Port Bonded Cotton Increases, Old and New Indian Cotton Spreads Wide

It is understood that on December 4th and 5th, Qingdao, Zhangjiagang, Shanghai and other ports will offer 18100-18200 yuan/ton for the 2011/12 Indian cotton S-6, which is 800-100 yuan higher than the 2010/11 Chen cotton price. / Ton, but in January 2012, the quotation for Indian cotton fell to 90-92 cents per pound, and the price under a 1% tariff and sliding tariff was only 14500-15000 yuan/ton, which was at least lower than the current price. Almost 3,000 yuan/ton.

Several international cotton traders analyzed that the current price of Indian cotton is high, one of which is based on pre-order delivery, and the price is generally high; the other is supported by the domestic storage price, and the fourth cotton is stable at 19,000-19200 yuan/ton; Third, because import quotas are already in short supply, US cotton and Australian cotton are all concentrated in Hong Kong, and even if the Indian cotton price is reduced, there is hardly any trading volume. In recent days, the transfer price of sliding quota import quotas for Shandong, Jiangsu, Henan and other places has risen to around 1200 yuan/ton, and the import quota for cotton within 1% tariffs has risen to 2,000 yuan/ton or more, and it is almost impossible to obtain a single ticket. Some enterprises have had to rush to purchase import quotas for customs clearance as soon as possible due to the large number of foreign cotton purchased in December.

It is reported that the Indian cotton arrived in Hong Kong in December was mainly flowered in the previous period, and had a high content of short cashmere. Moreover, the value of horses was generally too high, the fiber strength was low, and the inherent quality of cotton was not good, and although most of the international cotton merchants were marked as Indian cotton S, -6, but some domestic Indian companies analyzed that the number of S-6 lints arriving at the main port of China before the end of December was not large. Many Indian cotton processing companies incorporated J-34 or a large amount of J-34 seed cotton into the S-6 seed cotton. During processing, the high-grade S-6 cotton is pretending to be delivered to international cotton merchants, and due to the lack of sufficient supervision, some cotton traders are predominantly able to perform as long as they can meet the standard delivery, resulting in the Chinese import companies not only losing money, but also quality. Take a big loss.

On December 5th, the quotations for Indian cotton S-6 and M-grade West Africa cotton in 2010/11 for an import and export enterprise in Qingdao port were 17,200 yuan/ton and 18,400 yuan/ton respectively, but few transactions were made; 16800-17,000 yuan/ Although tons of Indian cotton prices have appeared, due to tight quotas, most cotton mills plan to purchase high-grade US cotton, Australian cotton, and Brazilian cotton with a 1% tariff quota, and have little interest in Indian cotton.

As for the foreign cotton trend in December, foreign investors generally said that it is difficult to judge that the cotton market is more financially oriented and that short-term supply and demand factors have failed. If the euro zone’s 2 trillion euro rescue plan is implemented, non-agricultural data in the United States will continue to improve. , QE3 launched in the first half of 2012, China's monetary policy turned to relax, then ICE** is difficult to break below 90 cents in the short term; but if the European rescue fails, ICE** test 85 cents or even 80 cents exist.

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