Cotton Import Atmosphere Begins To Warm Up

Recently, a number of foreign institutions and foreign trade and import trade enterprises have reported that the state plans to throw a certain amount of cotton in the 2008 cotton storage and 2011/12 annual storage in November. According to the current high grade Xinjiang cotton enterprises, almost 100% of them are used for storage, the port free trade zone and the far month shipping period are not large enough for the high grade flowers in the United States and cotton. In addition, in 2012, the state can no longer issue cotton import quotas, and the real estate cotton is generally four or five class.

From ICE cotton futures and

On the other hand, there is a lack of funds and Cotton Traders' hype, and the popularity of international commodities is at a low concussion. The ICE futures contract in December, which is lower in the US cotton grade, less available for deliveries and China is not limited to purchase and storage, India's domestic cotton prices are stable and the global economic warming is expected to be supported, is likely to be tested up to 74-75 cents in the short term. However, the decline in the price of speculative funds in the long term contracts and the decline in cotton prices after the end of China's acquisition and storage, and the global cotton inventories and consumption are higher than that of the new ones.

According to the survey, since October,

Zhangjiagang, Shanghai and other main port bonded areas have a certain amount of customs clearance India cotton, Australia cotton, American cotton and West African cotton in the sale, domestic cotton enterprises and traders attention is also focused on the spot after the clearance of cotton on the spot, the interest of the bonded cotton is not high.

These customs clearance mainly pay 40% customs duties in full, and even 83-85 cents per pound of external cotton is also a customs clearance.

Some foreign and importing enterprises say that because there is no quota of cotton imports, and the pressure of enterprise funds is relatively large, customers are eager to pick up the goods, so they can only choose full tariff import to ease their pressure on all sides.

In recent months, the ICE market has dropped considerably. In the far months, the domestic cotton enterprises of India cotton, West Africa cotton, American cotton and Greek cotton made an upward trend in the import and export atmosphere.

According to several foreign businessmen, some large domestic cotton mills and traders worried that 2012/13 cotton could not deliver on time because of its length, strength and horse value, but from the contract.

To replace the delivery situation, the green card cotton, C/A and other issues for the final delivery is not large. Moreover, according to the appendix of some contracts, cotton can be replaced by other cotton producing areas.

On the 26 day, a India cotton merchant made a December shipping quote: S-6M1-1/8 "83.8 cents / pound, S-6SM1-5/32" 84.5 cents / pound.