Imports Of Cotton Bonded Cotton Sales Weakened By &Nbsp; Centralized Procurement At The End Of The Year.

It is reported that 10-11 months, there are still some international cotton traders concentrate on shipping 2010/11 cotton and cotton. India cotton Most of China's main ports, including cotton, cotton and India cotton, were imported from Indonesia, Vietnam, Bangladesh and other countries because of the default of importers in Southeast Asia, Bangladesh and other countries in 2011. Bonded area A number of foreign businessmen are delivered to China's import enterprises according to the contract, while some foreign businessmen are selling them for bonded cotton.

Several domestic importers said that because most of the contracts were clear that foreign merchants could use India cotton and West African cotton instead of cotton and Australian cotton, some foreign merchants threw low grade India cotton, mixed mixed batches, short staple cotton and West African cotton to Chinese import enterprises, and contract disputes increased significantly compared with previous years. In the 2011 year when cotton prices rose at home and abroad, some cotton traders did not deliver goods, and procrastinate delivery or repurchase large quantities to get better profits. But in the end, this part of cotton was transported back to China from the United States and India.

In October 17th, some traders in Qingdao, Zhangjiagang and Shanghai reflected that the spot sale of bonded cotton was rather laborious, not only in the bonded area, but also in the cotton enterprises and traders, and the enquiry rate also showed a decreasing trend. The cotton picking enterprises began to slow down with the signing of the contract, and the parties were waiting for further clarification of the futures and spot markets. 17, a domestic trader, India cotton S-6, SM grade cotton, M grade cotton and a small quantity of M grade West African cotton, were quoted at 19100 yuan / ton, 20800 yuan / ton, 20000 yuan / ton, 20000 yuan / ton respectively, which was lowered by 200 yuan / ton compared with the quotation before mid October. However, some foreign businessmen arrived in India in November 2010 /11 year at least 300 yuan / ton than the above price.

According to some foreign businessmen, the market for ICE futures will continue, but the reason for the rise is not enough. The bottom line is still the main direction. The main contract is likely to test 92 cents and 90 cents. With the falling price of seed cotton and lint in the Chinese market, the price of 19800 yuan / ton of standard cotton purchase and storage has been gradually accepted by the cotton processing enterprises in the mainland and Xinjiang. Therefore, the purchase and storage from November to February will become the most important fulcrum of China's cotton market. Foreign investors generally believe that whether they can receive more than 1 million 500 thousand tons or not is only a matter of falling and falling cotton prices. From the point of view of consumer market and price, early fall is better than late. Once China's storage capacity reaches more than 2 million tons, the opportunity and space of cotton imports will enlarge in 5-9 months in 2012, even if the government can stabilize the supply and demand gap by throwing and storing it after May. Price It can only push up the market and attract speculation, so in the first half of 2011/12, India cotton or Mei cotton need to "price for space".