According to an Indian customer, today's cotton ready for shipment at the port is no longer eligible for customs clearance.
At present, this information has been reproduced by major websites. How much has it affected the domestic cotton sales market? Business people generally have different opinions. Cotton is welcome, and domestic cotton is expected to rise later. However, some textile companies do not take it seriously. Due to the low number of downstream orders and the limited demand and consumption of gauze, the market is not a cotton price but a demand issue.
It is not surprising that India’s cotton is banned from exporting. Every year they have to come and do so once or twice with speculation. On the contrary, India's cotton is hoarding in India. If the local spinning mills cannot digest it, it will make local cotton prices cheaper and the price of cotton yarn will be cheaper. The price of 40 will go down sharply. Cotton prices are cheaper and cotton yarn prices are even cheaper. 32, 40 prices will fluctuate. But the duration will not be long, 345 three months. This three months is just the season for new cotton sowing. Originally, there were not many cotton resources. The export was long gone and it was not necessary to be one thing. The purpose of this move is the same as before, and they want to get a little bit out of China's port inventory. We ignore them best.
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