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According to the survey of Qingdao, Zhangjiagang, Shanghai, Guangzhou and other ports, since mid-February, the stocks of bonded and customs clearance cotton have continued to rise.
Qingdao Port (Jiaonan, Huangdao) has increased pressure on the storage capacity of some bonded warehouses and transit warehouses.
Well, the warehouse with convenient access to goods is in a hurry.
A medium-sized cotton trading company in Huangdao stated that since mid-February, ICE futures and Zheng cotton futures have risen simultaneously, the quotations of cargo, bonded and customs clearance cotton have all increased (basis remain stable), and port spot inquiries and transactions have continued to weaken.
The arrivals of American cotton, Indian cotton, Brazilian cotton and West African cotton during the November-January shipping schedule have increased significantly.
The “less outgoings and more inbounds” have led to high cotton stocks in China's main ports.
Judging from the quotation resources of several large international cotton merchants and importing companies and the feedback of some warehouses, the total amount of cotton outside the port is expected to rise to 530,000 to 550,000 tons, an increase of 60,000 to 70,000 tons from the end of January.
The stocks of cotton, Indian cotton and Brazilian cotton increased rapidly.
The specific estimates are as follows: Qingdao Port (including Huangdao, Jiaozhou, and Jiaonan) bonded + customs clearance cotton stocks are about 305,000-32 million tons, and the proportion of American cotton and Brazilian cotton is significantly ahead of other producing cottons; Zhangjiagang cotton stocks are about 95-105,000 tons , Mainly US cotton, Indian cotton, Brazilian cotton; Shanghai Port, Nanjing Port, Ningbo Port, Tianjin Port, Guangzhou Port and the outer cotton warehouse of the inland free trade zone are about 120,000-130,000 tons (inventory growth is significantly lower than that of Qingdao, Zhangjiagang, etc.
Main port).
Two cotton traders in Henan and Jiangsu judged that as ICE’s main contract approached the 95 cents/pound mark, the CF2105 oscillating box moved upward to 16,500-17,000 yuan/ton, and cotton textile mills, fabrics, clothing and foreign trade companies needed more As the high cost is digested for a long time, the short-term cotton stocks outside the port may maintain a pattern of more in and out, and the pressure on storage capacity is not easy to ease.
Qingdao Port (Jiaonan, Huangdao) has increased pressure on the storage capacity of some bonded warehouses and transit warehouses.
Well, the warehouse with convenient access to goods is in a hurry.
A medium-sized cotton trading company in Huangdao stated that since mid-February, ICE futures and Zheng cotton futures have risen simultaneously, the quotations of cargo, bonded and customs clearance cotton have all increased (basis remain stable), and port spot inquiries and transactions have continued to weaken.
The arrivals of American cotton, Indian cotton, Brazilian cotton and West African cotton during the November-January shipping schedule have increased significantly.
The “less outgoings and more inbounds” have led to high cotton stocks in China's main ports.
Judging from the quotation resources of several large international cotton merchants and importing companies and the feedback of some warehouses, the total amount of cotton outside the port is expected to rise to 530,000 to 550,000 tons, an increase of 60,000 to 70,000 tons from the end of January.
The stocks of cotton, Indian cotton and Brazilian cotton increased rapidly.
The specific estimates are as follows: Qingdao Port (including Huangdao, Jiaozhou, and Jiaonan) bonded + customs clearance cotton stocks are about 305,000-32 million tons, and the proportion of American cotton and Brazilian cotton is significantly ahead of other producing cottons; Zhangjiagang cotton stocks are about 95-105,000 tons , Mainly US cotton, Indian cotton, Brazilian cotton; Shanghai Port, Nanjing Port, Ningbo Port, Tianjin Port, Guangzhou Port and the outer cotton warehouse of the inland free trade zone are about 120,000-130,000 tons (inventory growth is significantly lower than that of Qingdao, Zhangjiagang, etc.
Main port).
Two cotton traders in Henan and Jiangsu judged that as ICE’s main contract approached the 95 cents/pound mark, the CF2105 oscillating box moved upward to 16,500-17,000 yuan/ton, and cotton textile mills, fabrics, clothing and foreign trade companies needed more As the high cost is digested for a long time, the short-term cotton stocks outside the port may maintain a pattern of more in and out, and the pressure on storage capacity is not easy to ease.
