According to quotations from cotton traders in Qingdao, Zhangjiagang, Guangzhou and other places, the current quotations for customs clearance Indian cotton S-6 SLM 1-1/8 and S-6 SM 1-5/32 (strong 29GPT) are 11400-11500 respectively. yuan/ton, 11,800-12,000 yuan/ton (some trades are reluctant to sell, the quotation of SM 1-5/32 reaches 12,100-12,200 yuan/ton); while the quotation of M 1-1/8 Brazilian cotton, M 31-3-36 US cotton They are 12,600-12,700 yuan/ton and 13,100-13,150 yuan/ton respectively. The price difference between Indian cotton and US cotton continues to expand to 1,100-1,200 yuan/ton; while the price difference between Brazilian cotton and US cotton also widens to 450-550 yuan. /Ton.
A trader in Huangdao said that since the reserve cotton rotation started on July 1, the port Inquiries and shipments of foreign cotton, whether bonded or customs cleared, continue to be deserted. Even the low-quality and low-price 2018/19 and 2019/20 Brazilian cotton, Indian cotton, and American cotton, which were relatively active in May/June, were obviously affected. Shandong, The yarn mills in Henan, Jiangsu and other places have slowed down significantly in inspecting goods and placing orders, and they are in a wait-and-see and price-cutting mood. Although with the rise of ICE and Zheng cotton, some traders have lowered the basis difference of Indian cotton (CF2009+ basis), with the intention of promoting volume and selling goods, but the actual effect is not obvious. On the one hand, Indian cotton has too many impurities and poor consistency. Most yarn mills need to re-open bags, remove impurities, and remove short fibers. The cotton yarn production rate is low, and the cost reduction effect is not outstanding. On the other hand, India mainly uses roller cotton, and the content of foreign fibers (three-filament, etc.) is relatively high. , you need to be cautious when making cotton yarn with a count of 40S and above; due to the impact of the new crown epidemic, the recovery of export orders is relatively slow. Textile and clothing companies need to make every effort to ensure stable delivery quality and lay a good reputation and order acceptance for the “post-epidemic” era. Base.
From the survey, although there are currently not many Indian cotton quotations (USD quotations) for 2019/20 in port bonded and June/July shipping schedules, and the supply of goods is not sufficient, customs clearance However, the quantity of Indian cotton is relatively large. With the gradual arrival of Australian cotton in Hong Kong in 2020, the full advancement of the first phase of the China-US trade agreement, the rotation of reserve cotton, and the expected substantial growth in Indian cotton planting area/production in 2020/21, there will be negative news. As a result, traders had to rush to sell goods at low prices. </p
