Shipments Of Bonded Cotton In Large Quantities Of Xinjiang Cotton Fell Sharply

Recently, China's cotton textile mills and importers increased their concerns about the shipment of 12/1/2/3 cotton, India cotton and Uzbekistan cotton in the month of the month, and increased the number of enquiries (mainly for ON-CALL).

According to the importers and middlemen of Zhangjiagang, Guangzhou and Qingdao, shipments of bonded cotton have declined significantly since October 25th. Cotton and cotton in the United States are basically unsalable, with only a small amount of bonded or spot cotton in Brazil and 1-2 cabinets in West Africa.

Timely pportation to the mainland warehouse and textile enterprises to replenish the raw material stocks of medium and high grade cotton, and the 2128 grade lint price is lower than C/A SM 1-5/32, SM 1-5/32, Au / cotton 800-1000 yuan / ton, 2200-2500 yuan / ton respectively. Most cotton textile enterprises do not need to buy "pition" such as US cotton, Uzbekistan and Australia cotton. On the other hand, 150 thousand tons of "special" cotton import quota has basically been exhausted, while some large and medium-sized cotton textile factories and operators hope to retain part of the 1% tariff quotas to import new cotton from the United States, India and Central Asia, resulting in 1% customs duties.

The pfer of quotas and the price of rent seeking "sesame blossom is high."

Several textile factories in Shandong, Jiangsu and Zhejiang, Henan and other places indicated that the ICE futures rebounded sharply (the worries caused by the rainfall in the core cotton producing area in the state of Texas). The India government's purchase and storage in full swing and the promotion of the cotton price per unit price, the total production decline and the overall quality decline in China and Xinjiang were favorable. Since the late October, the price of bonded cotton CIF and CNF has been rising continuously, and the price of the RMB for cotton has cleared 100-200 yuan / ton, and Chinese buyers are once again caught in the wait and see.

A number of foreign businessmen and traders said recently

The importers paid more attention to the shipment of 12/1/2/3 cotton, India cotton and Uzbekistan cotton, and increased the number of enquiries (mainly for ON-CALL), but the turnover did not improve much.

November 1st Qingdao and Zhangjiagang 12/1/2 sailing date quotation (CIF):2015/16 cotton 1-5/32 EMOT SM 1-5/32, EMOT SM 1-1/8, GC21-3-36 are 76.5 cents / pound, 74 cents / pound, 76 cents / pound respectively, India cotton S-6 S-6, the price of quotation is 69 cents / pound, 69 U.S. cents / pound, compared with the middle October, the US cotton quotation slipped by cent / pound, and India cotton quotation rose by cent / pound.

The port has cleared the 2014/15 price of US cotton and Australian cotton has not been raised with the increase of ICE and bonded cotton dollar, such as C/A SM 1-1/8, EMOT SM 1-1/8 quotation is still 14500 yuan / ton, 14000 yuan / ton, on the one hand, the external cotton RMB quotation is stare at the domestic cotton price, the short term rebound power is not enough; on the other hand, Xinjiang cotton is in "high, middle and low three levels" full coverage ", the competitiveness of the United States Chen cotton in the year of 2014/15 declined significantly.