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Under The Uncertainty Of The Market, The Default Of Foreign Cotton Import Enterprises Is Rising Rapidly.

2011/12/26 13:16:00 7

Recently, some foreign and domestic traders have reflected India cotton.

American cotton

The situation of breach of contract is on the rise. In particular, some contract importers who fail to pay the margin or have relatively low margin have failed to perform the contract actively. There is also a growing concern that the importers should pay the margin of 15-20% to the large and medium-sized enterprises.

Some foreign businessmen reflected that they entered the country in January and then imported into the country.

enterprise

With the time of centralized opening, the import enterprises that fail to open their certificates with no evidence or other questions are likely to increase continuously.

Foreign businessman

And even advance some customer default solutions.

The main reasons include:

1) in 2012, the import quota of China's cotton import slide tax is very uncertain. Before February 20th, the import enterprises could not use the quota in 2011 for customs clearance.

2) the domestic cotton prices and export prices in India are falling far beyond the scope of import enterprises.

3) at the end of the year, some enterprises did encounter difficulties in issuing certificates.

According to some cotton traders in Qingdao, Shanghai and Zhangjiagang bonded area, by the middle of December, the storage capacity of the port free trade zone outside the port was increasing. It is estimated that the quantity of India cotton will increase significantly in 1 and February. The storage price of many bonded warehouses is rising obviously. The warehousing cost of cotton in the Qingdao and Shanghai bonded areas has risen to 0.85-1.0 yuan / ton / day. The charge for the old customers is slightly lower, but it has also been raised to 0.70-0.80 yuan / ton / day.

On December, 21 and 22 December, the price of India cotton S-6 in 2012 1/2 was still 92-93 cents / lb (90 days), but the actual paction price dropped to 90 cents / pound; SM1 - 5/32.

Australian cotton 4/5 month shipping price is still maintained at 109-110 cents / pound, but the one-time order of more than 100 tons, the lowest paction has appeared 104.5 cents / pound price, "high and low turnover" is still a high level of cotton, cotton and cotton in general.

However, a India cotton trader believes that the India cotton before January is mainly pre - flower, including S - 6, which is of poor quality. In addition, some international cotton traders and India processing enterprises jointly make adulteration (including J-34 or even short fiber, leftovers, etc.), and the internal quality and spinnability are relatively poor. Therefore, it is suggested that enterprises should make India cotton for 2/3 months sailing date.