Foreign Cotton Port Pactions Continued To Cool ICE Return To High Oscillation

< p > March 31st, ICE cotton main force once again broke the 94 cents pass, reached 94.80 cents and then dived down to 92.51 cents, and the low point dropped to 92.51 cents, and speculative funds and multi head upside forces were weak, but confidence dropped, but still in 90-94 quarters of the body wide oscillation, indicating that China's cotton and flower control policies have been introduced in succession, the United States has signed a contract, the sales data have gradually become clear and the hype of the United States, China and India's cotton planting area has entered the countdown, the air force has begun to change, and the bears are on the defensive or gradually shifting, but the short-term stalemate, the confrontation will continue, and the next 90 cents support and 94 cents above the pressure.

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< p > on the one hand, by April 1st, the bid price of China's standard cotton was reduced from 18000 yuan / ton to 17250 yuan / ton, and there was a great downward pressure on port clearance cotton, bonded cotton and cargo cotton. On the other hand, although the "a href=" //www.sjfzxm.com/news/index_c.asp "> dumping and storage policy < /a > adjustment did not deal with the problem of" bundling "of import quota quotas for cotton and cotton, but it was learned from relevant departments that the time limit for issuing quotas related to cotton reserves was basically the same as that of last year.

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< p > and from the end of March to April, a group of < a href= "//www.sjfzxm.com/news/index_c.asp" > processing trade < /a > import quotas will be issued. These ambiguous statements are skeptical that some cotton merchants and importers and cotton mills are able to increase the quota of cotton import quotas (general trade).

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< p > according to the survey, as the ICE period cotton rise, the price of Port Bonded cotton and far month shipment cotton continued to rise substantially. Not only the US C/A SM and Uzbekistan SM quotations rose to 106.80 cents / pound, 107.5 cents / pound respectively, the US EMOT SM offer also reached 104-105 cents / pound, even the quotations of West Africa cotton such as Benin KABA/s, Burkina Faso BOLA/s, Cameroon IRMA/s and so on were close to 100 cents / pound, the psychological gap between the buyers and sellers has further increased to 7-9 cents / pound, and the enthusiasm of Chinese cotton mills and traders for enquiry and ordering continues to cool down rapidly.

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< p > two international a href= "//www.sjfzxm.com/news/index_c.asp" > cotton merchants < /a > and some importers from Qingdao, Shanghai and Zhangjiagang indicated that since the ICE fluctuated in late March, the shipment of bonded cotton was very difficult, and the shipment and arrival volume were increasing.

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< p > a lot of traders can only deal with 2-3 cabinets a week, while American cotton and Uzbekistan cotton have customers' enquiries due to the high price, and the number of Australian cotton ports is relatively small. In addition, the price performance ratio is obviously higher than that of American cotton, Central Asian cotton and West African cotton. Therefore, there are occasional pactions. Besides, the inquiry and paction of India cotton are also concentrated on the cleared S-6 1-5/32. The foreign cotton market has been continuously cooling down. Traders and foreign businessmen expect the Chinese government to issue quasi tariff or import quota of cotton for processing trade as early as possible, so as to reduce the pressure on bonded, stock and capital.

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