Imported Cotton Inventory Pressure Is Hard To Say Optimistic

The on-the-spot investigation was informed that there was no obvious easing of the phenomenon of central pressure on cotton and other commodities, reflecting the downward pressure on the economy.

Cotton is piling up, and inventory pressure is hard to say.

The cotton traders who are "stuck".

Qingdao's Huangdao port, China's largest cotton import port, is showing a state of "cotton full".

This year's imported cotton has been "

But cotton traders are still hoarding imported cotton.

Qingdao Jinyu Logistics Co., Ltd. is a large cotton logistics enterprise in Qingdao bonded port area.

The stock of the cotton store has reached 40 thousand tons of the company's full load.

The head of the company told the China Securities Journal reporter that the cotton inventory situation in previous years had never been full this year, and the stock reached 70% before.

The lint that is compressed into cuboid is stacked up nearly 20 meters high. The earliest time for cotton to arrive at port is January 2011.

The situation of these enterprises is not a case. At present, more than 100 cotton logistics warehouses in Qingdao bonded area are full, and cotton is piling up.

Because cotton developers misjudged the situation, they sold a lot of cotton in order to make a big profit when the cotton price was low.

A cotton trader said that in the past, traders overloaded tens of thousands of tons of goods even more, and now overstock tens of thousands, or even one hundred thousand tons of goods.

Traders are already in the minority.

According to the current market, a ton of cotton will be overloaded, and traders will lose at least 3000 yuan. If the backlog is one hundred thousand tons, they will lose hundreds of millions of dollars.

The storage cost of many warehouses has risen from about 0.7 yuan / ton to 2 yuan / ton, but it is still difficult to stop increasing cotton storage.

As the warehouse of Qingdao bonded zone is full, many dealers are eyeing the warehouses of Weifang and Gaomi.

"Orders were basically discussed last year. Many cotton spinning enterprises generally believe that the price of imported cotton is very low this year, so they have to copy the bottom and increase the import volume of cotton."

A person in charge of a cotton spinning enterprise in Shandong said that the price of imported cotton is about 14000 yuan / ton compared with the current domestic price of 18200 yuan / ton, and the price difference is about 4000 yuan per ton, while the highest price is 5000 yuan / ton.

However, because of the quota system, cotton can not be imported even if the imported cotton is pressed.

There are more than 100 cotton distributors in the Qingdao free trade zone. Most of them are on the sidelines. They expect to issue additional quotas or wait until September when they are short of cotton in Southeast Asian countries.

Based on the current high inventory problem in textile industry, the reasons for the sharp increase in cotton inventories are: on the one hand, the international cotton price dive, which makes cotton merchants' import enthusiasm increase, resulting in domestic

Supply has increased significantly; on the other hand, the economic downturn has led to sluggish demand for downstream enterprises.

Cotton dealers' pressure to digest inventories in the short term is hardly optimistic.