Cotton Prices Coincided With The "Hunger Time" State Cotton Stores Sell At A Loss

< p > < strong > cotton enterprises are at "hungry hour" < /strong > /p >

< p > long rumored "a href=" http://sjfzxm.com/news/index_c.asp "national storage cotton < /a" sell-off policy was announced in November 27th. From November 28th to August 31st of next year, the cotton reserves were not tied up for import quotas, and the reserve price was 18000 yuan per ton.

From January to July this year, cotton was first sold in 2011, and the public inspection was carried out according to the original national standard, while others were executed according to the new national standard.

< /p >

< p > "before it was put into operation in July and August when cotton was in the blue. Now cotton is in the peak season for processing and purchasing. Basically, 50% cotton is bought, and the country only throws it."

Liu Maihui, general manager of Henan China cotton trading market limited, said that at present, there was not much stock in the cotton mill, but most of the mills did not buy the new cotton market because of the higher spot price.

< /p >

< p > on the first day of the launch of the cotton reserves, the planned sale of 24353.6834 tons of the warehouse was sold, and the actual turnover was 12311.5538 tons, with a turnover rate of 50.55%, of which 9293.7878 tons of domestic cotton were traded and 3017.766 tons of imported cotton.

Market participants analyzed that the low turnover rate was due to the fact that the current cotton mill was less competitive in bidding system, and that most of them were cotton and cotton mills.

If the mainland cotton is reduced in the late period, Xinjiang cotton will enter the market once more, and the turnover will reach more than 80%.

< /p >

< p > > until the end of August 2014, it means to let the cotton mill not panic, so long as there is demand, the national cotton reserves will be sold.

Liu Maihui said that at present, the amount of domestic cotton reserves should be around 8 million tons, and the domestic cotton mill can digest 700-800 tons a year, and 10 million tons three years ago.

< /p >

< < p > > the cotton enterprises generally interviewed by our newspaper reporter generally reflected that the inventory of enterprises is relatively tight at present, and the state seems to be interested in increasing the "hunger feeling" of cotton enterprises. "This year, 1 to July, national cotton stores have also been sold, but they are only sold to the enterprises until September, and there is no further sell-off. Considering that the price of new cotton is relatively high, enterprises are currently emptying their inventory and waiting for the national cotton to be thrown out."

< /p >

< p > but the "hunger" of a href= "http://sjfzxm.com/news/index_c.asp" > market < /a > has selectively absorbed the national cotton sale.

In the two days of auction time, nearly 40% of the target stream is patted.

The main target of the auction is cotton production in the mainland, while the turnover rate of Xinjiang cotton is relatively high, and the turnover rate of imported cotton is also very high.

Within two days of the start of the auction, almost all the imported cotton imported from the national cotton store were sold.

< /p >

< p > market analysis, the sale will be limited in the short term. "Considering that the sale of cotton in 2011 is needed, the textile industry will consume it, the state will control the total amount, and then let the textile enterprises compete."

According to the cotton business, it has received specific notification to bid for the auction of the national cotton auction. The amount of the auction will be in March 31st next year, and the national cotton dump will be sold in two rounds.

< /p >

"P" after the auction in November 28th, 28, 29, two days of the auction rate of 60%, and more enterprises are waiting for the China Cotton Textile Association for their bid qualification examination, "28 days after examination allowed to enter only more than 100 enterprises, in November 29th has increased to more than 240."

< /p >

< p > < strong > < a > href= > http://sjfzxm.com/news/index_c.asp > > market > /a > at inflection point < /strong > /p >

< p > since 2011, in order to stabilize the market expectations of cotton producers, operators and cotton enterprises, under the guidance of the starting point of protecting cotton farmers' interests and ensuring market supply, the state has implemented three consecutive years of cotton storage and storage, and the price of storage and storage is 20400 yuan per ton.

< /p >

< p > 2013, the new cotton purchase and storage is coming to an end. The market participants said that the amount of storage and storage of the state nearly 4 million tons this year. Since the purchase and storage for three years, the stock in the national storage and storage bank has reached about 10 million tons, and the purchasing and storage price of 20400 yuan per ton for three consecutive years is actually higher than the market cotton price.

< /p >

< p > taking new cotton as an example this year, the market price is about 19500 yuan per ton, but the state accounts for about half of the new cotton output, and most cotton enterprises believe that the new cotton market price is too high. They are waiting for the sale of national cotton stores, and the enterprises do not have the enthusiasm to buy new cotton. At present, the new cotton market is basically "priced without market", and the market price is basically the purchase and storage price.

< /p >

< p > market participants said that on the one hand, the state bought and sold new cotton at a high price and pushed up the price of the new cotton market; on the other hand, it used cotton enterprises to think that the price of the new cotton market was too high and chose to wait and wait for the sale of state cotton and cotton. In addition, the price of the cotton in the international market was at a low level, and the price difference between the domestic and foreign cotton market was nearly 5000 yuan / ton. At present, the domestic cotton market is at the turning point.

< /p >

< p > "buy at 20400 yuan per ton, then sell at a minimum price of 18000 yuan per ton, plus storage fees, storage fees, pportation costs, etc., and a ton of cotton countries should pay nearly 2400 yuan."

The head of Henan China cotton trading market Co., Ltd. said.

< /p >

< p > many cotton enterprises do not understand the way of selling the state at a loss.

Huafu color spinning Limited by Share Ltd insiders said that under the current situation of lower international cotton prices, the state could consider more storage and export of cotton and the domestic cotton pricing power to the market. Now the price difference between domestic and foreign cotton has also been very large, causing a certain pressure on the operation of textile enterprises.

< /p >

< p > analysts said that the cotton purchase and storage in the country actually caused the cotton price to be at an unreasonable high level, and selling at a loss was already a loss of economic interests.

In fact, high cotton prices in China will eventually require consumers to pay the bills, and the state should reduce its intervention in the cotton market.

< /p >