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Cotton Prices Are Rising Steadily, Traders Feel Pressure.

2013/3/1 18:44:00 40

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according to the understanding from Qingdao, Hong Kong, Tianjin and other ports, there has been a decrease in the number of cotton exports to Hong Kong in the near future. Besides the shipping schedule factors, the more important reason is that domestic traders order less than a href= "http://www.91se91.com" > outer cotton < /a >. "Besides the low price of cotton in India and the fact that sales are quite good, other cotton can hardly be sold." Lao Zhang has been engaged in foreign trade for many years. He has some worries these days. He still has more than 500 tons of cotton that has been cleared by Customs (cotton in the United States and Australia, and part of India cotton). Many cotton mills are too expensive to buy it. Lao Zhang is afraid to order cotton again, and now he mainly focuses on sales inventory. It is understood that recently, domestic traders' orders for foreign cotton have obviously slowed down, and wait-and-see sentiment is thicker. According to Lao Zhang, the main reason is: 
 there is news that the provisional quantity of the sale of the national reserve cotton is 4 million 500 thousand tons. As at the end of July, the selling base price was unchanged at 19000 yuan / ton of standard grade cotton, which caused pressure on foreign cotton. 
 two is the recent increase in quotations from outside cotton, while the < a href= "http://www.91se91.com" > domestic cotton price < /a > stable, traders are basically unprofitable. In February 28th, India cotton quotes 87.80 cents / pound (pick up), up 5 cents / pound compared with the middle of this month, < a href= "http://www.91se91.com" > the price of US cotton is less than /a > 92-94 cents / pound, rose 6 cents / pound, Australia cotton quotation 100 cents / pound, 10 cents / pound; while the domestic cotton S-6 India cotton price quoted 19000 yuan / ton, and the US cotton quotes 20300 yuan / ton, which is basically the same as the previous stage, which greatly reduced the profit margins of traders. 
 three is the slow sale of yarn in domestic textile enterprises, and a large number of state-owned cotton stores are out of stock, so traders dare not order easily. It is understood that after the Spring Festival, the domestic yarn market trend is stable. Besides the combed yarn sales situation, the overall supply of the combed yarn exceeds the demand, and the pressure of business realisation is bigger. Therefore, most enterprises purchase raw materials on the basis of purchase and purchase. Many enterprises insist on a small amount of storage to ensure the demand for cotton because of insufficient working capital. 
 four, there is no definite news about whether the sliding tariff quota is issued or not. Traders are worried about late sales difficulties. According to past practice, the state will issue tariff quotas at the beginning of the year while issuing part of the quasi tax quotas, but this year the situation is different. Up to now, no textile enterprises have been informed about the issuance of sliding tax quotas.