Low Price Throwing And Storing Of Cotton In The Middle Storage Textile Enterprises Benefit From The Pressure Of Cotton Mills

　　“ cotton The storage period has already started this month, and it was a bit unexpected at this time. " On the 8th, Tian Shaoqing, chairman of Tianrun Textile Company in Xiajin County, Dezhou, told the Economic Herald reporter.

When the purchase and storage price was as high as 20400 yuan/ton and the purchase and storage was about to start, China National Cotton Reserve Management Corporation (hereinafter referred to as "CCSC") began to sell and store cotton from the 3rd day, and the bottom selling price was 18500 yuan/ton, far lower than the purchase and storage price.

"This is a compromise strategy. Under the circumstance that the internal and external price difference of cotton is up to 3500 yuan/ton, domestic cotton textile enterprises are strongly demanding to liberalize cotton quotas and increase imports. The National Development and Reform Commission cannot liberalize import quotas, so it adopted the method of dumping and storing. But this dumping and storing will not only benefit cotton textile enterprises, but also bring pressure on cotton acquisition and processing enterprises." On the same day, Ma Junkai, Deputy Secretary General of Dezhou Cotton Association, reporter analysis of the Guide.

The compensation of CCSC cotton exceeds 3000 per ton

The National Development and Reform Commission recently announced that part of the national reserve cotton will be sold out of the warehouse from the third day. The method of delivery is open bidding in the national cotton trading market, and the bottom price of sales is 18500 yuan/ton of standard cotton.

In order to prevent reselling, this launch is limited to textile enterprises purchasing cotton for their own use, and each enterprise can purchase cotton for no more than one month. In terms of storage point arrangement, the main cotton sales areas and storage points with high storage capacity pressure should be considered as far as possible. The ex warehouse cotton is mainly medium and high grade Xinjiang cotton to meet the actual needs of textile enterprises and help to make room for storage in the new year.

According to the statistics of the guide reporter, from the 3rd to the 7th, CCSC sold reserve cotton for 5 consecutive days, with a total of 211300 tons, of which 144900 tons were sold, accounting for 54.12% to 78.75%, with a cumulative total of 68.55%; The average daily transaction price is between 18534 yuan/ton and 18699 yuan/ton.

For this dumping, Zhongchu Cotton has lost money. Ma Junkai calculated an account for the guide reporter: "The price of CCSC cotton last year was 19800 yuan/ton, the monthly cost of capital, inventory, etc. was about 200 yuan/ton, and the cost of a year was more than 2000 yuan/ton. Therefore, the current cost of reserve cotton is about 22000 yuan/ton. Now it is dumped at 18500 yuan/ton, which is equivalent to a loss of more than 3000 yuan per ton."

However, this dumping and storage was generally supported by textile enterprises. "The cumulative turnover ratio is 68.55%, which indicates that cotton textile enterprises are still willing to acquire. Especially, this sell-off is mainly of middle and high grades Xinjiang cotton , which meets the needs of many enterprises. " Ma Junkai said.

　 The acquisition of processing enterprises faces a dilemma

But there were two accidents in this dumping.

First of all, the timing of dumping is surprising. Ma Junkai, a reporter from the Guide, analyzed that the time point of dumping storage was either when the cotton price was rising or there was a supply gap in the market, but now these two conditions were not met. "Moreover, according to the purchase and storage policy, after September 1 every year, if the market price is lower than the purchase and storage price for five consecutive trading days, the company will start the purchase and storage of cotton. At present, the market price is about 18500 yuan/ton, far lower than the purchase and storage price of 20400 yuan/ton, which has triggered the purchase and storage mechanism. Now it is surprising to dump the storage."

In addition, the price of dumping and storing this time is 18500 yuan/ton, which is in line with the market price, but when the price of collecting and storing is 20400 yuan/ton, this price is also questionable. "This is good for textile enterprises, but it will bring a dilemma to the acquisition of processing enterprises." Ma Junkai analyzed.

Tian Shaoqing said, "At present, the price of foreign cotton is about 3500 yuan/ton lower than that of domestic cotton, and domestic cotton textile enterprises are facing huge pressure on raw material costs. In this case, the country can sell reserve cotton at a price lower than that of last year, which can alleviate the raw material demand of cotton textile enterprises to a certain extent."

However, this is not the case for the acquisition of processing enterprises. "The purchase and storage is about to start. How can the cotton purchase and processing enterprises harvest? If the cotton is harvested at the price set by the national purchase and storage policy, it is certainly a joy to be able to enter the reserve of the middle storage cotton after the purchase and processing is completed. However, if after the purchase and processing, the purchase and processing enterprises cannot enter the reserve of the middle storage cotton due to substandard reasons, and the market price is far lower than the purchase and storage price, the purchase and processing enterprises will face a great deal Pressure. " Tian Shaoqing said.

For the current multiple contradictions, Ma Junkai believes that the "import quota policy" is one of the important reasons. "The import quota system has caused a huge difference in cotton prices at home and abroad. In order to reduce the cost of domestic textile enterprises, the state sold Reserve cotton However, this has brought pressure to the downstream acquisition of processing enterprises. In the long run, abolishing import quotas and directly subsidizing cotton farmers with finance is the trend of industry reform. "