Port Bonded Cotton Expedite Shipments And India Cotton Sales Are Blocked

< p > according to the survey, the price of the ICE disk hit a new low for three months. Some cotton manufacturers and traders appealed to the government to restart the sale of national cotton stores in 9 and October, plus the bad influence of India's domestic cotton weather and so on. Since September, the quotations of bonded cotton and clear cotton in main ports in China have continued to be weak.

On the 10 day, 2012, the lowest quotations of M1-5/32 and M1-1/8 "India cotton" have slipped to 18000-18100 yuan / ton, 17500-17700 yuan / ton; M1-1/8 "Mei cotton is also only 18200-18300 yuan / ton, and some financial pressure is relatively large, and the traders who are bearish in the cotton market after September still have the intention to continue to lower the quoted price and speed up shipment.

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< p > it is understood that the current port bonded cotton is mainly Australian cotton (7 and August arrivals are relatively large, and the price is higher than the capacity of the cotton enterprises, the gradual accumulation of cargo pressure), the United States cotton, Uzbekistan cotton, India cotton and Mexico cotton, of which 2012 cotton cotton inquiry, goods and orders are the worst, but as the Chinese government issued the 2013 cotton purchase and storage rules in September 9th, and after the purchase and storage, some traders in Qingdao, Shanghai and other places reflected that some domestic 400 type ginning factory ports had a strong desire to inquire and see goods, especially the Uzbekistan Buick cotton, Brazil cotton and other cotton with the quality of Xinjiang cotton.

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On the one hand, cotton mills and traders are not interested in making inquiries. On the one hand, there are very few S-6 that can reach China's main port before the end of December. On the other hand, many India exporters and cotton ginning spend on S-6 instead of S-6. On the other hand, the use of sliding tariff cotton import quotas is up to the end of December. Many trade cotton or cotton mills are worried that once they get import quotas, and India cotton can not reach port before December 25th, the quota cost will only be over 2000 yuan / ton. Moreover, according to some importers, there are widespread problems in India cotton, which are large in value, poor in spinnability, heavy in impurities and "three in weight", so they are more inclined to purchase medium term flowers. < p > 9 and 10 September, the quotations of S-6M1-1/8 and S-6SM1-5/32 of a cotton merchant in India were 87.5 cents / lb, 88.5 cents / lb (guaranteed to arrive in port before December 25th, 90 days L / C), but China

Recently, due to the strong rupee exchange rate in India, the factory price of S-6 in ginning mill rose to 93.10 cents / pound in 2012, while cotton prices in Pakistan also kept steady for several days. Cotton picking and acquisition progress accelerated, cotton textile demand eased and rebounded, and cotton price of Ba cotton and India became certain support.

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