At the end of April, the National Development and Reform Commission issued the "Announcement on matters related to the import quota application for cotton tariffs in 2021", the author believes that two points are worthy of attention: First, the 2021 seized tariff cotton import quota is still "textile special" , Cotton trader, import enterprise is excluded from the direct application; the second is that the proposal tariff cotton import quota will be based on the use of spinning enterprises (or only self-use), the wishes of customs clearance is basically broken, because the non-national trade quota part Clearance cotton cannot be traded.
From the investigation, the cotton-related enterprises, investment institutions, etc. are generally believed that in the end of April, the issuance of policies to increase the injection of the cotton import quota is conducive to the receiving orders for textile and clothing foreign trade companies, reducing raw materials procurement costs, and improving product competitiveness.
First of all, the increase in the increase in the injection of the cotton import quota is very timely, and my country's macroeconomic data has been strong in China since October 2020, and the global epidemic also has an accelerated recovery of "turning point", trade and transportation, and the US government to implement import ban in Xinjiang cotton products. The number of imported cotton and cotton yarns has led to a substantial growth in imported cotton and cotton, and the shortage of import quotas is hindered by the production and sales of some small and medium textile enterprises.
Second, my country has increased 800,000 tons, 800,000 tons, 400,000 tons, 400,000 tons of non-national trade cotton import quota, and the 2018,2019 enterprises can apply for a quota for processing trade quotas or unconfirmed trade. Application; but 2020 is limited to the import of trade in processing trade); although the domestic cotton supply is sufficient 2020/21, the spinning export environment has deteriorated, so the number of proposal tariff quotas in 2021 is 40-800,000 tons. It has only achieved actual needs of cotton textile companies and does not have waste.
Finally, the impact on the domestic cotton period is limited. 100% non-national trade quota makes imported cotton resources into the spot market, and the amount of 700,000 tons of quota is far less than 2 million tons of previous market rumors, of which 400,000 tons are limited to the processing of trade. In addition, in 2021, cotton planting has been close to the end, and the increase in import quotas has minimized the area of the cotton area and the market emotion.
