Why Did Cotton Mills Abandon Xinjiang Cotton?

According to the survey, recently, the Shandong Wei Qiao Textile Group purchased a certain amount of bonded cotton from loudafu and other foreign businessmen, mainly cotton and cotton in Central Asia, and almost no India cotton. This is quite the opposite of the current situation of Xinjiang cotton deposited in the warehouse of the mainland.

1, as the cash flow of enterprises is relatively tight, the loan has entered the return period. Cotton mills tend to purchase cotton for 90 days or 180 days. The price of the current port SM, M grade cotton is 77.30 cents / pound, 76.4 cents / pound, and the actual delivery price is 13500 yuan / ton and 13400 yuan / ton after deducting the discount part. If the interest rate of 3 to 6 months is included, the price is obviously lower than that of domestic cotton.

2, because of the tight supply of real estate cotton, there are still some high-grade cotton in the futures and matching market. Some suppliers of Wei Qiao group have no place to organize a large number of real estate cotton sources. In order to ensure cotton consistency, spinnability and reduce "three silk", the about 300000 ton cotton in the bonded area is the best choice.

3, because most of the short-term orders are processed orders, some manufacturers explicitly require us cotton or other cotton, and the quality of new cotton is not stable. In line with the principle of "using cooked without using raw materials", cotton mills tend to purchase cotton for 2007/08, ensuring orders and quality are still the top priority.

4, the sale of Xinjiang cotton is not only cash, but also first on the account of the agricultural development bank. After deducting the principal and interest of the Agricultural Development Bank, it will then be pferred to the enterprise. Therefore, neither credit nor acceptance will be accepted. According to some cotton enterprises in Xinjiang, Xinjiang Agricultural Development Bank is worried that once the warehouse is moved to the mainland, cotton is not easy to supervise and control, and it fears that the cotton enterprises have "little moves", so they do not actively support the move to the mainland.

5, Xinjiang cotton and real estate cotton are currently losing a lot of weight and are unwilling to sell gross or net weight. We hope that the cotton mill will purchase the official weight, and the buyer will not accept it. Besides, the summer temperature is high, and the high sugar content in Xinjiang cotton still has some influence on spinning and weaving.

6, because of the tight supply of coal and electricity in Shandong, Henan, Hebei and other places, some small power plants have no choice but to shut down.

With the advent of the Olympic Games, the inspection of highway and railway pportation is much stricter. Some pport companies' vehicles and drivers are afraid to go on the road, which affects cotton pport. Cotton mills choose to purchase from Qingdao, Tianjin and other customs offices nearby.