The Bonded Warehouse Is Full Of Cotton, And The Shipment From The Port Is Slow

According to the feedback from Cotton Traders in Qingdao, Zhangjiagang, Guangzhou and other places, in the past half a month, with Zheng cotton breaking down repeatedly, the price of Brazilian cotton, American cotton and Indian cotton base and the transaction of hanging orders have improved slightly, and the cotton inventory of port customs clearance has decreased. As the import quota of 1% tariff is very tight, the mood of large and medium-sized cotton mills chasing after the air is strong, as well as the postponement of replenishment and the concentration of foreign cotton arriving in Hong Kong in March, the overall inventory of port cotton continues to rise.

At present, some of the bonded warehouses with good location and convenient access in and out of Huangdao port are full of cotton. Most of the bonded warehouses require the cargo owners to merge warehouses, speed up the sale of storage capacity or increase the storage cost, etc., but the storage capacity pressure is still close to the warning line. A trader in Zhangjiagang said that as of April 2, the total cotton inventory in Zhangjiagang area was about 77600 tons, up 0.18% compared with last week; among them, 53600 tons of bonded cotton, increased by 1.6% compared with last week; the number of foreign cotton declared and planned to arrive in April was still relatively large, and all bonded warehouses and intermediate transfer warehouses were in full swing.

According to the survey, since March 25, the main contract of ice cotton futures has continued to consolidate at 77-81 cents / pound, but large and medium-sized cotton textile mills and traders holding 1% import quota generally delay the purchase and contract delivery of ship goods and bonded cotton; in addition, the basis difference of foreign cotton quoted by traders in the United States and gold is relatively strong, so the signing of ship cargo and bonded cotton is very light, even individual Traders reflect the high quality and high quotation of Australian cotton, American cotton transaction stalled. According to the industry analysis, the soaring raw materials of cotton, energy and chemical industry in February overdraw the orders of cotton yarn, grey cloth, fabric and clothing. It takes time to repair the profit distribution of the industrial chain and the confidence of the terminal market.