According to feedback from some cotton textile enterprises in Jiangsu, Zhejiang, Shandong and other places, considering that the price difference between domestic and foreign cotton has been relatively inverted since mid-June, and foreign orders are mainly short orders, small orders, and urgent orders, the focus of foreign cotton procurement is at the port. Foreign cotton resources that have been cleared by customs (priced in RMB), US cotton/Brazilian cotton/Indian cotton/West African cotton have received slightly more attention and inquiries.
However, a medium-sized textile company in Zibo, Shandong said that due to the large differences in procurement costs and different processing periods of customs-cleared cotton among traders, and the cash flow of cotton companies, the quotations of bonded cotton and customs-cleared cotton at the port are very confusing, and the price difference is very large. , procurement not only requires warehousing sampling, but also requires repeated negotiations between the buyer and the seller to determine the contract price. It is worth noting that around the end of June, a small number of cotton traders in Qingdao, Zhangjiagang and other places, in order to quickly withdraw funds, sold bonded cotton and customs-cleared cotton with low stocks at low prices, triggering inquiries from cotton companies with rigid demand. price and place a firm order.
It is understood that the fixed prices of Brazilian cotton M 1-1/8 and M 1-5/32 (strong 28/29GPT) cleared at Qingdao Port on July 4-5 were concentrated at 21,300-21,500 yuan/ton and 21,600-21,800 yuan/ton respectively. / ton (net weight settlement); while the fixed price of US cotton 31-3/31-4 37/38 is as high as 22,000-22,400 yuan/ton, and as of now, the mainland warehouse “Double 29” Xinjiang cotton machine picking cotton quotation It’s only 18,450-18,650 yuan/ton. Even taking into account the difference in gross weight and net weight settlement, the price difference between U.S. cotton and Xinjiang cotton still reaches more than 3,000 yuan/ton.
A cotton trader in Jiangsu reported that since June, the price difference between Indian cotton M 1-5/32 (strong 29GPT) and Brazilian cotton and US cotton has reached 1,300-1,500 yuan/ton and 2,000-2,400 yuan/ton, plus Due to the scarcity of orders for high-count and high-value-added cotton yarn, cotton spinning companies have adopted measures to “reduce cotton allocation and yarn count” to cope with the situation. Therefore, the customs clearance Indian cotton inquiry/shipment situation is slightly better (including CCI rotation resources), and non-bonded cotton stocks The rate of decline is faster than that of US cotton, Brazilian cotton, West African cotton, etc.
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