Foreign Cotton: Cotton Enterprises Have The Phenomenon Of Selling Goods, Increasing The Quotation Of Standard Tax

According to the survey, since late August, some traders in Qingdao, Zhangjiagang and other places have offered two RMB quotations for bonded cotton. One is the quotation under 1% tariff; the other is the quotation under sliding tariff (both of which require the buyer to clear customs with its own quota). There is a price difference of 200-300 yuan / ton between the two.

A cotton enterprise in Qingdao said that recently, the foreign cotton market presented the following characteristics: first, some traders with low inventory and urgent need to recover payment for goods had reduced their prices and dumped their goods, which led to confusion in the quotation of foreign cotton at the port, and cotton enterprises that insisted on supporting the price and resisting the decline could hardly ship the goods, and the market divergence was very big; the second was the bonded cotton quotation requiring the buyer to "bring its own sliding tariff quota" for customs clearance The number of non US cotton (such as Brazilian cotton, Australian cotton, Indian cotton, West African cotton, Greek cotton, etc.) has hit the bottom and rebounded; third, the number of Indian bonded cotton resources listed in 2018 / 19, which has been "for sale" in the early stage, has increased, trying to compete with Brazilian cotton together with the West African cotton which is eager to sell; and the fourth is the quantity of Australian cotton currently shipped and arrived in Hong Kong in 2018 / 19 Compared with the last two years, the decline is obvious. On the one hand, Chinese enterprises do not recognize the quality and price of Australian cotton; on the other hand, due to the competition of cotton mills in India, Vietnam and Indonesia, the export of Australian cotton is not bright in the East and bright in the West.

On September 1 and 2, Qingdao port quoted 12600-12700 yuan / ton for net weight of s-6m 1-1 / 8 and 13000-13100 yuan / ton for s-6m 1-1 / 8 and 13000-13100 yuan / ton for s-6m 1-1 / 8 and s-6sm 1-5 / 32, respectively. However, there are 12250-12350 yuan / ton s-61-1 in the market 5 / 32, 12200-12300 yuan / ton of Greek and Mexican cotton exist at low prices, but the general inventory is only 30-100 tons. For large and medium-sized cotton textile enterprises, there are a series of problems such as cotton blending, foreign fiber, product quality stability, etc., so although the price is low, most of them are not easy to use.

It is also understood that at present, the net weight quotations of Uzbekistan cotton and Tajikstan cotton in Xinjiang Alashankou warehouse in 2018 / 19 are mostly 12500-12600 yuan / ton, which is similar to Qingdao port and Zhangjiagang port M 1-1 / 8 Indian cotton and Brazilian cotton are not only slightly higher in grade and quality, but also more than 100 yuan / ton lower in quotation. However, they are not favored by domestic cotton enterprises due to high sugar content, high impurity and horse value, and inflexible payment and settlement.