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Import Cotton Bonded Sale "Price For Space"

2011/10/19 14:25:00 34

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It is reported that there are still some international cotton traders in 10-11.

Chinese clothing

The US cotton and India cotton were shipped to China's main port in 2010/11. Most of the US cotton, Australia cotton and India cotton were due to the default of importers in Southeast Asia, Bangladesh and other countries in 2011. International cotton traders had to pfer from Indonesia, Vietnam and Bangladesh to China's bonded area. Some foreign businessmen delivered their contracts to Chinese import enterprises and some foreign businessmen were selling bonded cotton.

Several domestic importers said that because most of the contracts were clear that foreign merchants could use India cotton and West African cotton instead of cotton and Australian cotton, some foreign merchants threw low grade India cotton, mixed mixed batches, short staple cotton and West African cotton to Chinese import enterprises, and contract disputes increased significantly compared with previous years.

At home and abroad in 2011

Cotton price

In the event of a sharp rise, some cotton traders did not deliver goods and procrastinate delivery or a large number of repurchase and other means to get better profits, but eventually the cotton was shipped back to China from the United States and India.

In October 17th, some traders in Qingdao, Zhangjiagang and Shanghai reflected that the spot sale of bonded cotton was rather laborious, not only in the bonded area, but also in the cotton enterprises and traders, and the enquiry rate also showed a decreasing trend. The cotton picking enterprises began to slow down with the signing of the contract, and the parties were waiting for further clarification of the futures and spot markets.

17, a domestic trader, India cotton S-6, SM grade cotton, M grade cotton and a small quantity of M grade West African cotton, were quoted at 19100 yuan / ton, 20800 yuan / ton, 20000 yuan / ton, 20000 yuan / ton respectively, which was lowered by 200 yuan / ton compared with the quotation before mid October. However, some foreign businessmen arrived in India in November 2010 /11 year at least 300 yuan / ton than the above price.

According to some foreign businessmen,

ICE futures

The shock market will continue, but the reason for the rise is not enough. The bottom line is still the main direction. The main contract is likely to test 92 cents and 90 cents mark.

With the falling price of seed cotton and lint in the Chinese market, the price of 19800 yuan / ton of standard cotton purchase and storage has been gradually accepted by the cotton processing enterprises in the mainland and Xinjiang. Therefore, the purchase and storage from November to February will become the most important fulcrum of China's cotton market.

Foreign investors generally believe that whether they can receive more than 1 million 500 thousand tons or not is only a matter of cotton prices falling early and falling late. From the consumer market and prices, early fall is better than late. Once China's storage capacity reaches more than 2 million tons, the opportunity and space for foreign cotton imports will enlarge in the 5-9 months of 2012. Even if the government can stabilize supply and demand gap and price after May, it can only push up the market and attract speculation. Therefore, in the first half of 2011/12, India cotton or American cotton need to "price for space".