The State Issued A &Nbsp Plan For Temporary Storage And Storage Of Cotton, Which Is Good For Protecting The Interests Of Cotton Farmers.

On the eve of the spring sowing of cotton, the state issued a plan for the temporary storage and purchase of cotton in 2011, which normalized and institutionalized the cotton storage and storage measures. This will help stabilize the market expectations of cotton producers, operators and cotton producers, protect the interests of cotton farmers and ensure market supply. Last week, affected by various factors such as national policies, market rumors and textile situation, the domestic cotton electronic disk market was weak, and the spot market demand was sluggish. The whole week continued to callback, and the weekend fell below 30 thousand yuan / ton. The international market shock is low and weak.

In March 28th, the eight departments of the national development and Reform Commission jointly issued a notice on the temporary storage and storage of cotton. In 2011, the temporary storage and purchase system will be implemented in 13 main cotton producing areas. In 2011, the provisional storage price was 19800 yuan / ton from the standard grade lint to the storehouse. The cotton association of China calculated the reference price of seed cotton purchase according to the factors such as the purchase price, the cottonseed price and the linen percentage, and the acquisition company should not be lower than the price acquisition.

If the market price is higher than this price, it will follow the market. Unginned cotton The reference price is equivalent to the minimum protective price of cotton. The provisional storage price in 2011 is calculated according to the current cost of cotton planting, and cotton farmers can maintain their profit margin. Judging from the state policy support and the fundamentals of market supply and demand, cotton prices will remain at a high level in 2011, and will not be lower than the temporary purchase and storage price. The cotton association of China issued information on cotton planting guidance. It is suggested that farmers in the cotton region should consider expanding the area of cotton planting.

Last week (March 28th -4 2), the domestic cotton period, Spot market Continued weakness declined, and the decline continued to expand. Affected by the rumors that the state will reduce the export rebate rate of textile products, the domestic electronic disk market fell sharply in the beginning of the week, and then maintained a weak shock. On the weekend, the settlement price of Zhengzhou futures contract CF1105 was 29065 yuan / ton, down 1365 yuan from a week ago, and the electronic contract market contract MA1104 closed at 27367 yuan / ton, down 2876 yuan from the previous week. Since February, sales of domestic pure cotton yarn have continued to be weak, and the inventory of business products has increased. The people's Bank of China announced in April 5th that the benchmark interest rate for deposits and loans rose second percentage points in the year 0.25 percentage points. While the cost of raw materials and labor has risen sharply, the cost of financing has also been rising. Some small businesses have begun to limit production and stop production. The market is more pessimistic about the latter market and has a strong wait-and-see sentiment. Cotton enterprises have stepped up sales efforts and continuously lowered the price of lint. China's cotton price index (CC Index328) has continued to decline throughout the week, and its daily decline has increased to more than 100 yuan. At the weekend, it fell below 30000 yuan / ton, closing at 29852 yuan / ton, down 690 yuan from the previous week.

In the same period, international Cotton market Prices have fallen overall. On Monday, due to the weak cotton market in China, ICE cotton recently contracted down, and the market waited for the US Department of agriculture (USDA) to issue the US cotton planting intention report. The ICE cotton contract fluctuated slightly and the market was light. On the 31 day, USDA announced that the sown area of the United States cotton was expected to be 12 million 600 thousand acres (76 million 480 thousand acres), 15% higher than that of last year, but lower than the February forecast, which caused a large number of buying into the market, and the forward contracts were closed at the same time. The weekend prices dropped, and the final settlement price in May was 195.55 cents / pound, 8.94 cents lower than the previous week. International cotton spot prices also fell, and the Cotlook A index closed at 227.75 cents / pound on Friday, down 9.9 cents / pound from the previous week. In April 2nd, China imported cotton price index FC Index M index of 221.95 cents / pound, discount 1% tariff price 36901 yuan / ton, higher than domestic similar level 7049 yuan; discount sliding quasi tax price 37181 yuan / ton, higher than domestic 7329 yuan.