Cotton Resources Tend To Be Tight And The Impact Of Storage Is Limited.
< p > storage and storage of cotton will soon be over. The market is expected to lag behind a href= "http://www.91se91.com/news/index_x.asp" > cotton < /a > resources will become tense.
However, policy dumping has already released some cotton to the market, and resource tensions have eased.
The author believes that the end of the dumping will have little effect on the upgrading of zhengmian, or the latter will be forced downward.
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< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201307/26/20130726093012_sj.JPG "/" < < >.
< p > policy dumping will end as scheduled, and spot cotton is expected to fail.
The current policy reserve is the main source of cotton supply in the spot market. The market expects that the main cotton supply pipeline will be temporarily interrupted after the end of the dumping period in July, and the market resources will become more intense and cotton prices will rise.
But in fact, most of the domestic textile enterprises participate in the auction of cotton reserves, which has provided enough cotton for later production.
As of July 24th, < a href= "http://www.91se91.com/news/index_s.asp" > policy dumping reserve > /a > cumulative turnover of 3 million 310 thousand tons, of which 2010 years ago, the total cotton turnover of 230 thousand tons, 2011 in the cumulative turnover of 1 million 550 thousand tons, 2012 in the cumulative turnover of 729 thousand and 400 tons, imports of cotton total turnover of 798 thousand tons.
According to the cotton business inventory survey of China cotton information network, as of the end of May, the total cotton business inventory in China was 1 million 380 thousand tons, and from June 1st to July 24th, the total amount of cotton reserves has been 1 million 180 thousand tons, that is to say, the total commercial inventory in China is 2 million 560 thousand tons. Even if the amount of 1 million tons of two months is deducted, the total volume of national commercial inventory is about 1 million 560 thousand tons at the end of July, which can fully meet the domestic cotton enterprises' demand for cotton.
And after September, new cotton will be on the market again, and the market supply will rise again.
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< p > inventory pressure is still relatively large, new cotton purchasing or storage strength will be weakened.
In the past two years, the implementation of the policy has basically achieved the policy goal of stabilizing a href= "http://www.91se91.com/news/index_q.asp" > cotton price < /a >, restoring normal cotton reserves and storing cotton rotation.
Roughly estimated, as at the end of July 2013, the total stock of reserve cotton was about 6 million 880 thousand tons, close to the annual output of cotton in normal years, and the inventory pressure remained large.
At present, the relevant departments are considering the cotton direct subsidy pilot project, and gradually replace the cotton purchase and storage policy.
In 2013, the state will continue to accept the policy of unlimited purchase and storage, but considering the current inventory situation, the new year will be weakened or the market supply will increase again.
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Temporary Purchasing And Storage Policy Acts As An Umbrella For Cotton Industry
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