Cotton: Pay Attention To Full Duty Import ICE Rebate Limited Shipment

In view of the "near weak and far strong" that ICE has recently shown, foreign businessmen and importers generally believe that, on the one hand, the US cotton and West African cotton can arrive at /1 in December. India cotton The quantity is very limited, the shipment has been very tight, the inquiry of domestic cotton enterprises and traders has been weakened. On the other hand, the Chinese government is going to adjust the import tariff of cotton slipping in 2013 and the recent Chinese government's low price purchase of the cotton and cotton rumors.

According to some foreign businessmen, because China's cotton reserves reached a record high in 2013, and the willingness to protect cotton was planted, even if the tariff quotas were not adjusted, there was little hope for the issuance. Improvement trade Quotas will still occupy the main body. Another noteworthy problem is that although most of the main ports in China do not limit the 40% tariff clearance of cotton to the outside world, once the ICE main contract continues to oscillate below 70 cents or even 70 cents, or will trigger a sharp increase in the number of customs declarations in Qingdao, Shanghai, Zhangjiagang and other major ports next year, there will be variables for the relevant state departments to introduce restrictions on import measures.

From the perspective of import demand, Pakistan China and Turkey and other countries are more interested in American cotton, and the price is relatively positive. Especially for the southeast, central and South cotton areas with low grade, low horse value or short length, the demand for lint is very good. Some traders reported that ICE's recent rebate had restricted the shipment of bonded cotton. Some cotton mills which planned to order have temporarily chosen to wait and see because of the increase in the price of bonded cotton. The higher recovery of external commodities (bulk agricultural products) is the main reason for ICE's rebound.

In November 20th, a Qingdao company quoted price as follows: Brazil cotton SM1-5/32 "quoted 19600 yuan / ton; Paraguay cotton, SM1-1/8" quoted price 19400 yuan / ton; Argentina cotton, SM1-1/8 "quoted 19100 yuan / ton; American cotton SM1-1/8" quoted 19200 yuan / ton; Ivory Coast cotton SM1-1/8 "quoted 19300 yuan / ton; Australia cotton SM1-5/32" quoted 19800 yuan / ton. Because of the relatively stable demand of cotton producers in Australia and South America, some manufacturers are only willing to use American cotton or India cotton and West African cotton, so the whole sales of bonded cotton are not active.