Financial Pressure To Speed Up Shipment Of Bonded Cotton And Cotton

< p > according to the survey, under the < a href= "//www.sjfzxm.com" > ICE < /a > the disk hit a new low for three months. Some cotton manufacturers and traders appealed to the government to restart the sale of national cotton stores in 9 and October, plus the bad influence of India's domestic cotton "wind and rain" and other bad factors. Since September, the quotations of China's main port bonded cotton and clear cotton have continued to be weak.

On the 10 day, 2012, the lowest quotations of M1-5/32 and M1-1/8 "India cotton" have slipped to 18000-18100 yuan / ton, 17500-17700 yuan / ton; M1-1/8 "Mei cotton is also only 18200-18300 yuan / ton, and some financial pressure is relatively large, and the traders who are bearish in the cotton market after September still have the intention to continue to lower the quoted price and speed up shipment.

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The current port bonded cotton is mainly Australian cotton (7 and August, the port of arrival is relatively large, and the price is higher than the capacity of the cotton enterprises, and the accumulation of cargo pressure gradually), the United States cotton, Uzbekistan cotton, India cotton and Mexico cotton. Among them, the United States cotton inquiry, goods and orders were the worst in 2012, but with the September 9th Chinese government's release of < 2013 a href= < //www.sjfzxm.com/news/index_c.asp > cotton < /a > storage and purchase rules, and after the purchase and storage, some traders in Qingdao and Shanghai showed that some domestic 400 type ginning factories had relatively strong intention to inquire and see goods, especially the Uzbek cotton, Brazil cotton and other cotton with the quality of Xinjiang cotton. < p > it is understood that

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On the one hand, cotton mills and traders are not interested in making inquiries. On the one hand, there are very few S-6 that can reach China's main port before the end of December. On the other hand, many India exporters and cotton ginning spend on S-6 instead of S-6. On the other hand, the use of sliding tariff cotton import quotas is up to the end of December. Many trade cotton or cotton mills are worried that once they get import quotas, and India cotton can not reach port before December 25th, the quota cost will only be over 2000 yuan / ton. Moreover, according to some importers, there are widespread problems in India cotton, which are large in value, poor in spinnability, heavy in impurities and "three in weight", so they are more inclined to purchase medium term flowers. < p > 9 and 10 September, the quotations of S-6M1-1/8 and S-6SM1-5/32 of a cotton merchant in India were 87.5 cents / lb, 88.5 cents / lb (guaranteed to arrive in port before December 25th, 90 days L / C), but China

Recently, due to the strong rupee exchange rate in India, the factory price of S-6 in ginning mill rose to 93.10 cents / pound in 2012, while cotton prices in Pakistan also kept steady for several days. The cotton picking and acquisition progress accelerated, and the demand for cotton mills eased and rebounded. It had certain support for Ba cotton, India a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a >.

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