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Domestic High Grade Cotton Is Not Connected To &Nbsp; Textile Enterprises Focus On Long-Term Cotton.

2010/7/31 15:05:00 52

Affect our country

cotton

Import is not only important for inventory and price, but also another important variable is cotton demand.

After China's accession to the WTO, the barriers to trade in textiles have been abolished. Especially in recent years, China's textile industry has turned into a deficit, and its efficiency has been rising. The surge in demand for cotton is an important reason for the increase in China's cotton imports.

This year, domestic cotton supply has been in a state of high demand, especially high-grade cotton. After the third batch of quotas have been issued, many enterprises have prepared for the rainy day.

At present, more and more enterprises are paying more attention to long-term cotton.

Despite the recent loosening of domestic cotton prices, enquiries for foreign cotton are still more active, and some enterprises also have actual procurement.

From the good export data of the US cotton, we can see that in the past ten years, the sale volume of new cotton (upland cotton) pre-sale contracts reached more than 700 thousand tons in July, only in 2002, 2008 and 2010 in the next year. In other years, even if there were more than 700 thousand tons in the initial stage, they were accumulated in the previous year.

This year, the total import quota of cotton has reached 3 million 600 thousand tons, but cotton has not been left much this year, and the market has begun to pay more attention to new cotton.

Chinese enterprises increase the purchase of new cotton, which is a support for forward futures price and plays a role of underpinning the spot price.

Recently, domestic cotton spot is slightly loose.

Although domestic cotton prices decline, but it does not affect.

Enterprise procurement

The momentum of long term cotton.

Because the market supply is still tight next year, enterprises will start to seize resources in advance. The companies holding the quasi tax quotas will try to use their quotas as far as possible before the end of the year.

At present, the market can carry cotton in October, with only a small amount of Brazil cotton and cotton in some areas of East Africa. Far away, the focus is on the cotton that can reach the port before December 20th.

Although enterprises have the intention to buy cotton, but because the import quota is most likely to be imported, the buyer can only ask the seller to ship the goods to the port as far as possible by December 20th, so as to complete the customs clearance before the end of the year.

However, the new cotton that can be shipped before the end of the year is only India cotton and American cotton.

India cotton

It takes 15-20 days to pport to China. Shipment starts in November. It doesn't have much trouble in mid December. It takes 20-30 days for us cotton, and the shipment period is pretty tight.

The US Cotton Corp said that as of late July, the US cotton 10-12 month shipment of cotton has been oversold, only a small number of 10 and November shipping date Brazil cotton and West Africa cotton can be accepted.

Uzbekistan cotton is mainly sold through a few state-owned companies, and full payment is made. Therefore, before the end of August, the International Cotton Traders' enthusiasm for Central Asian cotton operation was not high.

Market rumors that India will release exports in the next year (beginning in October).

The largest source of imports, the United States cotton can start picking in September, but the US cotton pport cycle is too long.

At present, the demand for cotton in the United States is relatively large, and the shipping pressure is heavier. Once the pport delays occur, the quota will be affected.

According to USDA statistics, as of July 1st, China has signed 136 thousand tons of new cotton contract in the United States, reaching the highest level in the same period of history.

In fact, if an enterprise requires the seller to arrive on schedule, it will ensure that the arrival cotton merchant will increase the sales price as appropriate, but more enterprises can not make absolute assurance.

Perhaps the early issuance of quasi tax quotas will enable cotton procurement to seamlessly integrate.