Sales Outside The Poor Cotton Prices Have Not Used The Cotton Textile Import Quo
February 23, due to ICE cotton futures contracts in recent months, break through 80 cents / lb, foreign cotton, SM, and M-class quote also rose to 86.6-88.8 cents / lb, and 85.5-87.8 cents / lb, equivalent to 1% of the tariffs under net price of the port of delivery, respectively, 15050-15450 yuan / ton and 14900-15250 yuan / ton, the basic property with the same level of cotton prices in line. While the Indian cotton and a small amount of cotton in West Africa the price of domestic cotton is slightly lower than the 200-300 yuan / ton, but the “three wire”, impurities and consistency somewhat less, resulting in many enterprises believe that the Indian cotton with cotton price is not high. If the slide in accordance with para-tariff imports, 23, outside the Cotton SM class with the same level of prices close to Xinjiang, and even the U.S. cotton to be a little upside down, while the M-class cotton and cotton, compared with three real estate will have to inversion 200-300 yuan / ton.
Of an international cotton trader, said that since February 21 since the inquiry and to the port every day look for a significant reduction in the domestic cotton mills, there is less sign of intent, 24 did not even telephone inquiry, the company worried that if the outside the cotton prices continued to rise or sustained high sideways, some domestic cotton is likely to breach of contract, cotton buyers will be reluctant to pick up the goods arriving at the port. It is reported that the port delivery of the most recent days before the 63-68 cents / lb for cotton procurement contracts signed. In addition, domestic and international cotton prices flat or inverted, on the black market sale of import quotas of cotton basically stagnant, although there is 1500-1600 yuan’s offer, but should rarely happens.
It is understood that there is little cotton spinning enterprises to use sliding para-tariff import quotas on imports of cotton, Hubei, Henan, Anhui and other places a lot of cotton has not been reflected in sliding tariff quota issued messages. 3,4 month of the relevant state departments in the industry is expected to increase the quota for the issuance of its efforts on the one hand to satisfy the demand for imports of cotton enterprises; the other hand, stabilizing cotton prices, beware of a strong cotton prices rose.
However, I believe that if one million tons sliding the majority of tariff quotas in processing trade quotas, according to the current prices of the foreign cotton, cotton may not be used unless the ICE futures contracts in recent months, fell to 75 cents / lb or so, quota in order to play a role, therefore, solve the supply and demand in the latter part of the key is to accelerate Xinjiang transport, so that at least 1.5 million tons of cotton can be used in circulation as early as possible to reach the mainland warehouse is to stabilize the cotton market, repression forced to import large quantities of lies. Since 2009 the annual high-level supply of American cotton fell sharply, while the Xinjiang decline in the amount of high-grade lint public prosecutor for more than 1.5 million tons, therefore, the U.S. high-grade cotton and not much room for Xinjiang cotton prices down.
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