Dongguan Inspection And Quarantine Bureau Helped Import Cotton Enterprises Successfully Claim

A few days ago, the Dongguan inspection and Quarantine Bureau completed a number of inspection and appraisal work of imported cotton to save tens of thousands of dollars in economic losses.

The imported cotton came from Australia. The weight identification result was that the net weight of the imported goods was 490289 kilograms, which was 4564 kilograms short of the net weight of the invoice and 4564 kilograms. The weight reduction rate was 0.93%. The quality inspection result was 5.99% of the grade reduction rate, 4.15% of the length reduction rate, 3.69% of the fineness nonconformity rate, and 0 of the strength failure rate.

The Dongguan inspection and Quarantine Bureau issued the "weight certificate" and "quality certificate" in time. The imported cotton enterprises made claims to Australian suppliers on the basis of the weight certificate and quality certificate issued by the Dongguan inspection and Quarantine Bureau.

According to the information feedback from the enterprise, the claim for weight is US $10062, the quality claim is US $3274, and the total of the two claims is $13336.

The Ministry of Agriculture issued weekly report on cotton Market: Cotton fell and cotton fell.

The Ministry of agriculture, Ministry of agriculture, China Central Cotton Storage Information Center yesterday released the third week China Cotton Market Weekly (15-19 September) in September, according to weekly reports: domestic cotton prices continued to fall, cotton prices fell, and domestic cotton yarn prices continued to fall.

First, domestic cotton prices continue to fall.

This week, Xinjiang's target price subsidy policy rules were promulgated. The rules reflect the Central Committee's determination to make the cotton market play a decisive role in the allocation of resources, and domestic cotton prices continue to fall.

In September 19th, the average purchase price of the 3 grade seed cotton in the mainland was 3.46 yuan / kg (the price of cotton seed purchase was 14808 yuan / ton), up 0.05 yuan / Jin, or 1.5%, compared with last week; the average price of Xinjiang purchase was 3.23 yuan / jin (the 13528 cotton / leather cotton buyer) was 0.32 yuan lower than last week, or 9%.

The average selling price of the standard grade lint in the mainland is 16658 yuan / ton, down 131 yuan / ton compared with last week, or 0.8%, down 2627 yuan / ton, or 13.6%; the average selling price of Xinjiang standard lint is 16656 yuan / ton, down 131 yuan / ton compared with last week, or 0.8%, down 2856 yuan / ton, or 14.6%.

Zhengzhou cotton futures contract settlement price of 14300 yuan / ton in November, down 400 yuan / ton compared with last week, or 2.7%, down 6805 yuan / ton compared with last week, or 33.9%.

The national cotton trading market electronic matching pactions in November the average contract price of 14658 yuan / ton, compared with last week rose 233 yuan / ton, or 1.6%, down 4833 yuan / ton, or 24.8%.

Two, international cotton prices fall

This week, Xinjiang's target price subsidy policy rules were promulgated, which highlighted the strong intention of the Chinese government to activate China's cotton market and the fall in international cotton prices.

In September 19th, New York cotton futures contract settlement price in October was 65.99 cents / pound, down 4.6 cents / pound, or 6.5%, compared with last week.

The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is calculated at 1% tariff. The cost of import of RMB is 12190 yuan / ton, down 408 yuan / ton, or 3.2% yuan, lower than the domestic market 4468 yuan / ton, the price difference increased 277 yuan / ton compared with last week. According to the sliding tax, the cost of import is 13930 yuan / ton, down 250 yuan / ton compared with last week, or 1.8% yuan, lower than the 2728 yuan / ton in the domestic market, and the price difference increased by 119 yuan / ton last week.

This week, the domestic yarn and cloth market was closed, and yarn prices continued to fall.

In September 19th, 32 cotton combed yarn prices were quoted at 23950 yuan / ton, down 80 yuan / ton, or 0.3%, down 1865 yuan / ton compared with the same period last year, or 7.2%, and the polyester staple price was 8720 yuan / ton, down by 160 yuan / ton, or 1.8%, down by 1330 yuan / ton, or 13.2%.

Four, analysis and Prospect

International cotton prices will continue to slide.

This week, the Federal Reserve expects GDP growth in 2014 to be 2.0%-2.2%, down from the expected 2.1%-2.3% in June.

The euro zone, the European Central Bank announced the first round of long-term loan scheme (TLTRO) scale of 82 billion 600 million euros, less than the market expected 100 billion -3000 billion euros.

Fundamentals, according to the US Department of agriculture (USDA) report: on 5-11 September 2014, the net contract volume of us land cotton exports in September 2014 was 1.7 tons, a significant increase over the previous week, an increase of 34% over the previous four weeks. The main buyers were Mexico, Turkey, Salvatore, India, Vietnam and China (1157 tons). The buyers who cancelled the contract were mainly China, and the 24 thousand ton contract was cancelled.

The export volume of us upland cotton exports is 23 thousand and 700 tons, an increase of 25% over the previous week, an increase of 7% over the previous four week average, mainly to China (5511 tons), Mexico, Vietnam, Turkey and South Korea.

As of September 14th, the US cotton picking rate was 6%, year-on-year.

2 percentage points, 1 percentage points lower than the average in the past 5 years.

In recent years, it is said that the Chinese government is inclined to encourage textile enterprises to purchase and use domestic cotton in the new year, and will give the new year import cotton quotas strictly and carefully.

It is expected that the international cotton price will continue to slide.

Domestic cotton prices will continue to fall.

In August, there were 68 newly built commercial housing (excluding affordable housing) in 70 large and medium-sized cities in China: there were 68 cities with a decreasing price, 1 flat, and 1 rising.

The highest increase is 0.2%, the lowest is 2.1%.

Prices fell 19 cities in the same period, 3 in the same level and 48 in the rise.

The highest increase is 6.4%, the lowest is 5.6%.

In August, the number of cities with a decreasing price rose from 64 to 68, and the number of cities increased from 3 to 19 over the same period.

On the basic level, Xinjiang cotton target price subsidy policy rules and regulations promulgated, the rules reflect the central government's decision to let cotton return to the market, so that domestic cotton prices will continue to decline.