In April this year, when the reporter interviewed Qingdao Huangdao Port, the country’s largest cotton import port, a large amount of cotton was accumulated in the port. Many cotton companies and traders rushed to find local cotton. The price has dropped from a high of 22,100 yuan to a ton. Two months later, the current price of cotton is 19,000 yuan a ton. Then, what are the latest changes in the cotton backlog at Qingdao Huangdao Port?
All warehouses are full
When the reporter came to the Qingdao Huangdao Port Free Trade Zone, he was catching up with a logistics bonded warehouse to load and unload cotton. The staff here told the reporter that the cotton waiting to be put into the warehouse today has ten cars, while the cotton out of the warehouse has only two cars. .
Qingdao Jinyu Logistics Co., Ltd. Bonded warehouse staff: Today is the inspection of ten cars, came to ten cars, out of the second car, that are two cars.
Reporter: This time is like this?
Staff: Yes.
In the warehouse of the bonded area, the reporter saw that a pile of cotton is close to the roof, and such a warehouse is still loose. Here, the reporter discovered a case of cotton imported in July 2011. A logistics company said that in the Huangdao Port, the backlog of one year has become commonplace. In the past, traders’ pressure on tens of thousands of tons of goods was even more, now pressing Tens of thousands or even 100,000 tons of goods are already in the minority.
Reporter: How much does the trader press the most?
Liu Ming, head of cotton business at Qingdao Jinyu Logistics Co., Ltd.: Some 50,000 tons and 100,000 tons.
In the office of Wang Quanqiang, the general manager of the logistics company, we met a customer and asked Wang to place piles of cotton to be landed.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: At the end of June, my warehouse will go to 2,000 tons of US cotton. Do you think of ways to warehouse?
Jin Quan, general manager of Qingdao Jinyu Logistics Co., Ltd. Wang Quanqiang: You are sure that there is no problem. Although the warehouse is already very tight, it has now reached 110,000 square meters. It is very full and the aisles are ready to be delivered.
In the monitoring room of Huangdao Customs Bonded Warehouse, the reporter saw that almost every cotton in the cotton warehouse is full of cash, only 3 bonded warehouses are usually stored in cotton, and now it has increased to 7; full.
Li Jianfeng, Head of Qingdao Huangdao Bonded Warehouse Supervision Group: From January to May 2012, imported cotton grew very much, up by about 30% year-on-year.
According to statistics from Qingdao Customs, Shandong Port imported 790,000 tons of cotton during the first four months of this year, an increase of 81.8% over the same period of last year. According to data released recently by the National Development and Reform Commission, China imported 502,000 tons of cotton in May, an increase of 246.2% year-on-year. From January to May this year, China's cumulative import of 2.58 million tons of cotton, an increase of 113.8%.
A loss of 3,000 yuan a ton of cotton loss up to 100 million
When the reporter interviewed in Qingdao's Huangdao Port in April, the pressure on Hong Kong's cotton was less than 300,000 tons, but now it has more than doubled. Because of this, the import cotton price began to fall continuously, according to the current market, one ton Cotton traders need to lose at least 3,000 yuan. If they press 100,000 tons, they will lose hundreds of millions of dollars. Then look at the reporter's investigation.
Zhang Jie, who is worrying about where the next batch of arriving cotton can't be found, has started trading in cotton since 2007. He feels particularly pessimistic this year. Even though he has already compressed the import volume last year, he is still stuck in the falling cotton price. Now.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: The list was placed in February and March. (The market is already moving down. Why should the order be placed?) Unpredictable. Think that the cotton market has fallen to the cost price, the following list.
Zhang Jie told reporters that the market price of imported cotton at the time of ordering was 120 to 130 cents per pound, but now it has fallen to 90 cents per pound, a drop of more than 25%. He now has more than 4,000 tons of cargo on the way to the sea in addition to the 3,000 tons of cargo that he has been pressing on at Curry. He is seeing that these goods are losing money every day, and they are not sold, nor are they sold.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: 3,000 tons, capable of losing around 7 million. There are fewer quota losses, and companies that sell to processing trade lose more. Anyway, it's a loss.
3000 tons will have to pay 7 million, which is not yet 4,000 tons floating on the sea. If you count warehousing fees and bank interest, you will lose more.
Jin Quan, general manager of Qingdao Jinyu Logistics Co., Ltd. Wang Quanqiang: One ton (loss) between 3,000 and 5,000 yuan. One hundred thousand tons of cotton, two or three hundred million, (what does it mean to the company?) closed down. (Is there now?) I think the bank’s loan repayment is coming at once and it’s easy to drop it.
Looking at more cotton lose money, there are also short-sighted to avoid the risk. Wang Quanqiang's company greatly reduced the amount of imported cotton at the beginning of last year, and reduced the annual import volume from 100,000 tons to 40,000 tons, which increased the storage area and not only made profits without losing profits.
Wang Quanqiang, general manager of Qingdao Jinyu Logistics Co., Ltd.: brings in relative income and generates more than 10 million yuan of income.
Cotton enterprises go back to the country to export cotton products in batches
When interviewed by our reporters, some cotton traders described that the economic crisis in 2008 was like a sudden shower, but this time the economic downturn was more like “warm boiled frogsâ€. Not only did the cotton traders fail to see the rebound in cotton prices. Hope, cotton companies are also hopeful. The reporter saw in Binzhou City, Shandong, which is known as the “First Capital of Cotton in Chinaâ€. Many cotton mills are in trouble, and some have even closed down. The price of cotton dropped, and the raw materials of cotton mills are even cheaper. Why is it difficult to operate? Check the reporter's investigation.
The city of Binzhou, known as the “Cotton Capital of Chinaâ€, is more than 400 kilometers away from Qingdao Port, but the cotton sales of the port are directly controlled by the amount of usage here. The cotton yarn export volume once accounted for a quarter of the country's total. The reporter saw here that many brands of textile companies are still there, but companies have already gone empty.
The reporter saw that almost all the doors in the vast yard of the cotton spinning factory were locked, and the locks were rusted. Even the refrigerator outside the wall has been rusted. The spinning machine in the workshop was left intact and the batt was covered with dust.
Locals told reporters that this textile mill has stopped production for more than a year, and plant and equipment are waiting to be processed. But not far away, the reporter saw that although another textile factory is still brand, it has changed its name to the owner.
During the investigation, the reporter found that there are ten or so cotton mills on this street in Binzhou, and there are three or four companies that have closed down. The locals told reporters that in the past, companies could not find workers. Now workers cannot find businesses. The reporters in the survey saw that some companies that have sustained themselves are trying to find a way out.
This company is biting teeth to spend more than 20 million replacement equipment to adjust the direction, 50 percent of the previous product is exported, and now all turned to domestic sales. At the same time, the imported cotton will be used as a means of purchase.
Zhao Minheng, chairman of Shandong Huimin Lujie Textile Co., Ltd.: There are more than 500 tons of deposits in Curry, 30 tons a day and 10 days and a half months.
As domestic cotton prices are still high, they started to use the advantages of cotton seeds last year. They planted 30,000 mu of cotton in Sudan and they are successful. They are planning to expand to 400,000 mu in the future.
Zhao Minheng, chairman of Shandong Huimin Lujie Textile Co., Ltd., is able to harvest 2000 tons of cotton, and one ton goes to the expense. At the very least, he can earn 3,000 yuan.
All warehouses are full
When the reporter came to the Qingdao Huangdao Port Free Trade Zone, he was catching up with a logistics bonded warehouse to load and unload cotton. The staff here told the reporter that the cotton waiting to be put into the warehouse today has ten cars, while the cotton out of the warehouse has only two cars. .
Qingdao Jinyu Logistics Co., Ltd. Bonded warehouse staff: Today is the inspection of ten cars, came to ten cars, out of the second car, that are two cars.
Reporter: This time is like this?
Staff: Yes.
In the warehouse of the bonded area, the reporter saw that a pile of cotton is close to the roof, and such a warehouse is still loose. Here, the reporter discovered a case of cotton imported in July 2011. A logistics company said that in the Huangdao Port, the backlog of one year has become commonplace. In the past, traders’ pressure on tens of thousands of tons of goods was even more, now pressing Tens of thousands or even 100,000 tons of goods are already in the minority.
Reporter: How much does the trader press the most?
Liu Ming, head of cotton business at Qingdao Jinyu Logistics Co., Ltd.: Some 50,000 tons and 100,000 tons.
In the office of Wang Quanqiang, the general manager of the logistics company, we met a customer and asked Wang to place piles of cotton to be landed.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: At the end of June, my warehouse will go to 2,000 tons of US cotton. Do you think of ways to warehouse?
Jin Quan, general manager of Qingdao Jinyu Logistics Co., Ltd. Wang Quanqiang: You are sure that there is no problem. Although the warehouse is already very tight, it has now reached 110,000 square meters. It is very full and the aisles are ready to be delivered.
In the monitoring room of Huangdao Customs Bonded Warehouse, the reporter saw that almost every cotton in the cotton warehouse is full of cash, only 3 bonded warehouses are usually stored in cotton, and now it has increased to 7; full.
Li Jianfeng, Head of Qingdao Huangdao Bonded Warehouse Supervision Group: From January to May 2012, imported cotton grew very much, up by about 30% year-on-year.
According to statistics from Qingdao Customs, Shandong Port imported 790,000 tons of cotton during the first four months of this year, an increase of 81.8% over the same period of last year. According to data released recently by the National Development and Reform Commission, China imported 502,000 tons of cotton in May, an increase of 246.2% year-on-year. From January to May this year, China's cumulative import of 2.58 million tons of cotton, an increase of 113.8%.
A loss of 3,000 yuan a ton of cotton loss up to 100 million
When the reporter interviewed in Qingdao's Huangdao Port in April, the pressure on Hong Kong's cotton was less than 300,000 tons, but now it has more than doubled. Because of this, the import cotton price began to fall continuously, according to the current market, one ton Cotton traders need to lose at least 3,000 yuan. If they press 100,000 tons, they will lose hundreds of millions of dollars. Then look at the reporter's investigation.
Zhang Jie, who is worrying about where the next batch of arriving cotton can't be found, has started trading in cotton since 2007. He feels particularly pessimistic this year. Even though he has already compressed the import volume last year, he is still stuck in the falling cotton price. Now.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: The list was placed in February and March. (The market is already moving down. Why should the order be placed?) Unpredictable. Think that the cotton market has fallen to the cost price, the following list.
Zhang Jie told reporters that the market price of imported cotton at the time of ordering was 120 to 130 cents per pound, but now it has fallen to 90 cents per pound, a drop of more than 25%. He now has more than 4,000 tons of cargo on the way to the sea in addition to the 3,000 tons of cargo that he has been pressing on at Curry. He is seeing that these goods are losing money every day, and they are not sold, nor are they sold.
Zhang Jie, general manager of Shandong Yanggu Shunda Textile Import & Export Co., Ltd.: 3,000 tons, capable of losing around 7 million. There are fewer quota losses, and companies that sell to processing trade lose more. Anyway, it's a loss.
3000 tons will have to pay 7 million, which is not yet 4,000 tons floating on the sea. If you count warehousing fees and bank interest, you will lose more.
Jin Quan, general manager of Qingdao Jinyu Logistics Co., Ltd. Wang Quanqiang: One ton (loss) between 3,000 and 5,000 yuan. One hundred thousand tons of cotton, two or three hundred million, (what does it mean to the company?) closed down. (Is there now?) I think the bank’s loan repayment is coming at once and it’s easy to drop it.
Looking at more cotton lose money, there are also short-sighted to avoid the risk. Wang Quanqiang's company greatly reduced the amount of imported cotton at the beginning of last year, and reduced the annual import volume from 100,000 tons to 40,000 tons, which increased the storage area and not only made profits without losing profits.
Wang Quanqiang, general manager of Qingdao Jinyu Logistics Co., Ltd.: brings in relative income and generates more than 10 million yuan of income.
Cotton enterprises go back to the country to export cotton products in batches
When interviewed by our reporters, some cotton traders described that the economic crisis in 2008 was like a sudden shower, but this time the economic downturn was more like “warm boiled frogsâ€. Not only did the cotton traders fail to see the rebound in cotton prices. Hope, cotton companies are also hopeful. The reporter saw in Binzhou City, Shandong, which is known as the “First Capital of Cotton in Chinaâ€. Many cotton mills are in trouble, and some have even closed down. The price of cotton dropped, and the raw materials of cotton mills are even cheaper. Why is it difficult to operate? Check the reporter's investigation.
The city of Binzhou, known as the “Cotton Capital of Chinaâ€, is more than 400 kilometers away from Qingdao Port, but the cotton sales of the port are directly controlled by the amount of usage here. The cotton yarn export volume once accounted for a quarter of the country's total. The reporter saw here that many brands of textile companies are still there, but companies have already gone empty.
The reporter saw that almost all the doors in the vast yard of the cotton spinning factory were locked, and the locks were rusted. Even the refrigerator outside the wall has been rusted. The spinning machine in the workshop was left intact and the batt was covered with dust.
Locals told reporters that this textile mill has stopped production for more than a year, and plant and equipment are waiting to be processed. But not far away, the reporter saw that although another textile factory is still brand, it has changed its name to the owner.
During the investigation, the reporter found that there are ten or so cotton mills on this street in Binzhou, and there are three or four companies that have closed down. The locals told reporters that in the past, companies could not find workers. Now workers cannot find businesses. The reporters in the survey saw that some companies that have sustained themselves are trying to find a way out.
This company is biting teeth to spend more than 20 million replacement equipment to adjust the direction, 50 percent of the previous product is exported, and now all turned to domestic sales. At the same time, the imported cotton will be used as a means of purchase.
Zhao Minheng, chairman of Shandong Huimin Lujie Textile Co., Ltd.: There are more than 500 tons of deposits in Curry, 30 tons a day and 10 days and a half months.
As domestic cotton prices are still high, they started to use the advantages of cotton seeds last year. They planted 30,000 mu of cotton in Sudan and they are successful. They are planning to expand to 400,000 mu in the future.
Zhao Minheng, chairman of Shandong Huimin Lujie Textile Co., Ltd., is able to harvest 2000 tons of cotton, and one ton goes to the expense. At the very least, he can earn 3,000 yuan.
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