US Cotton Competitiveness Is Rising, And The Space For Middlemen To Move Bricks Is Getting Smaller And Smaller.

Taking into account that in the middle of February, the US cotton has signed 86% export contracts in the middle of February. In the year of 2016/17, Uzbekistan cotton not only offered too high price, but this year's Department hopes to reduce the "special import quota" separately for Central Asia cotton and West Africa cotton, and it is not suitable for operation. And the quality and grade of the cotton in 2017 and the 2017 reserve cotton are about to be opened.

There are more obvious conflicts, so we can only hope to harvest Australian cotton and Brazil cotton harvested in 2017.

Recently, the quantity and price of the "pre-sale" of Australian cotton in the 5-9 month sailing period increased significantly. However, due to at least two and a half months from the launch of new cotton, the weather and rainfall in the main cotton producing area of Australia were more uncertain (cotton production, quality and acquisition diversification). The shipping date was less than 3/4 months and nearly 2 cents / pound of quality cotton. Only a few Chinese buyers were buying ON-CALL cotton in Australia.

According to the survey, since the beginning of February, Qingdao,

Traders in Shanghai and other traders reported that 2016/17 cotton and India cotton arrived in the bonded warehouse in succession in the year of 2016/17, and some traders began to pre sell C/A, MOT, EMOT and M/E cotton arriving before mid March. However, the volume of warehousing and port arrivals before the end of February are expected to decline sharply compared with the same period in previous years.

As the supply of goods is concentrated in the hands of several large international cotton merchants and importers, most of the large and medium-sized cotton enterprises with import quotas are directly linked to foreign trade and trading companies. In addition, the 2016/17 India ginning factory and exporters broke the contract and broke the contract seriously.

We are struggling to cope with (claims or allow replacement of cotton from other cotton producing areas), so the opportunities for middlemen to enter the market are less and less.

From the quotation of foreign and importing enterprises, February, 20 and 21 days, the shipping date of C/A GC 21-2-39/38, M/E GC 41-4-38/37 and EMOT SM 1-5/32 "," 2/3 "SM" 1-5/32 "," the Far East Main Port "quoted respectively 88 cents / pound, 85.50 cents / pound, 84.75 cents / pound, 84.25 cents / pound (the price), compared with the overall reduction of 2.50 cents / pound in February 15th, but the quotations of the same period (") "and" India "were still as high as 84.50 cents / pound, 84 cents / pound, and the quotations of" Mei Mei cotton "and" India cotton "were once again" overlapping "(the price of the ginning factory in Jiangsu Province was generally lower than the foreign trade contract cents / pound), and the export competitiveness rose.

Some textile enterprises reflect the recent two characteristics of the cotton spot market: first, the quotations of high quality and high quality such as C/A, M/E, MOT and EMOT have been gradually pulled off, such as the difference between the early C/A GC 21-2-39 and C/A GC 21-2-38 is only 0.50 cents / pound, but now it has been expanded to the 1.25-1.50 cents / pound, and the difference between the GC and the GC is enlarged to the cent / pound.

According to the analysis of the industry, the supply of high quality machine picked cotton in 2016/17 is relatively tight. China's spinning out of reserve cotton will probably not meet the needs of cotton spinning and weaving of high count yarn and combed yarn. The auction will trigger a sharp increase in the price of high-grade cotton and make a "foreshadowing" for the early adjustment of cotton prices. Two, foreign and import enterprises will ship and ship goods slowly to the main port of China and sell 2/3/4 cotton for the month. In addition to the contract delivery, they do not plan to increase the amount of "consignment sales". Most of the US cotton and Central Asian cotton are shipped to Southeast Asian ports such as Indonesia, Malaysia, Vietnam and India.

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