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    The Policy Of Keeping And Closing The Cotton Remains Unchanged.

    2013/4/3 23:26:00 27

    2013Official InformationReservesBadXinjiangCotton

    < p style= "text-align: center" > < img src= "/uploadimages/201304/03/20130403113729_sj.GIF" align= "center" border= "0" alt= "/" < < > >


    < p style= "text-align: center >".


    < p style= "text-align: left > > the temporary storage and storage of cotton in 2012, which was launched in September 10, 2012, has gone through nearly 7 months. Finally, it has come to a close at" strong "a href=" http://www.91se91.com/ "> 2013" /a "> /strong > March 29 days.

    On the 124 working day, total storage and storage of 6506410 tons, including 2229660 tons in the mainland, 2549800 tons in Xinjiang, 1726950 tons in backbone enterprises, and nearly 90% tons of 7 million 400 thousand tons per year.

    It costs 20400 yuan / ton to purchase and store the price, which costs about 130 billion yuan.

    < /p >


    < p style= "text-align: left" > < strong > storage and purchase order market rebound > /strong > /p >


    < p style= "text-align: left" > from the price of cotton < strong > a href= > http://www.91se91.com/ > futures > /a > /strong > price, Zheng cotton has indeed obtained good support from the policy of purchasing and storage.

    The Zheng cotton index began at about 19500 in early September last year, the lowest drop nearly 500 points to 18988 points, the highest rebounded from 1000 points to 20526 points, in March 29th, at 20279 o'clock, the overall price remained stable.

    The Chinese cotton 328 index, representing spot cotton, rose from almost 18587 points in September 1, 2012 to 19375 points in March 29, 2013, rebounding 788 points.

    < /p >


    < p style= "text-align: left" > similar quotation also appeared in the process of temporary storage and purchase in 2011.

    During the temporary storage and purchase in 2011, the total storage capacity was 3 million 130 thousand tons, and domestic cotton futures and cash spots also had a good rebound. However, with the end of the policy of purchasing and storage, Zheng cotton fell sharply in May, hitting a monthly decline of nearly 10%, and fell through the purchasing and storage price support.

    Different from the temporary storage and purchase policy in 2011, the purchase and storage account for < strong > a href= "http://www.91se91.com/" > the annual output is < /a > /strong > the proportion is large, almost all the cotton that can be collected and stored during the year.

    From the perspective of domestic cotton business inventories in February, the mainland's commercial inventories were 750 thousand tons, while Xinjiang's stock was 320 thousand tons, totaling 1 million 70 thousand tons, much lower than the same period Statistics (the average data of December was 3 million 195 thousand tons since 2009).

    In February, data showed that industrial stocks were 759 thousand and 800 tons, down about 41 thousand and 500 tons from 801 thousand and 300 tons last month.

    The scarcity of circulation resources in the late period indicates that it is difficult to see a similar crash in May last year.

    < /p >


    < /p >


    < p style= "text-align: center" > < /p >


    < p style= "text-align: center" > < img src= "/uploadimages/201304/03/20130403113713_sj.JPG" align= "center" border= "0" alt= "/" < < > >


    < p style= "text-align: center >".


    < p style= "text-align: left" > < /p >


    < p style= "text-align: left" > < /p >


    < /p >


    < p style= "text-align: center >".


    < p style= "text-align: left >" > strong > throwing or storing as main resource source < /strong > /p >


    < p style= "text-align: left" > on the other hand, the dumping and storage in 2013 is also in full swing.

    As of March 29th, domestic dumping and storage pactions finally broke through the million tons mark.

    Judging from the current dumping and storage pactions, the planned daily launch volume dropped from 80 thousand tons / day in February to about 70 thousand tons / day, and the proportion of pactions actually rose from less than 20% in February to nearly 40% at the end of March.

    < /p >


    < p style= "text-align: left >".


    < p > according to the amount of 70 thousand tons per day, the volume of trading available in 22 working days per month is 1 million 540 thousand tons, which can fully meet the market demand.

    Moreover, the State Reserve has indicated that the new cotton reserve will be increased in the late 2012 to meet the market demand.

    Although the price is still higher than that of imported cotton, the current selling price of the auction is basically close to the base price, which is also close to the < strong < a href= "http://www.91se91.com/" > the spot index < /a > /strong.

    In addition, there are reports that some enterprises have received notice of processing trade quotas, which are basically consistent with previous rumors.

    Therefore, although the circulation resources are relatively tight, the national storage and imported cotton will become an important resource supplement for the market, and the actual supply of resources will not be tight.

    < /p >


    < p > {page_break} < /p >


    < /p >


    < /p >


    < p style= "text-align: center" > < img src= "/uploadimages/201304/03/20130403113519_sj.JPG" align= "center" border= "0" alt= "/" < < > >


    < p style= "text-align: center" > < /p >


    < p style= "text-align: center" > < strong > span style= "font-family: song body; font-size: large; text-align: start; >" new year storage policy or deposit game "


    < p style= "text-align: center" > < /p >

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