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Cotton Spot Price &Nbsp Or Export Tax Rebate Reduction

2011/5/11 13:21:00 499

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Spot: Shandong Binzhou cotton textile factory has been continuously monitoring in relevant departments, and constantly reducing.

lint

The purchase price has been pferred to 23500 yuan / ton at present level three.

Futures: the dollar rebounded and suppressed the commodity market.

Domestic Zheng cotton futures, looks like a rebound momentum, because it is driven by the price of crude oil.

Analysis: the spot market is now down, especially in Binzhou cotton spinning mill in Shandong. In fact, it does not want to accept it. If it is not accepted, the NDRC will interfere with it, so there is no way to reduce it.

Just like the insiders say, even if they drop to 20 thousand, someone will come to send lint.

Therefore, for the speculators in the futures market, lint will not rise at all, and every high point is the opportunity to enter the empty warehouse.

Let me give you an interesting example. Now Binzhou, Shandong.

cotton spinning

Dachang has been buried explosives under the bridge in advance by departments concerned; dare to go up, and some departments are going to bomb the bridge. After that, I can only enjoy the broken bridge and snow.

This is the so-called market economy with Chinese characteristics.

Therefore, the short term rebound of futures, I think, is driven by the rebound of crude oil and the behavior of capital market in futures market.

After all, there are signs that the irrational growth of the cotton market is inconsistent with the fundamentals.

There is internal news that textile industry related ministries and commissions, associations and so on, have vowed to reduce the export tax rebate, with a minimum of 5%.

If the state does not have the confidence to lower cotton prices to less than 20 thousand, then how can the relevant sectors of the industry reduce the tax rebate mentality? Let's see, if Zheng cotton futures return to the 26000 high point, then the high-level regulation will end in failure.

Immediately after the second half of the year, the export tax rebate for textile and garment was lowered.

textile industry

No doubt, it will become a bottle of throat poison.

Only by lowering the price of cotton and alleviating the problem of high cost of downstream production can we reduce the textile export tax rebate by 5%.