The Price Of Outer Cotton Is Less Than That Of August. Port Cotton Inventory Is About 550 Thousand Tons In August.

Although the ICE main contract broke 60 cents / pound important support position, the port M 1-5/32 and S-6 1-5/32 RMB quotations dropped to 13000-13100 yuan / ton, 13100-13200 yuan / ton (net settlement), some large and medium-sized textile enterprises reflected the rebound of orders in the month of 8/9/10, but the price of the bonded cotton and customs cotton was not weak, but Brazil cotton, Australia cotton, West African cotton, India cotton and other "less expensive city" phenomenon was more prominent, which led to the number of cotton exports to the bonded warehouse in the month of June, and the number of imported cotton in the bonded warehouse decreased compared with the same period.

Machine picked cotton and Brazil and India cotton S-6 "hang upside down" 300-500 yuan / ton; two is the Sino US trade war to stop and stop, the import of cotton and other agricultural products is to serve the overall situation, it is China's counterattack and knock on the US's "killer mace"; three is the current order is mainly domestic sales, and the buyers such as gauze, clothing and so on do not require the use of outer cotton; four is the delayed release of the tariff distribution in 2019 (the domestic cotton supply is adequate, the cotton price is not competitive under the sliding tax rate), the current customs clearance is still 1% quota, five is port post bond, customs clearance Brazil cotton, West African cotton, India cotton and other later flowers, the quality indicators, impurities, consistency and so on are not very ideal. According to the analysis of the industry, the factors restricting the sale of bonded cotton can be summed up as follows: first, the price reduction and intensity of Xinjiang cotton in the national cotton store and 2018/19 are stronger than those outside the port, and the "double 29" Xinjiang.

How much is the cotton inventory in China's main ports before August? (bonded + customs clearance)?

From the survey, statistics and estimation of several foreign and cotton trade enterprises, the total amount or more than 500 thousand tons. 1, Qingdao Port Bonded + customs clearance cotton stock slightly higher than 300 thousand tons, about 315 thousand tons; 2, Zhangjiagang bonded + customs clearance cotton inventory at about 80 thousand tons, according to 80 thousand tons; 3, Shanghai, Guangzhou, Tianjin, Nanjing and other port bonded and customs clearance cotton stocks of about 15-16 million tons (155 thousand tons, because of statistical caliber, data sources are different or some discrepancy), so the total amount of 31.5+8+15.5=55 million tons.