The Contracted Volume Of China's Textile Enterprises Has Significantly Declined.
Some large textile enterprises said that Outer cotton The focus of imports is mainly on high-grade cotton, Central Cotton (Uzbekistan cotton accounted for 80%) and India cotton with relatively good price performance. However, the shipping date of the US cotton in December is already full. Although the Ministry of Commerce of India announced the "free export" of cotton, the actual control of India's textile sector, the export tax of 2500 rupiah / ton has yet to be officially responded. policy It is possible to change face at any time.
At present, the December shipping date of several major international cotton traders is higher than that of West African cotton, basically equal to that of EMOT cotton in the United States. The Central Asian cotton basically has no quotations, especially Uzbekistan, a big exporter of cotton, which has been very low-key recently. On the one hand, the cotton producing area is drought, and the cotton output and grade are affected by different degrees. Some agencies believe that cotton production in India will be reduced by 30% in the 2010/11 year. On the other hand, the domestic cotton enterprises' demand for cotton in Uzbekistan is very stable in recent years. The import volume of Uzbekistan cotton in Jiangsu Zhangjiagang factory and Wuxi large factories accounts for more than 70% of its cotton demand. Therefore, most of them signed contracts for procurement with several Uzbekistan cotton export enterprises in 5 and June.
In August 22nd, the price of EMOTM class cotton in the main port free trade zone of China was concentrated at 93.10-93.30 cents / lb (12/1 shipping date). The India Shankar-6M grade cotton price was 93.40-93.60 cents / lb (11/12 shipping date), and the price of stanzstein M grade cotton in Uzbek was 96.40-96.60 cents / lb (12/1 shipping date). From the price point of view, under the sliding tariff, the net weight pick-up price of China cotton main and India cotton free trade zone is about 16600-16700 yuan / ton, which is about 300-500 yuan / ton less than Zheng cotton CF1101 contract.
Recently, some import traders reflected that there were few transactions on the market and the 1% tariff quotas. The first reason was that the cotton prices rose sharply, while the domestic cotton prices declined, and the spot price difference quickly narrowed. The price of the quasi tax quotas fell to 140-150 yuan / ton, and nearly two days had rebounded to 230-250 yuan / ton.
The two is that the quasi tax quotas are valid until December 31st, and the current US cotton and Central Asian cotton shipping dates are 12/1 months. Cotton mills are afraid that they will not be able to reach China's main port before the end of the year, so the enthusiasm for using them is not high. Three, some cotton spinning enterprises believe that the international economic situation has worsened, and the US dollar will be stronger in the later stage of the US dollar, and the trend of cotton weakening with global commodities is inevitable.
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