Australia Cotton Turnover Enlarged &Nbsp; Pakistan Flood Impact Is Limited.

In September 6th, Qingdao, Shanghai, Zhangjiagang and other main port bonded areas, some of the traders in India S-6 were 20500 yuan / ton, M class cotton cotton quoted price of 21000 yuan / ton, West Africa Benin grade M cotton quoted price was 20500 yuan / ton, the actual spanaction price could yield 200 yuan / ton, but several foreign businessmen thought that domestic traders had high quoted prices, of which Australia cotton quotation was at least 500 yuan / ton higher.

A certain Singapore Cotton merchant It is said that in recent days, a large number of foreign merchants have a large volume of spot and forward Australian cotton trade. The spot area of the port bonded area is less than 300 yuan / ton of domestic traders. Only 5 days, the foreign contracted amount of Australian cotton reached 5000 tons, causing the market to guess the cotton price close to the bottom.

It is reported that since the beginning of September, floods in Pakistan have intensified, and a large number of cotton fields have been washed away by floods. Some cotton traders estimate that the loss may exceed 1 million packages (less than 200 thousand tons). Therefore, in Pakistan, not only did cotton stop rising in September 6th, but also the cotton yarn quoted price rose to 50 yuan / ton, causing some domestic cotton yarn importers to panic. However, most foreign businessmen said that the actual loss was only 10-20 tons. In the 6 and July of the southern part of Pakistan this year, the floods and the yield and grade of lint have been greatly affected. The recent floods have little impact on the supply and demand side, while the cotton growth and weather conditions in neighboring India are better. lint Reduction and loss.

In addition, since mid August, although some cotton plants in the southern part of the United States have been picked up and listed, but because of the very low lint quality and short fiber length, it is impossible to generate ICE warehouse receipts. And only 40% of the cotton can meet the procurement requirements of buyers. Therefore, in September, most of the international cotton traders were promoting India cotton and Australia cotton in the far months. Only two or three of the foreign businessmen were still mainly American cotton.

Some cotton traders said commodities and ICE futures There is still a big drop in space from one to two rounds. Moreover, because of the large number of hedging units at 21000-22000 yuan, the real market pressure will show up after 11 and December, and the contract will fall below 19800 yuan / ton in January. Therefore, there will be some room for the decline of foreign cotton. Customers need not rush to import now and wait for the opportunity. However, in the short term, attention should also be paid to the US government's policy of stimulating employment, and QE3 is coming out amid the slump. Cotton importers should observe more and act less.