India Cotton Quotes Rose Sharply To Suppress Domestic Cotton Business Demand

< p > it is understood that the price of India cotton S-6M1-1/8 "and S-6M1-5/32" for the 3-4 month shipping date of an international cotton trader was 94.75 cents / pound and 95.25 cents / pound respectively. The price of S-6SM1-5/32 "was 95.90 cents / pound (90 days letter of credit), which was 12 cents higher than the lowest in December.

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< p > India cotton quotes continued to rise sharply, pressing the demand of domestic cotton enterprises and traders. Some small and medium-sized import enterprises such as Qingdao and Zhangjiagang have reflected that since the middle of February, the number of inquiry and order < a href= "http://www.91se91.com/news/index_q.asp" > cotton spinning < /a > factories is becoming less and less, and some traders have hardly made any turnover even in early March.

In contrast to Chinese demand enterprises, India cotton ginning factory, exporters and international cotton traders generally believe that short-term high grade India cotton is expected to be up to 100 cents / pound.

Although the imports of cotton from ports were very light, the performance of foreign investors was relatively calm. There were rumors that the Chinese government departments concerned in April would issue the sliding quota cotton import quotas and processing trade quotas in line with the auction of national cotton stores. The cotton suppliers considered the sales opportunities in 4 and May.

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< p > according to feedback from a Singaporean cotton trader, as of the end of March, the number of bonded cotton of some large and medium-sized cotton merchants has reached 2-3 tons, and the bonded stocks of individual importers are also close to 4000-5000 tons.

Since February, the volume of cotton trade outside the port has been shrinking, and the arrival of foreign cotton in Qingdao in 2 and March has been relatively large. Therefore, the storage pressure of the main port bonded warehouse in Shanghai, Zhangjiagang and other major cities has increased significantly. Some warehouses have no longer arranged in the first ten days of March "a href=" http://www.91se91.com/ > cotton > /a > storage. The storage price also showed a "three jump" type of increase. Some locations were better. The storage conditions of the storehouse with better storage conditions and better facilities reached 1.70-1.80 yuan per ton per day, and the warehouse storage charges in a more remote location and relatively poor facilities also rose to 1.20 yuan per ton per day. Several large foreign investors estimated that by the end of March, the number of bonded cotton in each main port would exceed 400 thousand tons.

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< p > because the market has strong expectations for the issuance of cotton import quotas in 4 and May, the national plan has been sold to the end of July and the total amount has reached 4 million 500 thousand tons. In addition, after the Spring Festival, the proportion of small and medium-sized cotton textile enterprises with "holiday" has been relatively high. Therefore, the purchase of raw materials such as cotton, polyester and short has been in a state of "no fire". Besides the "a href=" http://www.91se91.com/news/index_f.asp "national cotton store < /a > purchase of cotton in the bidding market, the phenomenon of spot acceptance and credit has been widespread.

Part of the main reason why cotton enterprises are still placing a small amount of cotton imports under the premise that cotton enterprises are rising sharply is mainly to make full use of the 90 day letter of credit or even 180 days letter of credit, so as to reduce the pressure of cash flow and push back risks and pressures as far as possible, waiting for the arrival of "spring" in textile and clothing export and domestic market in 4 and May.

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