Chinese And Foreign Cotton Price Upside Down Makes Textile Enterprises' Cost Pressure Worse.

In 9 and October this year, China Reserve cotton The management company (hereinafter referred to as the Central Cotton store) is very busy. Since the beginning of September, the central reserve cotton has been earning 1 million 370 thousand tons of cotton by yesterday, compared with 65 thousand tons in the same period last year, 20 times that of last year.

Cotton enterprises make full use of reserves

Why do cotton farmers and Cotton Traders increase their enthusiasm this year? "Storage has become the only option for cotton companies at present." Zhang Jianyuan, Deputy Secretary General of Hubei Cotton Association, said that at present, the spot price of cotton is about 18500 yuan / ton, while the storage price is 20400 yuan / ton, compared with the 1500-2000 yuan / ton.

In the same period last year, there was a slight difference between the reserve price, the spot market price, the futures market price and the price of the electronic transaction market, and the purchase and storage price was 19800 yuan / ton. "For the enterprises, they have many choices, not only the way to pay for storage."

Wang Nan, a cotton analyst at Yintai futures, believes that the pessimism of the market after the market is also an important reason for making a positive move. The storage and storage time of the central storage cotton continued from the beginning of September to March of next year. Last year, many cotton farmers were waiting and watching in 9 and October. They really began to store large stocks, usually to 11 and December. "But this year, the daily reserves reached 70 thousand tons, with a turnover ratio of 60-70%."

　　 Spin Business is worsening

Wang Nan said that this year, affected by the weakness of the downstream consumer market and the impeded export, the textile enterprises are very sad, and the average operating rate in the whole country is only 50%. And domestic cotton plus imported cotton volume, the overall market supply exceeds demand, resulting in weak cotton prices. "And this is why the cotton reserves are high priced. The main purpose is to stabilize the cotton market, control Cotton falling space, protect the interests of cotton farmers, and ensure the enthusiasm of cotton growing in the coming year.

Judging from the feedback from the market, the move has a significant impact. Wang Nan said that in recent months, cotton prices rose by a daily average of 10 yuan / ton.

However, for textile enterprises, this is not a good news. It is reported that domestic and foreign cotton prices have long been upside down. Compared with imported cotton, domestic cotton prices are about 4000 yuan higher than that of imported cotton. "Because the market is weak, even if the cost goes up, there will be no driving force for the downstream enterprises." Wang Nan believes that if the "high value cotton" continues to be high, it will be worse for the textile enterprises that are faced with high cost and low sales difficulties.

"Protecting cotton farmers, damaging textile enterprises, protecting textile enterprises, and hurting them. Cotton grower 。 This is very difficult. " Zhang Jianyuan said so.