资讯 1 10 英文网 283 Cotton News 605281 Foreign cotton: customs clearance cotton shipments rebound, textile companies’ willingness to replenish inventories rebounds 2022-09-16 16:31:17 shenhe
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Foreign cotton: customs clearance cotton shipments rebound, textile companies’ willingness to replenish inventories rebounds
2022-09-16

According to cotton trading enterprises in Qingdao, Zhangjiagang, Shanghai and other places, in the past week or so, the RMB quotations of foreign cotton resources in China’s main ports have rebounded, and the price inquiry and transaction have rebounded. Among them, the 2020/21 and 2021/22 US cotton transaction is slightly better, and African cotton, Indian cotton, and Brazilian cotton shipments also rebounded slightly; however, due to the large upside down of domestic and foreign cotton prices, the countdown to sale of 2022/23 new cotton, and the continuous depreciation of the RMB exchange rate, most of the traders’ quotations have a certain negotiation and bargaining space, and it is not uncommon for the price to be reduced by 200-300 Yuan/ton to facilitate transaction. 

 

A cotton importer in Qingdao said that the industry generally has certain expectations for the rebound of “golden September and silver October” orders in the cotton textile and garment industry, the forward orders received by spinning and weaving enterprises in August/September also continued to rise, and the export and domestic sales terminals are expected to improve; in addition, the cotton and other raw material inventories of textile enterprises are at a low position so far, and the market price of the main force of Zhengzhou cotton CF2301 fell to 14,000-14,500, so the willingness of spinning mills to replenish inventory in the short term is slightly stronger. 

 

According to the survey, from September 8 to 9, the RMB quotation of Qingdao Port Bonded US cotton 31-3/31-4 37 was concentrated at 21,000-21,300 Yuan/ton (net weight), while the quotations of bonded Brazilian cotton M 1-5/32 ( the strength of 28/29GPT) also reached 20,500-20,800 Yuan/ton, and the price difference with the same index US cotton fell to about 500 Yuan/ton, but considering the high lint rate, low length and slightly larger impurities, most textile companies choose US cotton. In addition, the quotation of Indian cotton M 1-5/32 for customs clearance is only 18,000-18,400 Yuan/ton, which is lower than the price of 2,000-2,500 Yuan/ton for Brazilian cotton of the same quality, so the inquiry and shipment also increased compared with June/July. 

 

Cotton spinning companies in Jiangsu, Zhejiang and other places have reported that since the second quarter of 2022, the proportion of yarn mills in India, Pakistan, Vietnam and other countries has continued to be high, and the production capacity of OE yarn, C32S and below low-count ring spinning has declined, so some Southeast Asian orders tend to return to the Chinese market (exports to Europe and the United States are still based on traceability orders), and cotton mills pay more attention to and inquire about bonded low-quality/low-index US cotton, Indian cotton, and African cotton.