According to the quotations of cotton traders in Qingdao, Zhangjiagang, Guangzhou and other places, the current customs clearance of Indian cotton S-6 SLM 1-1/8, S-6 SM 1-5/32 (strong 29GPT) is priced at 11400-11500 yuan/ton, 11800- 12000 yuan/ton (some trades are reluctant to sell, SM 1-5/32 offers reach 12100-12200 yuan/ton), Brazilian cotton M 1-1/8, American cotton M 31-3-36 offer 12600-12700 yuan/ton, 13100-13150 yuan/ton, the spread between Indian cotton and American cotton continued to expand to 1100-1200 yuan/ton, and the difference between Brazilian cotton and American cotton also widened to 450-550 yuan/ton.

A trader in Huangdao said that since the start of the reserve cotton round on July 1, the port’s inquiry and shipment of cotton, whether bonded or cleared, have continued to be deserted, and the low quality and low price of relatively active transactions in May/June 2018/19 In 2019/20, Brazilian cotton, Indian cotton, and American cotton were also significantly affected. Shandong, Henan, Jiangsu, and other ground yarn mills saw a slowdown in order to watch goods and place orders. Although as the ICE cotton and Zheng cotton rose, some traders lowered the Indian cotton basis (CF2009+ basis) to promote sales and shipments, but the actual effect is not obvious. On the one hand, Indian cotton has too many impurities and poor consistency Most spinning mills need to re-open bales, remove impurities, and remove staple fibers. The production rate of cotton yarn is low, and the cost reduction effect is not prominent. On the other hand, India is mainly top roller cotton, and the content of foreign fibers (three filaments, etc.) is high. It is prudent to make cotton yarns with 40S and above counts; affected by the new crown epidemic situation, export orders resumed slowly, and textile and apparel companies need to make every effort to ensure stable delivery quality, laying a good reputation and order basis for the "post-epidemic" era.

From the survey, although the current port bonded and June/July shipping schedule for 2019/20 India cotton quotation is not much (US dollar quotation), and the supply of goods is not sufficient, but the amount of Indian cotton clearance is relatively large, with the 2020 Australian cotton gradually The arrival of Hong Kong, the first phase of the Sino-US trade agreement, the full rotation of the reserve cotton, the 2020/21 annual cotton planting area/production are expected to increase significantly, and other negative impacts have hit traders.