According to feedback from cotton trading companies in Qingdao, Zhangjiagang, Guangzhou and other places, since November, not only the spot stocks of bonded and customs cleared medium- and long-staple cotton in ports for 2018/19, 2019/20, and 2020/21 have become increasingly scarce, but also 1 /March shipping schedule for 2021/22 American SJV Pima cotton, Egyptian Giza cotton, and Israeli PIMA cotton have also declined significantly compared with the same period in previous years. Only a few large and medium-sized international cotton merchants have SJV Pima cotton for 2021/22. Cotton quotation, and the contract deposit ratio and payment method are relatively strict.
Several cotton-using companies in Shandong, Jiangsu and Zhejiang said that in addition to a handful of 2020/21 SJV Pima cotton, there are also a small amount of 2018/19 and 2019/20 Israeli PIMA cotton in stock at various major ports in China. and medium-staple cotton of cotton M 1-1/4 and above from Sudan, Peru and other origins. However, on the one hand, the quantity is small, the batches are large, and the quality varies greatly, which is not conducive to the spinning and production of high-count cotton yarn; on the other hand, various Traders are reluctant to sell and have a strong desire to hold on to the goods and sell. Furthermore, the additional cotton import quotas with sliding tariffs issued in 2021 have expired, and buyers are waiting for the release of import quotas within the 1% tariff in January 2022.
According to the survey, since mid-December, the quotations for the January/March shipping date of 2021/22 SJV Pima cotton 21-2/21-3 39 (strongly only 33GPT) in China’s main ports have been concentrated at 135.30-136.90 cents/pound. , the direct import cost under 1% tariff is about 21,000-21,300 yuan/ton; while the port spot price of Israeli PIMA SM 1-7/16 (SM 1-1/2 strong 39/40GPT) in 18/19 is 308- 309 cents/pound, the import cost under 1% tariff is about 47,700-47,800 yuan/ton; while the quotation of US SJV Pima cotton 21-2/21-3 48 (strong 40GPT and above) in 2020/21 is as high as 355 About US cents/pound (traders generally do not accept counter-offers and there is no discount). The import cost under 1% tariff is 54,800-55,000 yuan/ton, which is higher than the Xinjiang long-staple cotton 3138/3139 41-42CN/TEX Xinjiang internal warehouse quotation More than 7,000 yuan/ton.
</p
