A Sharp Reversal In The Market Of Cotton Imports In Southeast Asia

According to feedback from Cotton Traders in Qingdao, Zhangjiagang, Guangzhou and other places, since the middle of April, the number of cotton and cotton imported from Hong Kong for delivery and bonded warehouses in 2016/17 has increased gradually, mainly in the form of several major international cotton traders and large import enterprises, and basically shipped according to the contract. Buyers have a direct clearance and a high proportion of outbound goods, so part of the bonded area is low in stock (or slightly less than 50%).

A trader in Qingdao said that the main cotton imports in 3 and April were mainly C/A, MOT, EMOT and SJV PIMA, while India cotton was mainly implemented in the early stage of shipment and delivery contracts. The price of the buyer's S-6 was 75-78 cents / pound.

As Zheng's contract rebounded strongly in recent months (from 14645 yuan / ton to 15425 yuan / ton), the cost of warehouse receipt turned up was raised, and the daily sale of reserve cotton was selling daily, and Xinjiang cotton resources increased sharply (the maximum increase of 2340 yuan per ton per ton in April 18th). The paction rate and paction price of real estate cotton were also rising. In the year of 2016/17, Xinjiang cotton and real estate cotton were also ready to move. Therefore, some large and medium-sized cotton mills and traders rebounded and heated up the inquiry and purchase of cotton outside the port.

Mainly in recent years, the difference between the inside and outside cotton prices was narrowed (spot only reported 100-200 yuan / ton, dragging Zheng's leg seriously), and at the same time, he was worried.

A large number of uses result in the grade and quality of the cotton mill (the problem of "three silk" is heavier) and the stability is reduced (the need for multiple cotton blending). Therefore, some foreign trade companies and garment factories specify the use of American cotton or Australian cotton and Brazil cotton as raw materials.

According to the survey, although Chinese buyers signed up for import and export of cotton and cotton in 2016/17 for the year of 2016/17 in the year of the year of the year of 138 thousand and 100, according to customs statistics, in February 2017, the number of cotton imports in China increased by 20.2%, an increase of 145.7% over the same period of the previous year, and an increase of 145.7% compared with the same period last year. The total import volume of 253 thousand and 500 tons in the first 2 months of 2017 increased by 66.7%. However, a large number of foreign and cotton exporters are still pferring the focus of sale and pre-sale to Southeast Asian ports, such as Vietnam, India, Bangladesh, Indonesia and Pakistan. The headquarters of a foreign Pacific region also plan to move to Hu Zhiming or Mumbai.

First, compare

On balance, Southeast Asian countries have a blowout on demand for high-grade commercial cotton, especially Vietnam, Indonesia and India, and three cotton textile powers are far ahead of the GC, SM and M grades.

According to the USDA monthly report, the import volume of Vietnam, India, Bangladesh, Pakistan and Indonesia reached 1 million 176 thousand tons, 501 thousand tons, 1 million 350 thousand tons, 588 thousand tons and 697 thousand tons respectively in 2016/17, while the import volume of China was only 980 thousand tons, which was significantly lower than that of Bangladesh and Vietnam. Moreover, the cotton textile industry in Southeast Asia and Bangladesh was flourishing, and cotton demand still had a very wide growth space.

Second, the number of Chinese cotton reserves is lower or lower than expected. To go stock is still a long way to go, and the pressure on imported cotton is still very prominent.

Judging from the recent paction of cotton reserves, the key factor determining the current turnover rate is the proportion of Xinjiang cotton (Xinjiang cotton has a large turnover rate and aggressive traders), but the rotation of real estate cotton is also imminent. It is estimated that the actual volume will be lower than that of the 2 million 600 thousand tons in 2016.

Third, compared with Chinese textile enterprises, traders and Southeast Asian countries.

The ability to accept and digest is stronger, and cotton traders are better off.

The labor cost, tax rate and other hidden costs of India, Pakistan and Indonesia are obviously lower than those of China's textile enterprises, but the price of yarn is 1200-1500 yuan / ton against the same cotton yarn in China (at present, the price of India 4/5/6 C32S A+ bleaching yarn is 24800-25200 yuan / ton, while the price of domestic made C32 yarn is only 23200-23500 yuan / ton), so the profit margin of the cotton mill is high.

According to the importers of Jiangsu, Zhejiang and Guangdong, the net profit of India, Pakistan and Vietnam should be at least 1000-1500 yuan per ton of domestic textile enterprises, and the purchasing power of the cotton, cotton and Brazil cotton should be stronger.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.