It is understood that on October 18th and 19th, the December/January shipping schedules of foreign merchants and import enterprises are 2016/17 EMOT GC 31-3-37, EMOT GC 31-3-36 and The quotations of EMOT GC 21-3-36 are 84.49 cents/pound, 83.49 cents/pound, and 83.99 cents/pound (CNF quotation), while the quotation of EMOT for the 1/3 shipping period is 0.50 lower than the December/January shipping period. cents/pound, which shows that cotton merchants are not optimistic about the trend of ICE’s main contract.
The quotations of U.S. cotton, West African cotton, Central Asian cotton, etc. all showed “high at first and low at the end”. On October 19, a foreign company quoted 1/3 shipping date of Kaba/s 1-1/8″ in Benin and Manbo/s 1-1/8″ in Ivory Coast at 81.49 cents/pound and 81.49 cents/pound respectively. The price difference from EMOT GC 31-3-36 is only 1.50 cents/pound.
According to customs statistics, in 2015, my country imported 45,400 tons, 13,700 tons, 11,400 tons, and 10,700 tons (more than 10,000 tons) of lint cotton from Cameroon, Côte d’Ivoire, Benin, and Burkina Faso respectively. Although they accounted for a proportion of China’s total imports It is not large, and the import volume has also declined significantly with the sharp decline in China’s imports, but the proportion has continued to increase slightly compared with 2013 and 2014. It is understood that some domestic cotton textile mills, cotton customers and middlemen are not optimistic about the consumption and import volume of West African cotton in 2016/17. The reasons are summarized as follows:
1. West African cotton has no price advantage over cotton from other producing areas.
Since mid-October, the quotations of Brazilian SM, Mexican SM, and Indian cotton S-6 for the November/December shipping date are 82 cents/pound, 80 cents/pound, and 79.5 cents/pound respectively, while 1 /The quotation of West African cotton in March is generally around 81.49 cents/pound, which is about 2 cents/pound higher than the S-6 quotation and about 1.5 cents/pound higher than the South American SM grade.
2. The quality of West African cotton has not improved significantly and its competitiveness is not strong.
Since the opening of the Chinese market in 2010, African cotton has attracted the attention of Chinese textile companies due to its high breaking strength, high horse value and relatively good spinning and dyeability. However, the color grade is poor, the “three-filament” content is high, Shortcomings such as low consistency and high short staple rate have always been prominent. Enterprises spinning high-count yarns of 40S and above are generally unwilling to purchase African cotton as cotton. Although the quality is relatively close to that of American cotton and Brazilian cotton, there is a big gap in other indicators.
3. The import demand of Chinese textile enterprises is mainly high-grade and high-quality cotton.
Considering that the price difference between domestic cotton prices in 2016/17 and those in India, Pakistan and other countries is nearly 4,000 yuan/ton (the ex-factory price of Indian new cotton S-6 and J34 ginneries on October 18 is about 78.90 cents/pound and 74 cents/pound, the equivalent RMB prices are 11,700 yuan/ton and 11,000 yuan/ton respectively, and the current price of real estate cotton “3128” is 15,500-15,700 yuan/ton), so imported yarn will still pour in and To occupy China’s low-count yarn market, Chinese textile companies can only accelerate transformation and improve equipment levels and product grades. High-count yarns, combed yarns and new fiber yarns are the most important directions for adjustment.
4. The limited cotton import quota cannot take care of African cotton.
Since October 15, according to the regulations of relevant departments, domestic textile enterprises and import business enterprises can declare the 2017 cotton import quota within the 1% tariff. Not only the quantity is still 894,000 tons, but also 33% of state-owned trade. Considering that the rotation of state cotton reserves will start after March 2017, and it is unlikely that domestic cotton production will be less than 4.7 million tons in 2016, the hope of additional sliding tariffs and processing trade quotas is basically dashed. In line with the principle of “good steel is used on the blade”, import quotas are still mainly used to import Australian cotton, US cotton, Ukrainian cotton, Brazilian cotton, etc.
Extended reading: Increase knowledge-Characteristics and spinning requirements of African cotton
African cotton is generally packaged in cloth or plastic, large or medium, 180-220KG/bag. The outer packaging only has weight and no other markings. Once a quality problem occurs, it cannot be traced back. In some areas, due to confusion in batching, processing quality and color consistency are poor, and the quality is often different under the same bill of lading number. In general, cotton contracts in this area do not stipulate quality indicators, and the transaction is based on samples. Therefore, it is necessary to check on-site whether the physical quality is consistent to ensure Large goods are consistent.
The fineness of African cotton fiber is moderate, the average single fiber strength is 29-30GPT, the fiber uniformity is above 81%, and the short staple rate is low. Short staple below 15mm is about 14% or less. The yarn strength is high, and the manufacturing rate is higher than U.S. cotton and Australian cotton are used, but due to the high seed content of the raw material, it is difficult to remove them during the production process, resulting in high neps in the yarn, which affects the quality of the gray cloth surface, and is suitable for use in woven dyeing blanks.
From the perspective of appearance quality, African cotton is milky and yellow, and the processing quality of Zimbabwe cotton is better, and there are differences in other origins; from the perspective of internal quality, African cotton is finer, with horse value between 3.9-4.4. The degree is generally around 6000, the length is between 28-30mm, the uniformity is good, and the strength is high.
Burkina Faso cotton and Cameroon cotton contain high levels of fine impurities, especially fibrous seed crumbs, which are generally 2-3 times that of domestic cotton and are difficult to eliminate. For raw materials with high seed crumbs, they must be passed through the blowing and carding process. Adjust process parameters to reduce defectsEliminate them early to avoid affecting the quality of the finished product. The first is to shorten the cleaning cycle of the channel, the second is to optimize the speed of each beater and fan, and the third is to adjust the carding and opening distance. Through repeated trials, the optimal combination point of drop rate and yarn quality is determined. Burkina Faso cotton contains high sugar content, level 4-5, and has complex ingredients, including both internal and external sugars, so it is not suitable for use in high-temperature and high-humidity seasons.
The processing quality of Malawi, Zambia, and Zimbabwe cotton is good, with less seed dust, and all indicators are better than those of Burkina Faso and Cameroon.
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