Cotton Imports Have Not Improved Significantly, India Cotton Base Deviation Low.

From the feedback situation of trade enterprises, the sales situation of imported cotton has improved slightly after May 1, of which Brazil cotton and American cotton have better delivery conditions, and textile mills purchase a small amount of replenishment. However, due to the slow recovery of domestic sales and the obvious improvement of export orders, demand side driving power is limited, and the overall delivery is still slow, and port stocks remain at a higher position.

Judging from the current quotation of imported cotton, a number of traders in recent years have significantly reduced the cotton basis in India this year. That is to say, loading S-6 varies according to the length index, only 200-300 points in the ICE7 month contract. The quotation is about 5-6 cents lower than that of the same grade Brazil cotton and American cotton.

Other varieties of cotton have less fluctuation in recent quotation. At present, Brazil cotton (9-12 month shipment) is quoted according to the quality of the contract, and the contract price is 850-1200 points in July. According to the quality, the United States cotton has 1000-1300 quotations according to the quality, and the Australian cotton premium in the recent month is 2200-2500. In addition, there are a small amount of cotton and low cotton value Chen cotton and India cotton and Chen cotton bonded spot are selling at a low price. The quotation varies according to the quality indicators in July, up 400-600 points.