Cotton Reserves Were Launched Second Times In 2013.

stay Reserve cotton China's reserve cotton management company (hereinafter referred to as the Central Cotton store) has another task.

The relevant departments of the state decided that from November 28, 2013 to August 31, 2014, the reserve cotton would be put in the way of open auction through the cotton auction system of the national cotton trading market.

It is worth noting that this is the second time that the Central Cotton store has launched cotton sale this year. However, unlike the previous sell-off, the standard grade cotton price was 18000 yuan / ton, which was 1000 yuan lower than the previous selling price per ton, but it did not sell the sliding quota cotton import quota.

Insiders said that the government threw the store two times this year, and the selling price dropped sharply, and the pressure on reserve cotton inventory was clear.

"Compared with the last throw, this price is still slightly higher." Sun Liwu, an information analyst at Zhuo Chuang, said that if the policy of dumping and storage at the beginning of this year was accounted for without quotas, the price should be less than 18000 yuan per ton.

For the two consecutive year to start the cotton throwing activities, the director of the rural development research center of the Ministry of agriculture, Du min, said in an interview with the media, "this country is going to start the reserve cotton storage and storage. Spin The cotton inventory of enterprises has declined, and after the 2013/2014 new cotton purchase and storage started, the treasury stock and financial pressure increased.

The US Department of Agriculture released global cotton data at the end of the 2012/2013 crop as of July 31st this year, showing that global cotton stocks were 85 million 600 thousand packs, of which China accounted for 58%.

"This shows that in the next one to two years, the auction of reserve cotton is one of the main raw material sources for China's cotton textile enterprises." People in the industry explained that many cotton textile enterprises still have demand for the cotton reserves, but the price is still high.

In fact, in addition to the price, we would like to take part in the auction of cotton textile enterprises and bear a lot of financial pressure. The sale of reserve cotton needs to be sold in bundled mode. Some industry analysts pointed out that sometimes it takes millions of dollars to take a bunch of cotton, which is very stressful for the textile enterprises which are short of funds.

The industry is concerned that the second turnover of cotton reserves in the year may face challenges again. Some analysts pointed out that this reserve cotton throwing and storage activities such as the turnover rate is not ideal, and the reserve cotton price may still be lowered. This will further lower the international cotton price, widen the price difference between domestic and foreign cotton, and combat the profitability of the domestic cotton textile industry.

"The situation of downstream enterprises has not been significantly improved. Price And the resource structure has not fully met the psychological expectations of the auction companies, and it will not be very active for the time being. Sun Liwu explained.