What Are The Reasons For The Disgrace Of The United States, Cotton And Australia Cotton?

According to statistics, by the beginning of November, the number of bonded cotton outside the main ports of China has dropped to about 150 thousand tons, and the situation of unbalanced storage is continuing.

So what are the reasons for the recent disgrace in the 6-8 months of cotton inquiry and shipment?

First, the United States cotton grade and quality slipped, spinning 40S and above.

It is more difficult to mix cotton with high cotton.

At present, the US cotton in Hong Kong and on the way is mainly in the middle and late 2014, which is mainly M grade, and the impurities are large, the proportion of short fiber is high, the proportion of C1 is increased, and the consistency of lint cotton is poor.

Textile enterprises in Henan, Shandong, Hebei and other places indicated that although the port and American cotton grades were relatively high, the bonded volume was also 8-10 tons, but the quality of many batches, batches and cotton was not reassuring. With the decrease of Chen cotton grade and the decrease of the specific strength, it was not suitable for spinning high count yarn.

Two, the high-grade Xinjiang cotton gives the outer cotton "China cotton trading network".

Since October, a large number of high quality mid term flowers have been listed in the territory, and the proportion of 3128 and 2128 (double 28 "double 29") has been increasing. The proportion of lint length 28mm and above in Akesu and Bachu has reached 30%-40% and the horse value is B2. The fiber length and horse value of machine picked cotton are also ideal. The supply of high-grade cotton in the mainland market has increased rapidly, and the gap has been filled.

Three, 1%

Import quotas "become a stumbling block for cotton imports".

According to customs statistics, from 1 to September in 2015, China imported 1 million 155 thousand tons of cotton, a decrease of 42.31% over the same period last year.

In 2015, 1% cotton import quotas within the tariff were 894 thousand tons, plus 150 thousand tons of Uzbekistan and West African cotton.

"And the quota of about 15-20 million tons that was pferred in 2014, the total amount is only 119.4-124.4 million tons. After deducting the import of 1 million 155 thousand tons, the quota can only be 3.9-8.9 million tons, while some cotton mills plan to set aside a small quota to purchase 2015/16 cotton and India cotton, so the quota is more tight.

Four, cotton outside the port has no advantage in price.

It is understood that on November 3-4, traders in Qingdao, Zhangjiagang, Shanghai and other places quoted prices C/ASM1-1/8 and EMOTSM1-1/8 respectively, 14600 yuan / ton, 14100 yuan / ton, higher than the Xinjiang cotton picking price 800-1000 yuan / ton; SM1-5/32 Ao cotton quoted price 16000-16200 yuan / ton, higher than 2129 grade Xinjiang cotton 2000 yuan / ton, even if the price of SM1-1/8 Brazil cotton is also higher than Xinjiang cotton 300-400 yuan / ton, the bonded cotton has no quality and price advantage premise, unsalable is also reasonable.

According to some foreign traders in Qingdao, Zhangjiagang, Guangzhou and other places, in recent months, the trend of the "free warehousing, warehousing and warehousing of bonded warehouses" is obvious.

In the middle of October, except for a small number of India cotton and Brazil cotton arrivals, the cotton from other origins was rarely shipped to Hong Kong. Especially in the 2014/15 cotton mill, there was hardly any importer's declaration in the US cotton and 2015 cotton mills. The port's high quality and high priced bonded cotton, cotton and Uzbekistan (Central Asia cotton) were almost unsalable. Only one or two cabinets could be produced in the SM and GM grade cotton shops a week. The United States cotton, which accounted for 50%-60% of bonded stocks, was concentrated in the hands of several large foreign investors and importers. The oscillation of the main ICE contract continued at 61-64 cents / pound in the chamber, resulting in the price adjustment not adjusted with the downturn in volume.