Domestic And Foreign Cotton Price Difference Of 1000 Yuan &Nbsp; Cotton Enterprises Order Cotton Enthusiasm Is High.
Since June, domestic cotton enterprises have broken the rules and signed contracts for cotton supply outside the long term, which are concentrated in 10 and November.
Textile enterprises
The import quota of sliding tariff cotton should be used up before the end of the year; on the other hand, the growth of cotton, Central Asia cotton, West African cotton and Brazil cotton is very good, and the weather conditions are ideal. The quality of lint cotton is expected to be greatly improved.
As of July 19th, the port net weight of SM grade cotton was quoted at 85-90 cents / pound. After customs clearance, the price of RMB was around 16000 yuan / ton (with its own quota). At present, the price of Zhengzhou futures and commodity cotton electronic matching disk is still 16400-16700 yuan / ton, and the difference between domestic and foreign cotton is 1000 yuan / ton.
In 2010, new cotton flowers will be picked in September and will be listed in 10-11.
However, due to the limitation of processing capacity and shipping capacity, the international cotton traders have been cautious in sales since mid July. It is generally not certain that the new cotton will arrive in Hong Kong in the 11-12 month of this year. It will take about a month for the US cotton to arrive at the main port of China. Some domestic cotton mills will instead sign West African cotton and a small amount of Brazil cotton.
Australia cotton basically did not quote on the market. First, the users of domestic cotton in Australia were very stable. Most of the signed orders were completed in 5 and June. The two is that Australia cotton took the lead in advance, and most of the new cotton was just started to grow. The price fluctuated with the market fluctuation.
New cotton
Once listed, it is diverted by multiple channels.
India cotton side, although the India government still has not explicitly stated that the ban on cotton exports has been abolished since the year of 2010/11, and the policy of levying tariffs of 2500 rupiah / ton has not been adjusted, but most cotton traders believe that India cotton will have a bumper harvest in 2010/11, while the domestic cotton consumption in India is about 420-440 tons, and about 1 million 500 thousand tons of cotton need to export. Therefore, there are still a certain number of domestic cotton mills to sign the India cotton purchase contract with the international cotton traders.
The specific way is to not clear the paction price first, but follow it.
international
The adjustment of cotton price is very uncertain because the export tax and seed cotton purchase price of India have great uncertainty. Secondly, the risk of shipment will be partly borne by the seller instead of being completely solved by the seller. Because the India cotton shipments policy may change at any time, the delay in shipment will be a loss to both parties. It is not uncommon for the shipping date of 10/11 to be postponed to 12/1 months. Once again, the contract increases the restriction to the buyers and sellers. Once the India cotton export makes tax adjustment or postponed shipment, no one side can easily cancel the contract, but jointly resolve the problem and ensure that the paction is conducted orderly.
It is understood that the current foreign 2010/11 SM, M Shankar-6 Shankar-6 quotes concentrated in 84-88 cents / pound, the paction price slightly lower 1-2 cents / pound, the domestic cotton mill orders enthusiasm gradually increased.
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