Domestic Cotton: Policies Have Been Landing, Prices Are Rising Steadily.

　　 Cotton market The policy "boots" concentrated in September. In September 3rd, the China National Cotton Storage Corporation put some national reserve cotton through the national cotton trading market to meet the demand of textile cotton. The reserve cotton sold for sale is 2011 cotton in China. The bid price is 18500 yuan / ton (standard grade).

The landing of cotton reserves has not had a big impact on the market. Due to the fact that the spot cotton is not of high grade and the quota is very tight, some textile enterprises are still looking forward to the release of cotton reserves, and the market will continue to pay attention to the number of cotton throwing and the market changes.

At the same time, 2012 cotton temporary storage and purchase plan has been implemented since September 1st, and the temporary storage price is 20400 yuan per ton of standard grade lint to the warehouse. When the market price is lower than the temporary storage price for 5 consecutive working days, the reserve plan is started.

Zhongda futures analysis said that 18500 yuan / ton is basically the bottom of the cotton price at this stage. Taking into account the beginning of the new cotton purchase and storage in the new year, throwing and storing boots has also landed, and the cotton price has a greater probability of rising steadily.

Compared with the impact of selling, the new year Cotton collection and storage The supporting effect is more obvious, and cotton prices are expected to move closer to the purchase price. In September 3rd, China's cotton price index (level 328) was 18551 yuan / ton, while last week's average price was 18477 yuan / ton, indicating that cotton prices gradually stabilized. In the futures market, the 1301 contract of zhengmian main contract closed at 19660 yuan / ton, rising for fourth consecutive trading days.

For textile enterprises, the poor cotton price inside and outside is the primary factor affecting its operation. It is understood that as of mid August, the domestic cotton price has been more than 5000 yuan higher than the international market, and the price difference has increased by 67% compared with the beginning of the year, resulting in a serious decline in the competitiveness of China's cotton textile industry chain and the deterioration of enterprise efficiency.

Therefore, cotton import policy is also closely watched by the market. Enterprises want to buy cheaper imported cotton, but because of the quota management of cotton, the cotton trade in the bonded area is overloaded and can not be cleared. Recently, media reports reported that the state departments concerned have issued 400 thousand tons of cotton import quotas for processing trade.

China textile industry According to a recent information released by the Federation, according to market demand and supply, it is hard to predict that the domestic and foreign cotton price differentials will be significantly reduced by market regulation in the near future.

Selling, purchasing and storing, issuing additional quotas, and the implementation of various policies make market participants call "entanglement". Xiong Xiaokun, a light industry researcher at CIC, told reporters that cotton prices are affected by their own output and market complexity, and the fluctuation is relatively large. In order to stabilize cotton prices, the government will take appropriate measures to carry out macroeconomic regulation and control in order to stabilize the related industries.