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Import Enterprises Default More Than &Nbsp; Paction Price Is Reduced.

2011/12/26 11:50:00 18

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 are actively failing to perform the contract. The large number of foreign investors who require the importers to pay the margin ratio of 15-20% is obviously aggravated.

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

enterprise

With the time of centralized issuing, the import enterprises that fail to open their certificates without issuing evidence or other problems are likely to increase. Some foreign businessmen even make some customer default measures ahead of schedule.

The main reasons are as follows: 1) in 2012, the import quota of cotton imports in China was very uncertain. In February 20th, the import enterprises could not use the quota in 2011. 2) the domestic cotton prices and export prices in India were 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.

21 and 22 December, foreign businessmen and large enterprises in Qingdao port

Trade

The price of India cotton S-6, which was shipped on 2012 1/2, was still 92-93 cents / lb (90 days of the letter of credit), but the actual paction price dropped to about 90 cents / pound. The price of the SM1 5/32 5/32 4/5 was still maintained at 109-110 cents / pound, but the one-time purchase order exceeded 100 tons. The lowest paction has already appeared 104.5 cent / pound price. "High and low turnover" is still a common phenomenon of high-grade cotton and cotton in Australia.

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