0-4.9 3.5-4.9

28 N/A 30 N/A

500 458

Forward Consignments

86.50 92.00 97.80 87.50

Uzbekistan 2012/13 T/MASHA Argentina 2012 SLM

1000 Forward 76 Consignments

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