Cotton Storage Is Expected To Start Next Monday 5 Chemical Fiber Companies May Benefit

Although there is great resistance to the rise of domestic cotton prices, it is expected that the Cotton storage It will boost cotton prices to some extent. According to the 2012 Interim Cotton Storage Plan, this year's cotton storage is expected to start on September 10. Reporters learned from China National Cotton Reserve Management Corporation yesterday (September 6) that at present, the relevant collection and storage work is in intensive preparation. China National Cotton Reserve Management Corporation has recently announced the Measures for the Implementation of the 2012 Interim Cotton Collection and Storage Plan. At the same time, the list of bidding textile enterprises and the number of bidding for 2012 reserve cotton have also been announced, and the relevant announcements and detailed rules are expected to be announced by the morning of next Monday at the latest.

At present, the domestic cotton market is at a low point in recent years, but the policy level will also play a stimulating role in regulating the cotton market. Industry analysts pointed out to the reporter of the Daily Economic News (blog, microblog) that the chemical fiber sector will also benefit from the boost in cotton prices, which will drive downstream enterprises.

　 The purchase and storage price per ton increased by 600 yuan over the previous year

According to the 2012 Temporary Cotton Storage Plan, this year's cotton will be supported by a storage price of 20400 yuan/ton, which is 600 yuan higher than that of 2011. Wang Qianjin, chief editor of the First Textile Network, said in an interview with the reporter of the Daily Economic News, "At present, the cotton market price is 18500 yuan per ton, which is still a certain price difference from the stipulated purchase and storage price of 20400 yuan per ton." He also pointed out that at present, domestic cotton stocks are high, and terminal consumption is low, "the impact of purchase and storage on cotton prices is mainly driven by policies".

He believes that at present Cotton price The rise still faces two negative factors: on the one hand, the dumping and storage of cotton will be carried out at the same time as the purchase and storage, which will lead to insufficient impetus for the rise of cotton prices; On the other hand, the current price difference between domestic and foreign cotton prices is up to 4000 yuan/ton, which will put pressure on the rise of cotton prices.

At the same time, Wang Qianjin pointed out that since August this year, the major production areas in the United States have been suffering from severe drought, and the price of cotton has reached a historical high. It is expected that the rebound will continue and drive the rebound of domestic cotton prices.

　 Analyst: short-term stimulation of chemical fiber sector

An analyst tracking the upstream textile and clothing industry told the Daily Economic News that "although the cotton price will rise in the short term due to the beginning of storage, the rise in cotton price will drive the price of downstream products to rise, so the impact on the secondary market needs further observation.

Wang Qianjin said that supported by the rebound of futures and spot cotton prices at home and abroad, the downstream cotton yarn and grey cloth prices stabilized and rebounded slightly. The overall market prices showed signs of improvement. The short-term market may continue to rebound, but constrained by sluggish consumption, the downstream market could not provide support for cotton prices.

"The impact of storage on cotton prices has gradually emerged, both in spot and futures," Wang Qianjin pointed out that chemical fiber plate will be boosted by cotton prices due to the obvious expectation of cotton price rise.

The above analysts believe that the current cotton industry chain has experienced a downturn in recent years, and the purchase and storage of cotton is expected to push the cotton price out of the downturn chemical fiber Some companies in the sector suffered losses in the first half of the year, and some manufacturers have switched production, so the current chemical fiber enterprises have certain advantages in the supply and demand relationship. Xiake Environmental Protection (002015, Guba) (002015, closing price 7.15 yuan), Aoyang Technology (002172, closing price 3.83 yuan), Mida Shares (000782, Guba) (000782, closing price 3.77 yuan) Huaxi Shares (000936, Guba) (000936, closing price 4.01 yuan), Xinmin Technology (002127, Guba) (002127, closing price 3.90 yuan), etc. deserve close attention.