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Outside Cotton: Cut Prices Stimulated &Nbsp; In Recent Months The Shipping Schedule Became The Focus.

2011/12/14 15:08:00 13

Foreign Cotton Prices To Stimulate The Focus Of The Paction

In recent days, the main futures contract of ICE futures fell below 90 cents, 88 cents or even 87 U.S. scores. The foreign and domestic traders' port spot and 1/2 month shipping date of Australia cotton and 2011/12

India

The turnover of cotton S - 6 and a small amount of cotton is relatively active.

In order to catch the tax quota at the end of December and sell the lint before the 1% tariff quota expire in the end of February, the price of an Australian cotton trader has been lowered by 1-2 cents / pound compared with some international cotton traders. Therefore, the daily contract volume has reached more than 3000 tons in the past two days, and the importer specifically requests the goods to arrive at the port by February 20th at the latest.

According to the quotation of some medium-sized international cotton traders, there are very few Australian cotton and India cotton in sailing date after February. The longest faraway contract is the February shipping date, and it is only limited to India cotton.

A foreign businessman said that cotton traders are now fighting for shipment before February 20th, because there are still some large and medium-sized cotton mills holding 1% of the 2011 tariff quotas.

India

Cotton can arrive at China's main port within 15 days from shipping to arrival. Therefore, Chinese importers choose India cotton with a February shipping date, which ensures that import enterprises will be cleared before the end of February.

On the 13 day, the price of India cotton S-61 5/32 "of 2011/12, an international cotton merchant, was quoted at 91.5 cents / pound. Although the port had quoted 89-90 cents / pound, several large cotton traders thought that the low price cotton might not be S-6 or adulterated to make the fake heavier (short fiber). It was suggested that the domestic import enterprises should first see the goods at the port and not be cheap.

At present, the import contracts for far cotton, cotton and West African cotton are mainly made by some large and medium-sized cotton textile enterprises or jointly with cotton trading enterprises at low prices, and 1% of the tariff quotas in advance of 2012 are advanced in advance. Small traders or cotton mills are very cautious about being tied up by the 2012 cotton import quota.

It is reported that due to the current domestic and foreign cotton price difference has reached 3000-4000 yuan / ton, the world's major agricultural products are facing a wave of relatively strong overturn callbacks. In recent days, some international cotton traders have already turned over many ICE futures, and 85 cents is likely to become the focus of competition among the big powers.

A foreign businessman said that because of the very weak demand in Southeast Asia and Bangladesh, only

China

The market is "good scenery", and China's policy of purchasing and storage gives the opportunity for foreign cotton to enter the domestic market in the short term.

On the 13 day, 2011/12, a domestic trader in Qingdao port, quoted the spot price of India cotton S-6 as 17700 yuan / ton (customs clearance) in the year of 2011/12. The lowest price was 17500 yuan / ton net weight. However, after sampling by some domestic cotton enterprises, it was considered that most of India cotton in November and early December were not S-6, at least not pure S-6.

Some small cotton traders or international cotton commercial J-34 or other cotton varieties are shipped as S-6.

A cotton manufacturer said that the quality of cotton in Brazil, Argentina and Spain is higher than that in India, Pakistan, West Africa or central Asia this year, and the price is only slightly higher than that in India cotton. Therefore, it is recommended that domestic cotton mills should purchase goods properly.