Ice Cotton Futures Broad Market Price Continued To Oscillate

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Since the middle of March, ice cotton futures have continued to rise and fall sharply and fluctuate in a wide range. The main force rose from 112.07 cents / drop to 137.99 cents / pound in July, and then fell back to 130.81 cents / list. After a short period of storage, it "took off from the ground" again, rising to an 11 year high of 144.78 cents / pound, and diving to 138 cents / pound for consolidation.

Affected by this, the price difference between the spot prices of American cotton, Brazilian cotton, Indian cotton, Australian cotton and other ships, or bonded cotton, has been greatly widened, and traders and international cotton merchants have been in chaos. On the one hand, ice futures have continued to soar since 2021/22, and there is a wide gap between the contracted purchase prices of cotton enterprises; On the other hand, with the recovery of the shipping / arrival capacity of American cotton and Indian cotton in 2021 / 22, coupled with the continuous cold clearing of bonded / customs clearance cotton transactions of foreign cotton, port cotton inventory continues to rise, and the psychological differentiation of cotton enterprises is increasing. Some cotton enterprises with tight capital flow and strong shipping awareness "reduce the basis difference" and special price orders disrupt the market atmosphere.

According to the survey, the buy it now price of Brazilian cotton m 1-1 / 8 in domestic main ports is lower than 148-150 cents / pound; The middle price is 152-154 cents / pound, the high price is 155-157 cents / pound, and the difference between the high and low points is 8-9 cents / pound; The same problem also occurred in American cotton and Australian cotton. For example, on April 18-19, the low price of American cotton 31-3 / 31-4 36 / 37 was 149-151 cents / pound, and the high price was 158.60-160 cents / pound. The difference between high and low prices was nearly 10 cents / pound.

Several cotton textile enterprises in Shandong, Jiangsu, Henan and other places said that there was a big gap between port bonded and shipping cotton quotations, which made people very confused. They needed to make repeated inquiries and comparisons, far more than just comparing goods; In addition, the inspection results of some American cotton and Brazilian cotton are quite different from the quality of large goods (the buyer is required to check the goods in the warehouse and conduct sampling inspection) and some warehouses in Qingdao and Zhangjiagang have postponed or suspended the import and export of cotton, so they are very cautious to place orders,

First, they are worried that cotton is expensive;

Second, they are worried that cotton can not leave the warehouse or transport vehicles can not go up and down the high speed;

Third, the cotton quality index can not meet the requirements of spinning and cotton blending.