National Cotton Reserves Are Officially Sold Or Thrown Into Normal Storage At The Later Stage.

< p > national reserve cotton was officially sold yesterday, and the selling of < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > was mainly cotton production in 2008, distributed in 23 reservoirs in 12 provinces and autonomous regions such as Shandong, Shaanxi and Xinjiang.

On the same day, we planned to sell 38062 tons of cotton reserves, and the actual turnover was 20186.85 tons, with a turnover ratio of 53.04%. The average level of cotton reserves was 4.33, the weighted paction price was 18405 yuan / ton, and the 328 paction price was 19046 yuan / ton.

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Less than two months before the purchase and storage of domestic cotton came to an end, analysts believe that the state chose to throw the store at this time point, mainly to meet the raw material demand of cotton enterprises. P

"After large scale storage and purchase in the early stage, nearly 80% of domestic cotton has entered National Reserve in 2012/2013, and some textile enterprises have to turn to raw cotton for raw material procurement."

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Last Friday, the US Department of Agriculture released the January supply and demand report. Due to strong demand from China, the US cotton export volume forecast increased by 400 thousand packs, while the 2012/2013 import forecast for China was increased by 1 million packages in P.

The USDA report said strong imports and large purchases of domestic reserves led to tight domestic cotton business inventories and increased imports.

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< p > the policy of purchasing and storage has protected the interests of cotton farmers, but it has made the domestic textile enterprises difficult.

Some analysts believe that the dumping can effectively alleviate the current difficulties of domestic textile enterprises.

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< p > "although the quality of national cotton stored last time was not satisfactory, the cotton used in the later stage mainly depends on national cotton reserves."

A medium-sized textile enterprise official told reporters that after the enterprise received the national cotton store there is a grade discrepancy, the actual quality and weight and the difference between the public inspection certificate and other problems, the micron value is also poor.

"Many textile enterprises have opinions on this, but in the absence of import quotas, national cotton reserves are still one of the few options for textile enterprises".

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< p > in addition, there is a view that dumping is actually also a solution to the storage capacity of state-owned cotton reserves.

At present, China's cotton reserves have been stored and stored for 5 million 600 thousand tons, and the storage capacity is tight.

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< p > "every year 1 and February are the time when the cotton concentrates to the port. Choosing this time to throw away the storage can not only make the storage capacity available, but also control the quantity of cotton outside the port."

An grain futures analyst Huang Chengbao believes that the current state reserve cotton stocks are too large, and the latter may be normalized.

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< p > reporters also found that the announcement of the sale of the national cotton store did not give the deadline for dumping and storage, but only restricted the maximum number of bidding for the participating enterprises before March 31, 2013. Thereafter, the number of enterprises purchased will be announced separately.

In this regard, Huang Chengbao further said that once the dumping and storage normalization, it means that the continuation of the policy market, cotton prices will continue to remain warm.

Yesterday, Zheng cotton main 1305 contract narrowed throughout the day, closing at 19380 yuan / ton, a slight increase of 0.41%.

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< p > > a href= "http://www.91se91.com/news/index_s.asp" > market < /a > there have been rumors that the import quotas of textile enterprises may be linked to the selling of national cotton stores. According to the new import quota scheme, textile enterprises need to purchase three tons of cotton from the state reserve cotton per ton of cotton imports.

Therefore, some enterprises may be able to get the quotas from the state to save cotton.

However, there are also market participants saying that because there is no official document, the so-called new quota scheme is not yet clear, and the enthusiasm of the cotton enterprises to pick up the goods may not be too high at the beginning.

Yesterday's actual paction situation also seems to confirm this judgment. On the same day, there were 255 textile enterprises eligible for auction, and only 74 enterprises actually concluded.

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