Cotton Purchase And Storage Tightening Policy Started In 2013

NDRC to China Reserve cotton The management company issued the notice on starting the temporary storage and purchase of cotton in 2013, when the market price of cotton has been five consecutive working days lower than the state announced cotton temporary storage and storage price of 20400 yuan / ton. According to the provisions of the reserve plan, it was decided to start the temporary storage and purchase of cotton in 2013 from September 9th. Compared with previous years, it was "late" for 9 days.

Yesterday afternoon, the reporter was informed that 2013 to 2014 cotton purchase and storage rules have been announced. Reporters access to the rules found that the purchase and storage requirements for cotton processing enterprises increased, payment methods and the amount of security changes.

　 The market price is lower than the reserve price.

Reporters learned that from 2011 store up Since then, the domestic cotton market price has been lower than the state's purchase and storage price, resulting in the phenomenon of active storage and storage in the past year. At present, the price of cotton in the market is about 19100 yuan per ton, which is one thousand yuan lower than the state's purchase and storage price.

According to the information of Zhuo Chuang's information, the current cotton mill's weighing scale is nearly 10%. Since the middle of this month, the scale will increase greatly. "The opening rate only means that the enterprises begin to buy cotton, which is not the same as the processing rate." Sun Liwu, an information analyst at Zhuo Chuang, told reporters that the current scale of cotton mills has always been at a low level. The atmosphere of the whole cotton processing industry is very strong, which leads to the current operating rate of less than 10%, and the operating rate in the same period in previous years is at 15%~20%, which is about 5% lower than that of the previous year. With the announcement of cotton collection rules, processing enterprises are expected to bid farewell to wait-and-see status, and gradually improve the operating rate.

　 The storage regulations are more stringent.

Yesterday afternoon, the reporter was informed that 2013 to 2014 cotton purchase and storage rules issued, which for cotton processing enterprises storage regulations, more stringent than ever.

According to the receipt and storage rules, the cotton reserves will be paid to the enterprises in a lump sum this year. The storage and storage enterprises issue special invoices for value added tax according to the amount and requirements of the reserve cotton settlement sheet, and send the invoice to the central storage cotton General Corporation. The central storage cotton company receives all the payment from the storage and storage enterprises after receiving the VAT invoice.

That is to say, when all the procedures are completed, the storage enterprises can receive 100% of the payment, which will lead to the extension of the enterprise's repayment time. Sun Liwu said, in the past processing enterprises in the storage, will receive the initial inspection documents can receive 80% of the cotton stored in the payment of goods, and so on after the settlement, the enterprise has obtained the VAT invoice, the remaining 20% of the money can be obtained. "For enterprises with a shortage of funds, such a stipulation prolongs the time of funding, and thus increases the difficulty."

Not only that, the new round cotton The receipt and storage also increased in the margin of the storage enterprises. According to the request of the development and Reform Commission, the storage enterprises that have passed the examination should deposit 500 yuan / ton margin in the trading market. Reporters learned that the margin of the storage enterprises in previous years was 300 yuan per ton, so the impact of such a substantial increase on the storage and storage enterprises is obvious. Some market analysts believe that this may cause enterprises to be unable to smooth storage.