2016 High Quality Australian Cotton Will Be The Focus Of Textile Enterprises In 6-10 Months.

In late May, Qingdao, Zhangjiagang, Guangzhou and other bonded areas

The quotations of SM1-3/16 and M1-3/16 are 79.30 cents / lb, 78.30 cents / lb (2015 year old cotton, the lowest strength 28GPT, and the M level are relatively limited), while the 5/6 month shipping date 2016, SM1-3/16, M1-3/16 and the lowest 30GPT price are 80.25 cents / lb, 79.50 cents / lb, the new cotton strength is very good, the supply is adequate, the consistency is high, and the CNF quotation is only higher than the 2015 cotton Chen 0.9-1.2 cents / lb.

Textile enterprises in Henan, Jiangsu and Zhejiang indicated that the quality cotton in 2016 will be

6-10 month procurement priorities.

At present, the price of Australian cotton and West African cotton in 2012 auctions is basically 14000-14500 yuan / ton, 13000-13300 yuan / ton, which is basically the same as the price of cotton in the port of Brazil, but the color grade and strength are relatively low. In the 2016 year, the quality of Australian cotton is superior to that of quality and price, and the imports of cotton from the national cotton store have been basically cleared. In 2015/16, the quality of Xinjiang cotton has been consumed by about 90%, except for some parts of its stock. The US cotton spot and 5/6 shipping date in the port of the United States are going to be ready for the 2015 cotton market in.

Recently, China's main ports 6/7 monthly sailing India cotton S-6, MCU5's CNF quotations were 71.50 cents / lb, 72 cents / lb, showing a continuous slight rebound trend, but May arrival, delivery volume is not large, international.

And Chinese importers are not interested in operating India cotton.

On the one hand, there is no price difference between India cotton and traders, and the business of losing money and making money can not be done. In late May, the factory quotations of S-6 and MCU5 were 70.10 cents / pound, 70.80 cents per pound, respectively, and the price difference with the Far East Main Port (including China) was only 1.20-1.40 cents / pounds. Except for pportation costs and pportation losses, traders did not lose profits. Most of them would lose money. On the other hand, because of the strong demand for high-quality cotton in India's domestic textile factories, the gap was more obvious. The cotton ginning factory first gave priority to the supply of domestic cotton mills. The export lint was mainly made of low grade, low quality S-6 and J34, and it was difficult to spin 40S cotton yarn with cotton. Chinese buyers bought India cotton relatively cautiously.

In addition, although there are still 50-60 tons of 1% import tariff quotas for cotton imported by the end of May, which is not used by the end of May, but considering the attraction of Australia cotton and Brazil cotton in 2016, plus the "pitional" role of US cotton, Ukrainian cotton and Australian cotton in port 6-8, the buyer is not interested in cotton.

Although the ICE futures contract rebounded strongly after hitting a low of 60.25 cents / pound in mid May, the May 27th high 64.59 cents / list rose 7.2% in half a month, but the price of CIF, CNF and FOB on the spot rose slightly. Since May 13th, US cotton, Australia cotton, Ukrainian cotton and West African cotton have risen 3.50-3.75 cents / lb, though lower than ICE, but have attracted high attention from buyers such as China, Vietnam and Mexico.

Some foreign businessmen responded to the increase in spot price quotations from foreign cotton. Since late May, since the end of last year, the price of enquiries has decreased and turnover has declined. The textile enterprises with stronger willingness to replenishment have bought a small quantity of cotton and cotton in the US. As a result, the quotations of Recap3, Recap4 and Recap5 in Brazil in the year 2015 were 69.60 cents / pound, 68.60 cents / pound, 68.60 cents / pound, compared with the 9 price / pound of 5/6 cotton futures, the Chinese cotton mills and traders had more enquiries on the Brazil cotton, but the price was not high because the price was higher than that of the textile enterprises.

A textile manufacturer in Shandong said it plans to purchase 2016 cotton in Australia, 2013 auction of New Zealand cotton in the 2013 year, and part 2015/16 cotton blended 40S cotton yarn.