Release Reserve Cotton To Adjust The Profit Of Cotton Enterprises In The Market
cotton The market ushered in a policy "intensive period" in September, and the coexistence of storage and storage became the main theme.
The website of the National Development and Reform Commission disclosed that the Central Cotton Storage Corporation had released some national reserve cotton to the national cotton trading market on September 3 to meet the demand for textile cotton. It is understood that the reserve cotton for this ex warehouse sale is domestic cotton in 2011, and the delivery method is open auction sale in the national cotton trading market, and the bottom sales price is 18500 yuan/ton of standard cotton.
Sun Liwu, an analyst in the cotton industry of Zhuochuang Information, told the reporter that under the current market environment, all cotton textile enterprises would not raise their prices when bidding, hoping to obtain cheap and high-quality cotton through this opportunity.
According to the data released by the National Development and Reform Commission, 35700 tons of reserve cotton were released on September 3, and 21700 tons were actually sold, with a transaction rate of 60.8%. The average transaction price (converted to standard level) was 18534 yuan/ton, 34 yuan higher than the base sales price. Sun Liwu said, "The reserve cotton released on September 4 is higher than this figure, about 40000 tons, but the total amount of reserve cotton released is still uncertain."
The National Development and Reform Commission said that in order to prevent reselling, the launch was limited to textile enterprises purchasing for their own use, and the purchase quantity of each enterprise should not exceed one month's cotton consumption. In the arrangement of storage points, the main cotton sales areas and storage points with high storage capacity pressure should be considered as far as possible, and the medium and high grade Xinjiang cotton should be the main delivery cotton.
Sun Liwu judged that at present New cotton Without entering the market, the previous cotton has also been sold out. At this time, the storage is mainly to adjust the market so that textile enterprises can use cheap cotton.
In the 2012 Interim Cotton Storage Plan released at the beginning of this year, it was clearly stated that the implementation time of the 2012 Interim Cotton Storage Plan was from September 1, 2012 to March 31, 2013, and the temporary storage price was 20400 yuan/ton, an increase of 600 yuan/ton compared with 2011.
At the node where the old cotton has been consumed and the new cotton has not been listed, how much stimulation will the cotton storage play on the market? Sun Liwu said that the current average price of cotton market is slightly higher than the price of cotton released and stored this time. With the increase of the number of enterprises in the later stage, the favorable factors gradually disappear, which will not play a great role in the market.
The monitoring data released by the National Development and Reform Commission shows that the recent domestic market Cotton price The price of cotton harvested and stored this time is slightly lower than the current market price.
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