According to the International Division of the National Cotton Exchange Market, the nation’s bonded cotton stocks have increased compared to last year, and Qingdao harbors have relatively tight storage capacity.

According to the survey, Qingdao Port has not cleared customs and has cleared more than 100,000 tons of cotton inventories. Some traders estimate that the total inventory is about 12 to 130,000 tons. At present, there are two reasons for the shortage of storage capacity in the port due to the 100,000 tons of inventory. First, from the viewpoint of fire safety, warehouses in the bonded area and warehouses outside the area are not allowed to store cotton in the open air. The storage capacity is occupied by rubber, PTA and other goods, and the cotton warehouse can be stored. The overall storage capacity is limited. Second, with the shrinking import cotton business in recent years, some port warehouses no longer store cotton, and the overall storage capacity is shrinking. The recent sales of bonded cotton have been light, and traders are either looking for new co-operative warehouses or intending to transfer later-staged shipments of cotton to other ports.

The international business department of the trading market prompts companies involved in the import of cotton business. Please make advance reservations with the warehouse in order to avoid the inconvenience caused by the tight storage capacity.

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