储备棉投放成交继续下降，棉花价格回落幅度加大。受需求不足、资金短缺及后市风险增加等多种因素影响，纺织企业库存压至*低水平，竞买储 备棉更为谨慎，成交量持续下降，全月累计成交26.15万吨，环比下降6.2%。截止7月底，储备棉投放累计成交232万吨。现货市场成交更加清淡，在国 际和期货带动下，现货价格跌幅有所加大,中国棉花价格指数（CC Index3128B）月平均17241元/吨，环比下跌130元。商品棉周转库存再创新低，中国棉花协会监测，截至7月底，全国商品棉周转库存总量约为 13.9万吨，较上月减少6.3万吨。
国际棉价跌幅更大，进口棉数量增加。7月国际棉价跌幅大于国内，内外棉价差再度拉大，保税区棉花进口量大幅增加，带动进口棉数量环比增长。7月进口棉花28万吨，环比增长28.4%，进口以澳大利亚棉花为主。
后道产品价格跌速加快，纺织行业运行更加困难。在棉花价格下跌带动下，纺织品价格跌幅更大，产成品库存增长，部分企业恐慌性抛售，关停企 业数量进一步增加。但从统计数据看，主要指标仍以增长为主，国家统计局统计，今年1－7月纱产量 2173万吨，同比增长9.1%；纺织品服装出口增速加快，海关统计，1－7月纺织品服装出口金额累计1628亿美元，同比增长5.2%。同期，我国棉纱 进口量由正转负，前7个月累计进口114万吨，同比下降1.7%。
7月，中国棉花协会召开新年度棉花座谈会，并赴新疆、湖北、山东和安徽等地调研，各地反映，棉花长势总体良好，对后市预计普遍悲观，急盼调控政策尽早明确。8月底，新棉已开始零星上市，建议棉农和企业及时关注政策动态，熟悉政策细节。新疆棉农适时交售，保证及时拿到相应补贴；企业做好经营决策，适时入市收购。
The year 2013 is near the end, both buying and selling to new year market is expected to decline further in July, and the cotton price declines have intensified. From an international perspective, the bad news, the market continued to fall sharply, stock prices fell below 80 cents / lb, futures price lowest approaching 60 cents / pound, and over the years the new low; from the domestic perspective, textile product prices continued to fall, textile enterprises purchasing intention more in the doldrums, cotton reserve volume has decreased, Zhengzhou futures and electronic set the main contract price fell to 14000 yuan / tons, drive the stock price continued to fall, prices dropped below the reserve cotton. New cotton market, Xinjiang price target implementation plan has not yet been introduced, acquisition of companies are in a wait state, the cautious attitude, the acquisition of new relatively in former years delay, the urgent policy on as early as possible, to the market to stabilize expectations.
Cotton grows better, is expected to obtain the abundant harvest. According to the Xinjiang cotton area of verification, Chinese Cotton Association national cotton area to 63400000 acres, down 9.4% yoy. In July the national cotton in blossom period, Xinjiang light and temperature condition is good, growth improved obviously, the mainland part of cotton although by drought, strong rain disasters, but the overall growth of normal. As of late 7, national cotton growing well, the country is expected to total output of 6730000 tons.
Cotton reserves on the turnover continued to decline, cotton prices increase. The lack of demand, the shortage of funds and increased risk of having many other factors, textile enterprises inventory to a minimum level, for the reserve cotton more cautious, turnover continued to decline, the monthly accumulated turnover of 261500 tons, a decline of 6.2%. As of late 7, cotton reserves on the accumulated turnover of 2320000 tons. The spot market transactions more light, in the international futures lead, spot price decline has increased, Chinese cotton price index (CC Index3128B) on average 17241 yuan / tons, annulus comparing fell 130 yuan. Commodity cotton inventory low again, Chinese Cotton Association monitoring, as of the end of 7, the national commodity cotton turnover total inventory of about 139000 tons, 63000 tons less than last month.
The international cotton prices decline, the increase in the number of imported cotton. In July the international cotton prices fell more than domestic, mianjia difference inside and outside the larger, the bonded area of cotton imports increased sharply, the number of imported cotton growth. Imported 280000 tons of cotton in July, annulus comparing grows 28.4%, imports of Australian cotton.
After the product prices fall speed is accelerated, the textile industry operation more difficult. The fall in cotton prices driven, textile prices decline, finished goods inventory growth, some enterprises panic selling, shutting down enterprises to further increase the number of. But look from statistical data, the main index continued to increase, the National Bureau of statistics, from January to July this year yarn production 21730000 tons, an increase of 9.1%; textile and clothing export growth to accelerate, customs statistics, from January to July textile and apparel exports amounted to $152 0173 38400, an increase of 5.2%. Over the same period, China's cotton imports from positive to negative, the first 7 months of total imports 1140000 tons, down 1.7% yoy.
In July, China Cotton Association held a new year cotton forum, and went to Xinjiang, Hubei, Shandong and Anhui and other research, all reflect the cotton growth, overall is good, the market outlook is expected to generally pessimistic, anxious to control policy as soon as possible a clear. At the end of 8, has been sporadic Xinmian listed, recommends that the cotton farmers and enterprises timely attention to policy dynamics, familiar with the details of policy. Xinjiang farmers to sell, ensure timely get the corresponding subsidy; enterprises to make business decisions, timely acquisition.
