SunSirs: Statistics on Imported Cotton Inventories at Major Chinese Ports

According to statistics, as of September 4th, inventories at China's major ports for imported cotton decreased by 4.31% week-on-week, totaling 297,800 tons. This represents a weekly decrease. Imported cotton inventories at Qingdao and Jinan ports and surrounding warehouses in Shandong Province totaled approximately 235,000 tons, a 5.24% week-on-week decrease and a 40.51% year-on-year decrease. Imported cotton inventories at Zhangjiagang Port and surrounding warehouses in Jiangsu Province totaled approximately 33,800 tons, while inventories at other ports totaled approximately 29,000 tons. Arrivals this week were low, primarily Australian cotton, with significant decreases in Brazilian and Indian cotton.

On September 5th, prices at major Chinese ports remained unchanged. The International Cotton Price Index (SM) was unchanged at 75.59 US cents/pound, equivalent to a general trade port ex-port price of 13,296 RMB/ton (calculated at a 1% tariff and the Bank of China's central parity rate). The International Cotton Price Index (M) was unchanged at 73.76 US cents/pound, equivalent to a general trade port ex-port price of 12,979 RMB/ton.

As an integrated internet platform providing benchmark prices, On September 8, the benchmark price of lint cotton on SunSirs was 15,442.33 RMB/ton, up 0.75% from the beginning of this month (15,327.67 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.