With the gradual issuance of 700,000 tons of sliding quasi-duty import quotas, the expansion of the price difference between domestic and foreign cotton, and the improvement of inquiries/delivery of “fixed price” customs clearance cotton at the port, the bonded + non-bonded cotton inventory at the port has peaked and fallen. As of the end of July, the total foreign cotton inventory in China’s ports + inland bonded areas is still around 750,000 tons, of which 380,000-400,000 tons are in warehouses in Huangdao, Weifang, Zibo, Jinan and other places; warehouses in Zhangjiagang, Nantong and Nanjing etc. Reaching 130,000-150,000 tons (Zhangjiagang bonded + non-bonded cotton inventory is about 95,000 tons); other ports such as Shanghai, Guangzhou, Tianjin, and Ningbo are about 130,000-150,000 tons; each bonded area in inland areas is about 100,000 tons (or There are certain differences).
It is worth noting that since June and July, the shipment, arrival and storage volume of Indian cotton in 2020/21 has been relatively large, higher than that of US cotton and Brazilian cotton; Although the inventory rankings of US cotton, Brazilian cotton and Indian cotton in Qingdao Port have not changed, the gap between the total amount of Indian cotton and Brazilian cotton continues to narrow; while the proportion of Indian cotton bonded + non-bonded cotton inventory in some ports such as Zhangjiagang and Shanghai The ratio has surpassed that of US cotton and Brazilian cotton (CCI cotton resources have increased significantly), occupying the top spot. </p
