Foreign Cotton Wide Width Shock Spinning Enterprises Pay Close Attention To Purchasing

2021/10/20 1:20:00 0

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According to the feedback from cotton trading enterprises in Qingdao, Zhangjiagang and other places, since the first and middle of October, bonded cotton, non bonded inquiry and shipment of China's main ports have been significantly accelerated, especially for mid high quality cotton of the United States, Brazil and Australia in 2019 / 20 and 2020 / 21; However, the performance of Indian cotton (including CCI rotation resources), West Africa cotton and other cotton production areas is relatively poor.

A cotton import and export company in Huangdao said that in the past week, compared with Zheng mianlian's record of more than 10 years, ice cotton futures fluctuated from 116.48 cents / pound high point, the price difference between domestic and foreign cotton was significantly expanded, and the price competitiveness of bonded and foreign cotton shipping goods continued to strengthen. Some cotton textile enterprises with short-term stock replenishment demand and quota in hand timely purchase when ice plunges.

According to the survey, the accelerated decline of port cotton inventory in recent days is also related to the following two factors:

First, China National Textile Group and China cotton group have successively put in imported cotton resources since early October (purchasing bonded cotton and selling at the same time). Due to the advantages of basis difference and quality index, it has been widely concerned and favored by cotton enterprises. The daily turnover rate is generally above 60%, and the bonded cotton and non bonded cotton inventory have decreased;

Second, the appreciation of RMB, the direct cost of imported cotton and cotton yarn decreased. Considering the high purchase cost and sales quotation of Xinjiang cotton in 2021 / 22, the pace of purchasing cotton outside the port was accelerated.