At Present, Import Enterprises Are Facing Great Pressure.

According to several foreign counter feedback, due to the new cotton coming into the market in September, and the serious shortage of their capital flow, some import companies even followed the contract to Hong Kong.

Unable to open a letter of credit or a letter of credit, it can not be paid, so we have to try to save ourselves. The price of bonded India cotton S-61-1/8 "is as low as 83-84 cents / pound, and it can also offer a discount of 1-2 cents / pound for cotton making enterprises that can reach more than 2000 tons in a single purchase.

It is reported that the final paction price of 3000 tons of India cotton S-6 purchased in Shandong's high density plant is only 82.5 cents / pound, and the price difference with the current foreign bonded India cotton has reached 8-10 cents / pound, so most foreign cotton spot stocks are basically unsalable.

In contrast, the India cotton, the American cotton and the West African cotton in the faraway sailing season have made enquiries, but the orders are not very positive. On the one hand, they are the sliding duties of 2013.

In general, there is no general interest in the quantity. Some small and medium-sized cotton mills are worried that once the quota of processing trade is fully processed, the procurement contract will not be implemented. On the other hand, the quality of lint will be affected due to the drought in the main grain producing areas of the cotton and the main grain producing areas in India and the drought in the cotton area.

According to the US Department of agriculture's US cotton export weekly report, in July 20th, -26 week signed a net signing of the next year's 38351 tons of upland cotton, of which 3788 tons of land cotton were signed in China next year, and 2449 tons of land cotton in China's net signed 12/13 in the week of August 3rd -9. In other countries, China signed a negative trend. The volume of China's contracted volume increased. Some foreign and importing enterprises speculated that the state might have purchased the 2012/13 cotton through one or two cotton merchants, but the parties concerned have not confirmed or clarified it.

In August 20th, the large importers of Qingdao port had no quotations for spot cotton, and the price of the bonded C/A American cotton SM1-1/8 was 15100-15200 yuan / ton; the US cotton EMOTM1-3/32 "quoted 14000-14100 yuan / ton; the Australian SM1-5/32" quoted 98-99 cents / pound; the price of JULI/S1-1/8 cotton of Mali cotton was 84-85 cents / pound, which was basically the same as that of last weekend.

Some import enterprises reflect the current bonded cotton, American cotton,

It is very difficult to sell high grade lint. Some enterprises can only sell one or two cabinets a day, while India cotton and lower West African cotton are slightly more inquiries and goods.