Global Cotton Consumption Is Weakening.

Because of China's domestic cotton Storage and storage volume increased significantly, the US cotton weekly showed that exports were significantly warmer, ICE futures contract fell to 70 cents in December to stimulate consumption around the world, the central and Southern cotton region, the southeast cotton region due to grade, horse value, length and other issues generally quoted below 80 cents / pound, Pakistan, China, Turkey and other countries cotton mills and traders to buy large cotton.

According to some foreign businessmen, the rumors that the Chinese government will abolish the sliding tariff of cotton imports in 2013 are also strong. Only 1% of the quotas for quotas and trade quota for processing cotton are issued, and the total volume is not higher than 2 million tons.

India cotton and American cotton far month showed a certain resilience in the global cotton market. The price of 77.90 cent / pound rebounded 0.10 cents / pound earlier than the previous low point. The price of the outer cotton of the international cotton traders and importers in the far month was flat or even slightly higher than that of last week. The price of bonded cotton has exceeded 3 million tons due to domestic futures, matching low shocks, actual storage and storage volume, and the promotion of 328 cotton prices at the vicinity of 18500 yuan / ton. The price of bonded cotton is higher than that of cotton, cotton and West Africa. In November 16th, the delivery price of India Shankar-6 ginning factory was 33500 rupees /candy. Bonded cotton Become the focus of attention of cotton enterprises. Some importers also pay 40% full customs duties on the 84-85 cents / pound of outer cotton.

At present, ICE registered stocks continue to increase, global cotton stocks are at a high level, the pattern of consumption weakness has not yet changed, and the market is worried about the recession in the US, Europe and Japan. The ICE futures contract rebounded in March is highly limited, and cotton prices are expected to rebound at 74-75 cents. Therefore, traders in Qingdao, Zhangjiagang, Shanghai and other places are taking advantage of the ICE rebound to speed up the sell-off of bonded cotton.

As for the cotton on the shipping date of the far month, on the one hand, the uncertainty of China's import government is great; on the other hand, the contract returned to 72-73 cents in December, and the enthusiasm of paying full duty import decreased. It is reported that from the end of November, there will be 2012/13 cotton in India. In the middle of December, there will be S-6 cotton to Hong Kong and cotton in the bonded area. Stock The increase will be reduced.