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The Main Reason For The Issuance Of Cotton Import Quotas: Pressure On Textile Mills
< p > according to the industry insider on Friday, the world's largest a href= "//www.sjfzxm.com/news/" > cotton < /a > consumption country, China will issue additional cotton import quota to textile mills in April, because the government's reserve cotton inventory procurement reduced domestic cotton supply. < /p >
< p > market expectations, Beijing will issue 80 tons of imported cotton quotas, most of which will be exported to textile factories. Earlier this year, 894000 tons of low tariff quotas were issued. < /p >
< p > a businessman from an international trade company said that < a href= "//www.sjfzxm.com" > cotton supply < /a > is becoming more and more intense. Textile mills are in urgent need of quotas for importing cotton. The world's largest cotton importing country, which is active in China's purchase, will support New York's cotton prices. Cotton and speculators are buying cotton prices for nearly a year. < /p >
< p > Beijing usually does not announce the number of additional cotton quotas. Textile mills must pay customs duties on imports, which are 4-50% of international prices. < /p >
The second traders of a P, a big international trading company, said that the textile factory that exported products gained about 60 tons of new quotas. < /p >
In order to support farmers, the Chinese government announced the lowest support price. Since then, the Chinese government has been hoarding cotton, storing about 10 million tons of cotton, or 60% of the world's stock. The 7 month plan will end at the end of March. As of Thursday, the government has seized 6 million 370 thousand tons of cotton from the cotton harvest in 2012, accounting for 93% of the 6 million 840 thousand tons of cotton harvest. < /p >
< p > analysts expect that the government will speed up the sale of reserve cotton from April. In the coming months, China expects to sell 300-400 tons of cotton reserves in the domestic market. The average cotton consumption in China's textile mill is 700 thousand tons a month. < /p > < p > China is the largest cotton consuming country in the world. According to sources, although the import quota of cotton processing trade has relatively limited impact on domestic cotton prices, it is expected to boost the US cotton prices to a certain extent. < /p > P > so-called "processing trade" a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > quota < /a >, that is, enterprises with quotas can achieve zero tariff import quota cotton, but ordinary enterprises can only use this quota to import cotton only if they have orders for processing trade, so the application of face to face for "sliding tax" quota is generally trade quota is relatively narrow, and circulation is limited. < /p >
< p > market expectations, Beijing will issue 80 tons of imported cotton quotas, most of which will be exported to textile factories. Earlier this year, 894000 tons of low tariff quotas were issued. < /p >
< p > a businessman from an international trade company said that < a href= "//www.sjfzxm.com" > cotton supply < /a > is becoming more and more intense. Textile mills are in urgent need of quotas for importing cotton. The world's largest cotton importing country, which is active in China's purchase, will support New York's cotton prices. Cotton and speculators are buying cotton prices for nearly a year. < /p >
< p > Beijing usually does not announce the number of additional cotton quotas. Textile mills must pay customs duties on imports, which are 4-50% of international prices. < /p >
The second traders of a P, a big international trading company, said that the textile factory that exported products gained about 60 tons of new quotas. < /p >
In order to support farmers, the Chinese government announced the lowest support price. Since then, the Chinese government has been hoarding cotton, storing about 10 million tons of cotton, or 60% of the world's stock. The 7 month plan will end at the end of March. As of Thursday, the government has seized 6 million 370 thousand tons of cotton from the cotton harvest in 2012, accounting for 93% of the 6 million 840 thousand tons of cotton harvest. < /p >
< p > analysts expect that the government will speed up the sale of reserve cotton from April. In the coming months, China expects to sell 300-400 tons of cotton reserves in the domestic market. The average cotton consumption in China's textile mill is 700 thousand tons a month. < /p > < p > China is the largest cotton consuming country in the world. According to sources, although the import quota of cotton processing trade has relatively limited impact on domestic cotton prices, it is expected to boost the US cotton prices to a certain extent. < /p > P > so-called "processing trade" a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > quota < /a >, that is, enterprises with quotas can achieve zero tariff import quota cotton, but ordinary enterprises can only use this quota to import cotton only if they have orders for processing trade, so the application of face to face for "sliding tax" quota is generally trade quota is relatively narrow, and circulation is limited. < /p >
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