Spot Prices Of Imported Cotton Fell By &Nbsp; Textile Companies Waited For New Cotton.

It is reported that as cotton traders and analysts have increased the bearish mood of ICE futures from 11 to December, the USDA report is negative and there will be a large number of 2011/12 cotton and India cotton coming to Hong Kong in early November, and Xinjiang cotton will also have high-grade lint transport to the mainland in November.

On 15 and 16 October, foreign and domestic bonded cotton businesses were available. Trader They all lowered the quotations for cotton in 2010/11, and the quotations of Qingdao Cotton Traders India cotton S - 6, SM grade cotton, M grade cotton (MA value) and M grade West Africa cotton fell to 19200 yuan / ton, 20500 yuan / ton, 19600 yuan / ton and 19700 yuan / ton respectively, and foreign merchants also stepped up the sale of Chen cotton.

Some domestic cotton enterprises said that because of the transaction price of grade four lint of mainland China's public inspection at 15 and 16, the amount of 19200-19400 yuan / ton (volume was not large) was controlled at 8%-9%, so the price of India cotton should be less than 19000 yuan / ton in 2010/11. In the year of 2010/11, part cotton repurchase and mixed mixed batches were more serious. The spot market was not welcomed by cotton enterprises. At present, the main ports were 2011 cotton, Brazil cotton and 2010/11 cotton in 2011 years.

It is understood that, as a Zhejiang cotton merchant in 10 and November, there are still a large number of 2010/11 cotton in India. American cotton The port is estimated to be 2-3 tons, and the pressure of the company's recent repayment is very prominent. Therefore, it is not possible to exclude large quantities of cargo from ports such as Qingdao, Zhangjiagang and Shanghai. In view of this situation, most foreign businessmen said they would not follow the domestic traders to make a substantial reduction in the market. After May 2012, the market still had the opportunity to ship.

According to statistics, the first time that 2011/12 cotton arrived in China's main port in November is about the first ten days of November, but the lint grade is low, and there is a common phenomenon of collecting goods and collecting lots. The high-grade lint, such as C/A and SJV, will come to Hong Kong after mid December. On the 16 day, an international big cotton trader C/ASM1 - 1/8 quotes for 126.55 cents / pound (before December 23rd to Qingdao port); the EMOTM1 3/32 "offer is 115.30 cents / lb (before December 23rd to Qingdao port); while India cotton S 6MPlus1 1/8" offers 117.05 cents / pound (spot, Qingdao port); India cotton S 6Sekul/21 1/8 "price is 117.05 cents / pound (spot, Qingdao port), which is significantly higher than the domestic cotton enterprise's purchase expectation.

Overall, most of them have been since October. Foreign businessman There are not many new import contracts with trading companies, mainly due to the relatively slow acquisition and processing of cotton in India in 2011/12 and the relatively high rate of new cotton flower purchase and new flower defects. Therefore, foreign businessmen generally require domestic importers to indicate that foreign exchange is not allowed to be traded in India or west African cotton in the contract, and that there is a delay in shipping time, causing some domestic cotton enterprises to be dissatisfied.

This year, most of the international cotton traders still need to collect the contract margin of the 10%-15% of import enterprises to ensure the smooth implementation of the contracted contracts. However, the old customers and enterprises with relatively large import volume will no longer receive the security deposit. {page_break}

A cotton enterprise in Singapore said that since October, the procurement of domestic cotton enterprises has been concentrated on the spot of the port bonded area, especially the 2011 cotton and Brazil cotton are popular. However, cotton producers in India (or India producing cotton) in the year of 2011/12 require the cotton to be transported to the main port of China. Recently, some cotton textile mills have also proposed that the price of the goods from the US cotton to the bonded area is mainly due to the insecurity of the index and grade of 2011/12 cotton.