Imported Cotton Sales Hot, Low Price Cotton Is Particularly Prominent.

Since 2019, textile enterprises have shown great interest in imported cotton.

According to traders, with the expiration of the quasi tax quotas and the price advantage of imported cotton at the end of February, enquiries and orders for imported cotton continue to be hot.

According to statistics, as at the end of February, Qingdao Port imported about 300 thousand tons of cotton stocks, mainly cotton, cotton, Brazil cotton, India cotton, West Africa cotton, Mexico cotton mainly, a small amount of Central Asian cotton and Greek cotton.

In February, Qingdao ports were mainly cotton and other high priced cotton, and shipped mainly in India cotton, Brazil cotton, West Africa cotton, Mexico cotton and Sultan cotton in March.

Because the price of low price imported cotton is superior to the price of Xinjiang cotton, and the lower end products in the lower reaches are better, so the demand of the market for low price imported cotton is large.

At present, the port has a large warehouse output, but the new goods have been warehousing, and there is no significant decrease in the import cotton stock.

At present, the price of imported cotton in Qingdao port is about 15000-15700 yuan / ton (net weight warehouse), and only Sultan cotton price is less than 15000 yuan / ton (net weight warehouse).

It is understood that the late February shipment of the India cotton quotation is as low as 78 cents / pound, equivalent to 13300 yuan / ton (the net weight of the port with its own quotas). With the rise in domestic prices in India, the India cotton quotation for forward shipment has risen to 84 cents / pound, equivalent to 14200 yuan / ton (the net weight port has its own quotas), but compared to the domestic Xinjiang pick-up cotton double 29 Cotton 15700 yuan / ton (gross weight Xinjiang pick up price) still has the price advantage.

It is understood that by the end of March to mid April there will be tens of thousands of tons of new annual low price India cotton to Hong Kong in succession, then the market demand for low-priced cotton will be relatively eased.