Domestic Cotton Enterprises Look Down On Cotton Prices

It is understood that from mid October to the end of October, the sales of high-grade cotton and cotton in main ports in China are much more active than those in Xinjiang cotton and real estate cotton. Not only the consignments of domestic cotton traders, but also the shipment of cotton in Australia during the November and December arrivals are also good. Some domestic cotton mills and traders' current enquiries and orders are focused on 2011.

Under the condition of ordering the quantity of Australian cotton is not enough or the grade is low, part of the cotton business is going back to buy 2010/11 cotton.

Several foreign businessmen said that because the price of Chen cotton, which arrived in 2010/11 in 11 and December, did not refer to ICE futures, but mainly adjusted according to the fluctuation of domestic and foreign cotton importers and domestic cotton prices. Therefore, the same level of cotton and cotton in the same level would be priced at 200-300 yuan / ton less than that of the port traders, and would be more easily accepted by the cotton mills with insufficient orders and relatively sufficient raw materials.

On the 31 day, an Australian cotton trader reflected that the turnover of Australia cotton has weakened since 28, but it can reach 600-800 tons per day. From October 15th to 25, the average daily turnover of Hong Kong and Macao cotton reached 2000 to 3000 tons in December and December, and the highest day even reached 5000 tons.

Compared with the "bustle" of Australian cotton and cotton in 2010, the turnover of domestic importers and India cotton and West African cotton is very unsatisfactory. The main reason is that the selling price of foreign cotton is higher than that of foreign merchants, and there is no advantage in price. Generally speaking, a lot of foreign businessmen deliver goods to domestic traders. Mixed batches and mixed ranks are very serious. However, the Australian cotton and American cotton arrivals in 11 and December are mainly due to the failure of the cotton in the Southeast Asian countries, Bangladesh and Indonesia.

According to industry analysis, Australia cotton in October.

In October 31st, the quotations of India cotton S-6 and West African cotton (mainly Burkina Faso and Malian lint) of a large cotton enterprise in Zhejiang were quoted at 18700 yuan / ton and 19200 yuan / ton respectively, but they were still higher than the four level of the national public inspection, the price of the cotton wrapped cotton was 300-500 yuan / ton, and the cotton enterprises were not in a hurry to purchase them. In November, the 2011/12 cotton market was coming to Hong Kong, and the cotton business wait-and-see sentiment was strengthened.

{page_break}

Some enterprises said that