Cotton Import General Trade Quota Issuance Is Far From Being Expected. Importers Want To Sell.

It is understood that the main ports in China are

The proportion of cotton in India is larger than that in the United States, cotton and cotton in West Africa, and the lowest price is India cotton.

In addition, some large cotton textile enterprises in Shandong, Jiangsu and Zhejiang have got the quota for processing trade cotton imports, and have ordered 2012/13 cotton for several new international cotton producers. Among them, India cotton is still the leading character.

A India company said that due to the relatively strong domestic cotton consumption in India, the 23 meeting of India Conference on cotton exports is likely to be adjusted in policy, coupled with the expected increase in domestic linen yield reduction due to drought in India. Therefore, most of the contracts signed by foreign businessmen and importers should be added with "additional clauses", so as to avoid disputes arising from the failure of the India government to restrict exports.

On the 23 day, the price of bonded cotton was stable, and it did not fluctuate with the small callback of the domestic cotton and electronic matching disk. The quotation of India cotton was still slightly higher than that of yesterday. Import enterprises are worried about the S-6 cotton production and quality decline in India 2012/13.

Due to the possibility of short-term monetary stimulus in the US Federal Reserve, the impact of drought on grain production in the central and western regions of the United States has not been alleviated. In addition, the implementation date of China's purchasing and storage policy is approaching, ICE disk and domestic electronic disk.

Bullish confidence has been restored. The main contract of ICE has broken through the 77 cent barrier in the 21 day. However, due to the lack of global supply and demand, the spread of the European debt crisis is only short term "wheezing". In addition, the Chinese government's expectation of throwing cotton reserves in September is bigger, so the price of bonded cotton will still fluctuate to the bottom of the domestic spot market.

ICE will soon be vibrating in the 70-77 cent compartment, with pressure and support.

23, a India cotton trader December /1 shipping date.

The quotations of S-6M1-1/8 and S-6SM1-5/32 are 87 cents / pound, 88 cents / pound respectively, all 90 days letter of credit, basically unchanged from yesterday. But some manufacturers of bonded warehouse, Chen cotton S-6, sell 81-82 cents / pound, less than several big foreign businessmen offer 8-10 cents / pound, import companies are eager to recover the funds, otherwise they will face the dilemma of failing to open letters of credit, bank run and payment difficulties.

In order to ensure that the capital chain is not broken, the container arriving in Hong Kong in 7 and August is not overdue. In the case of the increase in the general trade quota of cotton imports, there is a long way to go.