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The Industry Believes That Cotton Regulation Requires Combination Boxing.

2010/10/23 14:38:00 81

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News of Tuesday's interest rate increase

cotton

The wild horse seemed to have no effect. The Zhengzhou mercantile exchange increased its paction costs and did not prevent Wednesday's cotton futures from rising. The market looked forward to a clearer signal.

Recently, the purchase price of Xinjiang cotton has 12 yuan per kilogram, the cost has exceeded 25000 yuan per ton; the purchase of Xinjiang has been issued IOUs, if the cash can be sold at a few hundred yuan per ton, it is also sold.

cotton spinning

Enterprises have two months or even more inventory, but they are still looting resources; some commercial banks intervene in cotton purchase, guarantee loans with cotton and so on; the guidance price of agricultural products issuing funds to enter the market is embarrassed; the market thinks that cotton prices are undervalued, and the prices of agricultural products such as grain and cotton prices and grain prices are depressed 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 limited by quantity of processing trade, and the domestic sliding tax is retained.

Administration

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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.