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Slow sales of bonded cotton

2019-10-10 16:48

At present, about 200000 tons of bonded cotton are not cleared in China, of which 60-70% are American cotton. Other main stocks are Australian cotton, West African cotton and Brazilian cotton. The price of American cotton is about 14500-14800 yuan / ton, that of Australian cotton is about 16300-16500 yuan / ton, and that of Indian cotton is about 13500-13700 yuan / ton.

At present, the sales progress of bonded cotton in major ports is very slow, with the arrival mainly of Australian cotton, while a small amount of American cotton high-quality cotton is shipped, and Indian cotton is hard to find. The purchase of textile enterprises was cold, the domestic futures price was weak and the expected price of new cotton was further reduced, so the sales of cotton outside the port could hardly rise.

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