Textile Enterprises Purchase New Territories Cotton, Scrap Cotton, Bonded Cotton And Other Fragmentary Pactions

Recently, according to

Qingdao,

Waiting for port

Traders showed that India cotton and SJV PIMA cotton were sold sporadically except cotton wool and cotton wool, and from other ports to port. Cotton cotton, Ukrainian cotton, West African cotton and Brazil cotton, which were relatively active in the previous inquiry, were almost unsalable, especially the "SM" and "GM" cotton can be described as "open doors".

There are not many plans to import cotton into the bonded warehouse in the month of 11/12, but some foreign and import reservations may not be able to be used in advance. On the one hand, the main cotton producing areas in the United States are experiencing heavy rainfall and the harvest time is postponed. It is not known whether the seller can deliver the new cotton to the main port of China before the end of December. The cotton farmers in India believe that the purchase price of the seed cotton is too low and the sales progress is slow. On the other hand, some foreign and Chinese importers give up or very carefully store bonded cotton because of the decline in China's cotton consumption in the year of 11/12 and the fact that the Chinese government will not increase the tariff rate and import quota for processing trade cotton because of the problem of cotton structure in 2016.

It is understood that in nearly a month or so, China's main port bonded cotton inventory dropped from 22-23 tons to 150 thousand tons, on the one hand is Uzbekistan and Africa cotton "special quotas", so that the port's external cotton inventory slipped; on the other hand, a certain amount of 2014/15 cotton, West Africa cotton, Australia cotton, Brazil cotton to some Southeast Asian ports to port (mainly including Hu Zhiming, Mumbai, etc.).

On the 10-11 th of November, the price of Qingdao SM 1-5/32 cotton, C/A SM 1-1/8, EMOT SM 1-1/8 and SM 1-1/8 West African cotton were quoted at RMB 15800-16000 yuan / ton, 14500-14600 yuan / ton, 14000-14100 yuan / ton and 13900-14000 yuan / ton, all of which were significantly higher than 3128 and 2128 of Xinjiang cotton, and the price of India cotton cotton was also up to 13500-13700 yuan / ton in the year of the pfer.