On July 29th, on the market information exchange meeting for national cotton supply and demand in Dezhou of Shandong, some international cotton dealers talked about their ideas on international market situation and development trend.
This man expressed, the global cotton output in 2005/06 is 24.80 million tons, it is estimated that the output in the second half year will be 24.90 million tons, among which, Chinese cotton output is anticipated to increase from 5.7 million tons to 6 million tons, the growth rate is 5%; and the cotton output in the US may reduce from 5.2 million tons to 4.5 million tons, the reduce rate is 14.2%. In addition, it is estimated that the term end storage of global cotton in 2006/07 would be reduced at a certain degree.
When talking about the trend of global cotton prices, this man thinks that the petroleum market keeps price up, which will cause the price of polyester staple rise continuously, and considers that the international cotton price has been always lower than that of polyester staple, the high price of polyester staple will stimulate the consumption of cotton to be increased, the demand in China's market is specially well
