China'S Cotton Purchase And Storage Plan Is Not Surprising. The Market Has Turned To Expect "Throw Store" Boots Landing.

< p > < < a > href= > http://sjfzxm.com/news/index_q.asp > China's cotton purchase and storage plan < /a > in the year of 2013/14, the market reaction is not surprising, so it was expected before, and the market looked forward to another boot, that is, how the government will sell the existing huge quantity of cotton reserves.

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< p > in fact, no matter what the price is, China continues to buy and reserve orders. The a href= "http://sjfzxm.com/news/index_c.asp" > cotton industry < /a > is rather disappointed because two consecutive years of acquisition and storage have made the Chinese government the biggest buyer and seller of the cotton market, and the market price determiners make the cotton futures with "discovery price function" fall into "no warehouse receipt difficulties" and have triggered many bull market.

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Many of the details of "P throw" are very uncertain. For example, the cotton varieties, quantity and price of throwing cotton stocks, and more importantly, whether the cotton throwing and storing is allowed to make circulation of warehouse receipts will bring some light to the current uneventful cotton futures market.

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< p > "throwing and storing policy is more powerful, deciding whether warehouse receipts are circulated. If it is not allowed to circulate, it will be unscrupulous to do more (cotton), waiting for the last boot to come down.

It's settled, and the direction is fixed.

Huatai the Great Wall futures cotton expert Cao Xianghui said.

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< p > the new year's collection and storage policy is generally released at the end of February and the beginning of March before the a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > cotton < /a > planting. However, this year it is more than a month late, and it is obviously unable to improve the current cotton planting situation falling to ten years low.

Because of the attractive price of storage and storage, about 90% of China's 2012/13 cotton has been in the national reserve.

Market speculation that China currently has about 10 million tons of cotton reserves has exceeded China's demand for one year.

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< p > market participants admitted that although demand recovery, but because of the current cotton market segmentation, cotton futures have basically been unable to provide hedging services for spot enterprises, so that spot companies have withdrawn from the futures market, speculators dominated the cotton futures market reduced the risk of 1305 contracts forced warehouse.

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Under the current situation, a key point that can change the current situation of cotton production is p, and whether it will allow the storage of cotton to make warehouse receipts for circulation in the future, otherwise cotton futures will remain "stagnant water".

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< p > however, Cao Xianghui said that the order of the downstream cotton textile enterprises is recovering, and the operating rate is rising. Although the overall level is lower than the average level in previous years, demand recovery will support cotton price to a certain extent, and the price of cotton purchase and storage in the new year will also stabilize the market.

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< p > Green futures cotton analyst Ma Zhanyi stressed that from the past year's policy and price of dumping and storage, the state should not protect the market if it wants to protect the interests of farmers and downstream a target= "_blank" href= "http://www.91se91.com/" > textile < /a > enterprises.

"Cotton prices will rise in a short period of time. Purchasing and storage will play a certain role. However, the profit of the stock market will be exhausted. In light of past years, the price will tend to fall after the end of the purchase and storage. Finally, the price will fall below the reserve price, and this year there may be an inertia decline."

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< p > China's cotton temporary purchase and storage plan in 2013 shows that the year will continue to be open and storage. The price of temporary storage and storage will remain unchanged over the previous year. That is, the price of temporary cotton purchase and storage in 2013 will be 20400 yuan per ton of standard grade lint to the warehouse, and the quality of the storage and purchase will be carried out according to the new cotton standard, which is in line with the market's general expectations.

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< p > < strong > * market expectations policy is clearer * * /strong > /p >

< p > in fact, under the background of policy market, the relationship between cotton prices and supply and demand before China is not very large, and more with policy fluctuation, this market was abandoned by many investors, and the volume of futures market fell to the bottom of history.

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< p > China has been storing cotton for two consecutive years. Due to the textile demand in the lower reaches and the price of national storage and storage far higher than the price of imported cotton, about 90% of cotton in China's 2012/13 has been in the national reserve.

At the same time, China's large number of reserve cotton reserves has become China's largest cotton supplier, and the limited quota of imported cotton makes it difficult for downstream enterprises to purchase cheap imported cotton.

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< p > no matter buying or selling, the Chinese government is leading the cotton market.

Market participants have criticized the "unified purchase and marketing" plan mode, and the future cotton should return to the market economy.

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< p > "even if the policy of purchasing and storing is announced now, the next step is not clear. Investors are still watching more and there is no room for operation."

Ma Zhan said frankly.

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< p > industry insiders stressed that the national cotton purchase and storage policy has been in a dilemma.

This year's announcement of cotton purchase and storage policy is more than a month late than before. It reflects the differences between the government's policy of purchasing and storing up, and the possibility of the abolition of the purchase and storage policy and the direct subsidy to farmers in the future.

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At the end of last month, the situation analysis of the China Cotton Association also pointed out that the temporary purchasing and storage policy played an important role in stabilizing the market and protecting the interests of cotton farmers. However, the policy could not last for a long time. It was suggested that the state should take account of the interests of the industrial chain on the basis of stabilizing the cotton production, and consider the two markets and two resources at home and abroad, and establish a long-term mechanism for the development of the cotton industry.

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< p > < strong > * * other news items of commodities this week * * /strong > < /p >

< p > - China Customs announced the import and export data of commodities in March this year, indicating that 64 million 550 thousand tons of iron ore and concentrate were imported in March, up 14.4% from the previous month.

In March, 319603 tons of UN forged copper and copper products were imported, up 7.2% from last month.

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< p > - China Steel Association said that in March, China's steel social inventories rose sharply and hit a record high. The social stock of steel increased continuously, and the pressure on inventory in later stage was great.

In late March (21-31), raw materials for crude steel production reached 2 million 72 thousand tons, and the growth rate was 0.4%.

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< p > - analysts and trade sources said on Thursday that China's soft red winter wheat purchased in China was at least the highest number in nine years. China should buy more this year later, because China needs to replenish its depleted reserves and use the cheap price of imported wheat to meet China's increasing demand for livestock feed.

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< p > - China's Ministry of industry and information technology announced on Thursday the goal of 19 industrial sectors to eliminate backward production capacity this year.

The industry that plans to eliminate backward production capacity is the same as that in 2012, of which the target of steel-making capacity elimination is 7 million 810 thousand tons, which is basically the same as last year's target.

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< p > -- under the influence of finished oil storage pressure, Sinopec, China's main refiner, plans to reduce its processing capacity by 1 million 500 thousand tons in the two quarter.

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< p > - Statistics released by China's National Energy Administration on Tuesday showed that the wind power generation capacity and installed capacity of wind power increased by 41% and 31% respectively over the same period last year, but the average utilization hours of wind power decreased.

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