China Cotton Enterprises Need To Pay Attention To India Cotton "Buy Back"

The US dollar quotation is obviously higher than that of the < a href= "//www.sjfzxm.com > cotton < /a > Enterprise expectation. Even if the first batch of import quota quotas for the" quasi tax "tied to the state auction was first issued in the first half of April, some small and medium importers still think that the price of imported cotton is still high on the basis of sliding quasi tax (for example, in early April, the CIF quotation of India cotton S-6M is 95-96 cents / pound, the price of the customs clearance is 16000 yuan / ton, but the cost of the customs tariff is calculated after the cost of the sliding tax quota is at least 19200 yuan / ton), so in the early April, the port free trade zone still showed the situation of" more and less exports, less arrivals and less ports ". < p > according to some traders in Qingdao, Shanghai and Zhangjiagang, due to the rise in ICE since mid March, foreign cotton has been triggered.

The customs clearance of cotton was also adjusted to the customs clearance of processing trade by paying 40% full customs clearance from 2 and March.

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The proportion of processing trade quotas imported from the main ports in China accounts for about 50% of the total. Currently, the quota of processing trade quotas in 1% tariffs is mainly on the one hand, 3, April, < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "_blank" > clothing > < orders > from Southeast Asia to a certain extent "reflux", while the quotations of India and Pakistan cotton yarn quotations "uncontrolled" increase makes it difficult for importing enterprises to operate, and the confidence of some large and medium-sized cotton mills has been restored; on the other hand, some enterprises take the quotas of processing trade quotas in the form of "fake export" and "Hongkong one day tour". < p > an international cotton trader reckons that before mid March to mid April,

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The main reason for "Transferring port" is that the price of cotton in India, Vietnam, Philippines and other countries is higher than the domestic cotton price 2-3 cents / pound, and the profit of "port pfer" is obviously higher than domestic sales. As at mid April, the export of < a href= "//www.sjfzxm.com/news/index_c.asp" > India cotton < /a > has exceeded the expectation. Some foreign and domestic cotton textile enterprises are worried that there will not be enough cotton in domestic market in India in April and June, and they will buy high priced cotton, West African cotton or central Asian cotton. So since March, some domestic cotton processing enterprises, trading companies and international cotton merchants in India have gradually increased the "buy back" strength of India cotton, especially the India cotton S-6 in the month of 4/5. < p > according to the survey, since the middle of March, several major international cotton traders and large domestic import and export companies have increased the India cotton, American cotton and African cotton in the main port free trade zone of China.

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< p > a trader in Shanghai said that because the price of S-6M grade cotton in India is now about 90 cents / pound, the repurchase price of India cotton exporter and < a href= "//www.sjfzxm.com/news/" > International Cotton trader < /a > is generally at 88-90 cents / pound (in India domestic repurchase price), and the repurchase price of China's main port is 91-92 cents / lb. if Chinese buyers do not agree to buy back, there will be no shipment or delivery on time by India suppliers, so some traders sign contracts at 82-85 cents / pound to allow India cotton enterprises or international cotton traders to "buy back" in order to reduce possible losses and troubles in the later stage.

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