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The Industry Believes That Cotton Regulation Requires Combination Boxing.

2010/10/23 11:26:00 37

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The news of Tuesday's increase in interest rates did not seem to have any effect on the wild horse. The Zhengzhou mercantile exchange increased its paction costs and did not prevent Wednesday.

Cotton futures

Continue to rise, the market looks forward to a clearer signal.

The near future

Xinjiang

The purchase price of cotton is 12 yuan per kilogram, the cost has exceeded 25000 yuan per ton; the purchase of Xinjiang has been marked by ious; if cash can be sold at a few hundred yuan per ton, there will be a sale of several hundred yuan per ton; some cotton spinning enterprises have two months or even more inventory, but they are still fighting for resources; some commercial banks have intervened in cotton purchase and secured loans with cotton and so on.

Price

Undervalued, prices of agricultural products such as grain and cotton prices and grain prices have been suppressed for a long time.

Cotton regulation needs a longer-term policy.

It is suggested that the following combination control policies can be promulgated:

Policy one

In addition to customs duties, the amount of cotton imports is temporarily liberalized and replaced by registration system.

The deadline can be set, or the end date will be announced.

The import of processing trade is not restricted by quantity and managed by processing trade.

In this way, even if there is a sliding tariff, the quantity of tariff quota quotas will be released.

Processing trade imports cotton and exports textiles, without affecting domestic consumption.

Global cotton prices are basically in sync.

In fact, a lot of quota is also a truth, but this way of operation has no deadline, quantity restriction, flexible operation, strong controllability of enterprises, and great effect on the market mind.

It can basically guarantee the long-term consistency of international cotton prices, so as to maintain the competitive advantage of China's textile and clothing industry.

Policy two

Set up the minimum protective price for cotton purchase, that is to say, establish a purchasing and storage mechanism.

When the market price is lower than a certain price, the purchase and storage of cotton will start automatically.

Cotton production can be prevented from going up and down.

It can be operated by relevant policy units.

Given the country's regulatory scope expected, dynamic replenishment of national reserves, to prevent market prices fluctuating.

Policy three

For products with financial attributes such as cotton futures and matchmaking, it is necessary to continue to increase margin and other means to increase paction costs and reduce leverage.

Reduce speculation atmosphere.