Cotton Enterprises Clearance "Chen Cotton" RMB Price Favored.

According to feedback from cotton trade enterprises in Qingdao, Zhangjiagang, Shanghai and other places, Zheng cotton's CF2009 contract once again fell below 12000 yuan / ton. In 2020, Australia cotton started shipping to the main port of China in late May and worried about the decline in cotton demand in the cotton mill during the off-season of 7/8 month's domestic orders. Moreover, in recent days, the new crown pneumonia epidemic has rebounded in the US, China and Brazil. Cotton enterprises have increased shipments in customs clearance or bonded cotton, Brazil cotton and West African cotton in 2018/19. Low grade and low prices have attracted more attention.

Judging from the survey, the current Qingdao port 2018/19 annual cotton M 1-5/32 (strong 28GPT) and 31-3 36/37 (strong 28GPT) yuan net weight quotes are 12480-12510 yuan / ton, 12710-12790 yuan / ton, lower than the new cotton price of 2019/20 yuan 150-200 yuan / ton; and a small amount of 2018/19 cotton India S-6 M 1-1/8 (strong 28GPT) quotes 11850-11880 yuan / ton, and the new cotton price difference of 2019/20 is only 30-50 yuan / ton, but on the one hand, the number of Chen cotton stocks is relatively low, and the funds are not very large. On the other hand, the purchasing cost of India cotton is high in 2018/19, and traders are not willing to go out at low prices.

A cotton enterprise in Qingdao said that since June, the focus of inquiries, goods and purchases of cotton textile enterprises and middlemen in the mainland has been the price of Renminbi quotas for port customs clearance. Interest in bonded and 6/9 sailing ships of Australia cotton, West African cotton and American cotton has not been high. First, the import quota of cotton within the 1% tariff is very tight in the near future. Some traders require the buyer to bring 1% quotas for the "cargo" sale. Two, with the CF2009 contract breaking 12000 yuan / ton, 11800 yuan / ton, the price of the clearing cotton base price is down 200-300 yuan / ton (individual enterprises India cotton and Brazil cotton basis callback); three is the textile enterprise purchasing "with the purchase", and the traders' cotton sales are also "batch". "Adjusted" to "retail", 1, 2 cabinets also actively shipped, four is the pressure of devaluation of the renminbi, procurement of "far month shipping date" outside cotton leads to the cost is very difficult to determine, is not conducive to accounting orders.