The Policy Of Cotton Direct Subsidy In 2014 Has Not Yet Been Promulgated.

November 27, 2013 cotton trading market and China Reserve cotton The joint management company announced that:

(1) from November 28, 2013 to August 31, 2014, the China cotton reserve management company put in reserve cotton through the open auction mode of the national cotton trading market reserve cotton auction system.

(2) the reserve price of the cotton stored in the 1-7 year of this year, which was sold in accordance with the original GB1103-2007 national standard in, is 18000 yuan / ton of the bid price of the 328B standard class. The other grades are calculated according to the difference between the 3% grade and 1% length. According to the national standard of GB1103.1-2012 cotton sawtooth processing and fine cotton, the reserve price of 3128B standard class is 18000 yuan / ton. Other types and grades are determined according to the color grade and length class difference calculated by China Cotton Association. The bid price of the daily sale and actual batches of cotton will be based on the detailed information released at that time.

　 Comment:

1, before the national cotton sale price was 19000 yuan / ton placing quotas, the price dropped to 18000 yuan / ton directly. On the whole, the cotton price of throwing and storing is lower than before.

2, 2014 cotton canceled the purchase and storage is basically determined. We learned from Xinjiang that the Xinjiang Construction Corps has conveyed to cotton growers that cotton will no longer be stored or stored next year. In addition, Du Min, director of the rural development research center of the rural economic research center of the Ministry of Agriculture recently said that China's cotton temporary purchase and storage policy will no longer be implemented in the 2014/2015 cotton season. Cotton will be directly supplementation next year, but specific policies have not yet been introduced.

3, at present, the price of domestic grade 328 cotton is 19600 yuan / ton, while the price of imported M grade cotton is about 15000 yuan / ton, and cotton price difference between home and abroad reaches nearly 5000 yuan. Spin The heavy industry has seriously affected the international competitiveness of the domestic textile industry.

4, 2013-2014 after the completion of the purchase and storage of cotton, the total amount of cotton stored in the state will exceed 10 million tons. Although the purchase and storage of the cotton store has taken up a lot of money, the high and low purchase countries also need to subsidize a lot of money, but the balance of the cotton textile industrial chain is not effective. The abolition of the purchase and storage will help to link the domestic and foreign cotton prices, and domestic cotton prices will drop sharply, and the drop in the price of cotton throwing and storage will pave the way for the decline of cotton prices. The decline in cotton prices will help reduce the cost of textile enterprises, thereby enhancing the competitiveness of the domestic textile industry.

5, in the short term, the abolition of the purchase and storage of cotton for the chemical fiber, especially for viscose and polyester fiber, and short term avoidance of such stocks. But in the long run, we believe that the abolition of the purchase and storage of cotton will benefit the healthy development of the upstream and downstream industry chain of the textile industry, which will enhance the competitiveness of China's textile industry, and the growth rate of production and sales in the textile industry is expected to be enhanced. The increase in the production and marketing of the textile industry will make a long-term benefit to the chemical fiber industry, and will also make good benefits to the textile auxiliaries and dyes. It is suggested that we should pay close attention to dyeing auxiliaries and dye investment opportunities in the near future. cotton Pay attention to viscose, polyester and other chemical fibers after the price adjustment.