Reserve Cotton: Less Than Market Price, Not Losing Money.

The weather is getting cold in Xinjiang, and cotton picking is basically over. At present, cotton farmers are returning to the countryside to enter the peak period. and Intermediate storage cotton The storage and storage of cotton also entered the rush hour. In order to ease the inventory pressure, the Central Cotton store recently sold and stored new policies. Because some warehouses are full, many enterprises can not auction the index. In October 30th, the Central Cotton store adjusted the way of storing and storing cotton, and the same encryption card could only be sold on a trading day. Each purchase and storage index was clicked for sixtieth times as an effective directive.

In November 5th, zhongchu cotton also launched a large single contract system, signed a large contract with the China Cotton Group Co., Ltd., the Xinjiang production and Construction Corps, cotton and hemp company and so on. Open storage data show that the actual storage and storage of 3 million 255 thousand tons in 2011, the number of storage and storage reached a record high, accounting for 2011 of the national cotton output of about 50%. According to industry estimates, cotton stocks in the central storage cotton reached 4 million tons last year, the highest in previous years.

According to Dow futures statistics, as of November 8th, the state has accumulated 2 million 180 thousand tons of storage, plus the amount of contracted storage of Sino cotton and China cotton and corps in excess of 3 million tons, accounting for more than 40% of the total output of the country. In addition, the storage price is higher than the market price this year, and the number of storage reserves is increasing. The industry estimates that the state reserve cotton is about about 7000000 tons at the end of the purchase and storage. The storage and storage have not yet been finished, and the central storage cotton has mastered enough ammunition that affects the domestic cotton price. Future cotton prices will show what trend, cotton industry chain traders, logistics providers, cotton enterprises, cotton association and other related people are full of worries.

Li Qunxian, deputy general manager of Ningbo cotton import and Export Co., Ltd., a cotton trader, has been running between Qingdao and Ningbo, and has just finished processing imported cotton from the company's warehouse in the Qingdao bonded area. "This year's import cotton shipments are close to the jump price, some traders sold 6000 yuan per ton. "Li Qunxian said that because of the expiry of the letter of credit and the bank's reminders, many people who did import cotton business this year were forced to ship out without making money.

At the same time, compared with the hundreds of thousands of tons of pressure storage several months ago, cotton Many bonded warehouses in Qingdao are now empty. Jia Shaobin, general manager of Qingdao Hong Chuan Logistics Co., Ltd., who specializes in cotton logistics, said that the inventory of imported cotton had dropped rapidly recently, and he was caught off guard by the reverse market. He felt that the days of bonded warehouses next year would be very sad.

Jia Shaobin is now adjusting the import cotton inventory structure, making foreign cotton traders' consignment account for a certain proportion. The consignment cotton is the cotton that can be used for sale and circulation, which is different from the imported cotton belonging to the domestic cotton enterprises, so that "even if the future import volume is reduced, after all, China is the largest market of imported cotton, and foreign cotton traders will also go to the bonded warehouse for consignment". The cotton of the port is gradually emptying, and how much inventory does the domestic traders, cotton processing plants and textile enterprises have? "He thinks that besides the textile enterprise's hand, more cotton is in the national reserve.

According to industry estimates, the storage and storage capacity of the central storage cotton has reached 1 million 500 thousand -200 tons this year. By the end of January next year, most of the three or four grade cotton will be stored and stored at the end of March. "At the end of March, the total amount of storage will be at least 7 million tons. "And China Cotton store last year Cotton inventory It has reached about 4 million tons, the highest in history. At present, the purchase and storage has not yet been finished, and the central storage cotton has mastered enough ammunition that affects domestic cotton prices.