According to feedback from cotton traders in Qingdao, Zhangjiagang and other places, the bonded stocks of medium-staple cotton and long-staple cotton in major ports in China have rebounded slightly since late January. Among them, the growth of Sudanese cotton and Israeli PIMA cotton in 2019/20 was slightly larger; while in 3 /April shipping date: The quotations and supply of American Pima cotton in 2021/22 are still relatively small.
An international cotton merchant said that due to the sharp decline in the planting area of long-staple cotton in the United States in 2021 and the slow progress of seed cotton acquisition, processing, and exporter delivery, coupled with the high quotation of Pima cotton, buyers including China, Vietnam, and India Be cautious when placing orders. In addition, under the premise of delayed delivery by U.S. processing companies, high sea freight and tight shipping space, traders are not active in selling U.S. Pima cotton with a shipping date of March/April.
Several textile companies in Shandong, Jiangsu and other places said that judging from the quotations of international cotton merchants and large import companies, not only are there less shipments, port bonded, and customs clearance American Pima cotton, but also SJV Pima cotton, and cotton companies There is not much room for choice and negotiation.
On January 26-27, the bonded Israeli SM 1-7/16 (SM 1-1/2) 39/40GPT net weight fixed price at the port was about 318.75 cents/pound, and the direct import cost under 1% tariff was 49,100-49,200 yuan/ton. (For 2018/19 and 2019/20 vintage cotton); March/April shipping date of American Pima cotton 21-2 48/50 (strong 40/42GPT) fixed price is stable at 353-355 cents/pound, 1% The direct import cost under tariff is about 54,550-54,850 yuan/ton. In contrast, the current quotation price of US Pima cotton 21-2 48 (strong 39GPT) for customs clearance in China’s main port in 2020/21 is stable at around 57,000 yuan/ton, and does not adjust with the fluctuations of ICE and Zheng cotton futures prices. It is higher than At present, the quotation price of 3137/3138 Xinjiang long-staple cotton in the mainland database in 2021/22 is more than 8,000 yuan/ton.
A textile company in Dongying, Shandong Province reported that on the one hand, the global supply of long-staple cotton is insufficient this year, especially the recent strong purchases by buyers such as India, Pakistan, and Vietnam. In addition, the main ICE futures contract nearly exceeded 125 cents/pound, and traders are strongly sentimental. On the other hand, Xinjiang long-staple cotton in 2021/22 not only accounts for a large proportion of colors 31 and 41, but only a few of 21 and above, and the proportion of fiber length 39mm and above is also low, so spinning high-count yarns of 80S and above with cotton is somewhat Difficult, it needs to be mixed with a certain proportion of American Pima cotton or Egyptian Giza cotton.
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