The Cotton Purchase And Storage Policy Under The New National Standard Started Yesterday.

< p > the national development and Reform Commission issued a notice to the China cotton reserve management company yesterday (< a href= "http://sjfzxm.com/news/index_c.asp > < < /a > > to start 2013 cotton temporary storage and purchase >", the notice pointed out that since the beginning of the 2013 cotton year, the new cotton has been on the market, and the market cotton price has been five consecutive working days lower than the cotton temporary storage and purchase price announced by the state for 20400 yuan / ton.

According to the provisions of the reserve plan, starting from September 9th, the 2013 cotton temporary purchase and storage will be started.

< /p >

< p > "this year's cotton storage and purchase rules are formulated according to < a href=" http://sjfzxm.com/news/index_q.asp > cotton new national standard < /a >. After the storage and price of cotton came out yesterday, many cotton processing enterprises indicated that they basically met expectations.

Central Plains futures analyst Wang Wei said.

< /p >

< p > it is understood that the new national standard of cotton was officially implemented in September 1st this year.

According to the new national standard, the temporary storage and storage area of cotton in 2013 is: color grade white cotton grade four and above, light spot cotton grade two and above; length class 27 mm and above; length uniformity and low grade and above; rolling mill quality intermediate and above.

The cotton price difference rate is implemented according to the new cotton quality difference table of China Cotton Association, which was newly adjusted in August 30th.

< /p >

< p > "compared with the previous system, the biggest change of this year's < a href=" http://cailiao.sjfzxm.com/Matertial/show/default.aspx "> cotton < /a > new national standard is to upgrade the cotton grading from" grade "to" color level ", which will play a strong support for the reform of cotton system at the technical level.

Wang Wei said that the internal quality of cotton, including impurity rate, foreign fiber, short staple rate and other cotton textile enterprises actual production needs closely related indicators in the new national standard has more fully reflected.

"But for cotton processing enterprises, this year's storage standards in accordance with the new national standard of cotton, we need to strictly control the quality."

She said.

< /p >

< p > Yu Jiang, senior researcher of China International Futures, told the futures daily that cotton's "color level" and "grade" are two completely different concepts, and there is no one to one correspondence.

The standard of sawtooth cotton is changed to color grading, that is, according to the color depth and shade of cotton, 7 grades of the old standard are divided into 4 grades, 13 grades, namely white cotton, light spot cotton, light yellow cotton and yellow cotton.

The quality evaluation system of sawtooth cotton will be totally different from the original one, resulting in a different trade settlement system.

It is understood that China's cotton market circulation of fine cotton 98% is sawtooth cotton.

< /p >

"P >" this year is the first time to implement the new national standard of cotton. The cotton inspection will be more meticulous and strict. If we exclude human factors, the quantity of cotton that meets the standards of storage and storage will be less than last year.

It is estimated that 5 million tons of storage will be collected and 80% of cotton output will be imported.

Some analysts said.

Statistics show that in 2012, 6 million 506 thousand tons of cotton were collected and cotton output was calculated by 7 million tons, and the total amount of cotton accounted for 93% of cotton output.

< /p >

< p > "under the condition of loose supply, many cotton companies will choose to register their warehouse receipts in the futures market for hedging.

The circulation of cotton in the market in 2012 is very small, resulting in a serious shortage of registered warehouse receipts. "

Yu Jiang predicts that the storage volume will not be too large this year, and the market circulation of cotton will increase.

< /p >