Changzhou Inspection and Quarantine Bureau returned a batch of imported wool fabrics

Recently, the Changzhou Inspection and Quarantine Bureau's Textile Department has implemented return shipping processing of combed woven wool fabric imported from Italy by a company in Changzhou. It is understood that the batch of goods is ready for men's suit production, a total of 1157.5 meters.

After arrival, it was found that almost one-third of the fabrics had serious defects such as non-conforming surface appearance, contractual requirements, and dirt on the fabric surface. They could not be put into production. Therefore, the company made a return to the supplier for defective products in the batch. Request, and apply to the Changzhou Bureau to issue a return inspection certificate.

The Changzhou Bureau Textile and Textile Department conducted on-site inspections of these defective products and quickly issued a return inspection certificate on the same day, which solved the problems for the company and saved the losses.

To this end, the Changzhou Bureau reminds import and export companies to clarify the quality requirements, technical terms, and liability claims of their products with customers in the signing of contracts so that products can be promptly and reasonably resolved when problems arise, and indeed their rights and interests are safeguarded, reducing trade risks.

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In the short term, the US cotton contract and shipment data support the market. The U.S. and India’s expected pressure on rainfall and increase in production has weakened. The textile mills continue to buy on the bly, which is good for the ice far-month contract, and China will temporarily exit the state reserve cotton auction at the end of August. Or lead to domestic cotton supply "vacuum period" and other factors, ice main contract continues to stabilize the rally.

On July 23, the main contract narrowly closed above the 68-cent mark, but speculation and longs have more concerns. On the one hand, it is due to the increase in production of US cotton due to good weather. It is expected that the usda monthly report will continue to increase in August. US cotton production, while China expects to announce the “Direct Subsidy” of cotton in Xinjiang in 2014, which was announced before the end of July to mid-August, may cause pressure on the ice and Zhengzhou discs.

On the other hand, the ice warehouse is still at 50,000 tons or more. The current signing and shipment are mainly based on the self-run part of international cotton traders. The spot market lacks support for consumption and funds, so the ice main force is likely to be backed by 65 cents/lb for a short time. Rebounding from self-help, can we return to the 70-cent mark? The key to look at 8-10 months includes the inquiry and procurement progress of China, India, Indonesia, Vietnam and other countries.

According to the survey, some parts of the 2013 Indian cotton s-6, j34 and v797 that are only suitable for rotor spinning are still in Hong Kong from July to August. The percentage of Indian cotton in the bonded warehouse is also relatively high, and it follows the southwest monsoon belt of Indian cotton. In the case of a large range of rainfall, the spot price of cotton in India declined, resulting in an overall reduction in the price of the bonded cotton, spot and far-month contracts in India. However, due to the poor quality of Indian cotton in the middle and later stages, the phenomenon of serious losses was serious. On the tight cotton and other Chinese cotton import companies, intermediate traders and other funds, although Indian cotton prices declined by 100-200 yuan / ton, the inquiry and shipments did not significantly rise.