The Number Of Foreign Cotton To Hong Kong Is Increasing.

From December 2011 to January next year, the number of cotton exports to Hong Kong increased to a higher level. American cotton And India cotton mainly, far month cotton and India cotton quotation continues to decline.

According to the news of the comprehensive media in November 30th, according to some foreign businessmen, it is coming to Hong Kong from December this year to January next year. Outer cotton The number is relatively large, mainly based on high-grade cotton and India cotton, and the market has a strong expectation of further decline in ICE futures. American cotton India cotton quotation continues to decline.

The time and quantity of delivery are very uncertain, and the price gap between domestic and foreign markets has continued to rise to more than 2000 yuan / ton, leading to the difficulty of estimating the transfer price of the quota in 2012. Therefore, some cotton enterprises and traders are concentrating on the cotton futures for next month and later in the next year, especially for next month's shipping date, which is not very interesting, because the import quota of 894 thousand tons of 1% tariff is lower than that before the end of December, but on the one hand, the quota is concentrated in the hands of large and medium sized cotton spinning enterprises. The possibility of short term quota import is not great. SMEs can only issue under the quasi tax quota. On the other hand, a large part of the 1% tariff quotas are processing trade quotas, and there is no transfer or no connection between the 34 enterprises. In November 30th, an international cotton trader's shipping date in January 2011/12 India cotton J - 34 quoted only 90-91 cents / pound, and the quotation of S - 6 was only 92-93 cents / pound, but due to the sliding of the quota in 2012

It is reported that due to the low price of port 2010/11 cotton and West African cotton (mainly Burkina Faso, Benin, Mali and other domestic cotton) in India, concern and ordering have also increased, and demand for import quotas has suddenly increased. Recently, the import quotas have become more and more intense. 1%, the selling quotas of tariff import quotas even reach 2000 yuan / ton, and the quasi tax quota is also 1000-1500 yuan / ton. Supported by the national reserve price of 19800 yuan / ton, the industry expects that the gap between domestic and foreign cotton prices is expected to continue to expand in the short term. Domestic high-grade cotton can only enter a large number of national reserves, while consumption is mainly supplemented by imported low price cotton.

It is understood that due to the low global cotton prices, which has a great impact on the cotton planting area and willingness in 2012, some countries in India and Central Asia recently have plans to stabilize cotton prices through the purchase and storage, plus the short term good news from the European debt crisis, so the space for ICE futures to fall or has been limited, the May contract will struggle at the 90 cents mark. At present, the decline of global consumption of cotton has been formed, and the driving force for the increase is obviously insufficient. Once the import quota policy of 3 and April 2012 is determined, and the export orders of Chinese textile enterprises will resume in a short term, the demand for high-grade cotton will suddenly enlarge, and the Chinese government will be forced to adjust supply and demand by throwing and storing.