6 In July, the number of consignment cotton in the bonded area of ​​China dropped significantly

According to the survey, in June and July, the number of consignment cotton in China's bonded areas dropped drastically. At present, there are only 42,000 tons of cotton left in the bonded area of ​​Qingdao. The number of consignment cotton in Zhangjiagang Free Trade Zone is still about 25,000 tons, but most of the cargo rights belong to domestic cotton enterprises. The amount of outer cotton available for sale and circulation has been very limited.

Recently, ICE** contract fluctuates in recent months. However, the quotations of cotton outside the bonded area are relatively stable, only 100-200 yuan/ton lower than in early July. Import and export companies are still selling on schedule, and in July there was no Short-sinking plan. An import and export company in Ningbo also has about 30,500 tons of SM-class US cotton, West Africa cotton and Indian cotton S-6. In mid-July, it signed a 15,000-ton cotton purchase and sale contract with a large-scale cotton textile company in Binzhou, Shandong Province. Tons, with their own quotas, Qingdao port delivery, the transaction price with the domestic cotton price fluctuations up and down adjustments. On July 21st, the net port weight of SM, M cotton in China's main ports will be priced at 17500-17700 yuan/ton and 17200-17400 yuan/ton, if it will be 200-300 yuan per ton Calculated, it is lower than domestic cotton of the same level 600-800 yuan / ton.

Due to the expansion of domestic cotton supply and demand gap in 2010/11, India's cotton export policy is still very unclear (No adjustment has been made on whether or not the tariff of 2500 rupees/ton tariff has been adjusted and the export time is allowed, and small and medium-sized cotton traders are very cautious when operating Indian cotton). It is hard to be optimistic about the Sinotrans cotton transport situation. In recent days, many cotton spinning companies have called on the government to consider extending the final period of validity of the import tariff quota for 2010 to the end of February 2011 to ensure that domestic cotton mills purchase cotton at low prices. However, the relevant departments did not respond.

According to statistics, in 2010 the country issued a total of 3.5 million tons of cotton import quotas, but as of June the actual import of cotton was about 1.545 million tons, and still nearly 2 million tons of cotton import quota was not used. The industry believes that if the domestic cotton enterprises in 2010 will focus on the import of cotton, it will certainly impact on the listed price of new cotton, Xinjiang cotton sales and out of Xinjiang. Therefore, the 600,000 tons of national reserve cotton wheel on the one hand is conducive to the maintenance The stability of the cotton market; on the other hand, “there is progress”, is favorable to the collection and storage of Xinjiang cotton in 2010/11, and stabilizes the cotton industry and social stability in Xinjiang.