The Impact Of Reserve Cotton On The Current Cotton Market Is Not Obvious.

Early rumours cotton The policy of dumping and storage finally came to the ground: the reserve cotton began in November 28th and ended in August 31, 2014. It is still being put through the open auction mode through the national cotton trading market reserve cotton auction system. The sale of 1~7 in the year of this year, according to the original national standard of 2011 cotton reserves, 328B standard class bidding price of 18000 yuan / ton.

The impact of the reserve cotton on the current market is not obvious. Before that, domestic cotton prices continued to fall, and the prices of dumping and storage were basically consistent with previous expectations, and the market reaction was generally dull. Due to the adjustment of State purchasing and storage policy, enterprises hope to liberalize the cotton market price under the guidance of the spirit of the party in the third Plenary Session of the 18th CPC Central Committee and fundamentally solve the troubled cotton problem for many years.

Throw store "boots" landing

Reactions vary.

At present, the spot price of cotton is much higher than that of the state, and the domestic cotton price pressure is high after starting the dumping. This year cotton seed cotton purchase progress is slow, cotton mill processing is not profitable, and the rate of start-up is not enough. After the national cotton reserves were formally put into operation, the spot price of cotton fell, and spot sales were even more difficult. The price of cotton outside the port rose slightly, and India cotton and American cotton quotas have been raised.

At present, there are more stock in the State Cotton store, and the scope of selection of raw materials for purchasing enterprises will be expanded after starting the dumping and storage, which will gradually enrich the cotton resources. But in interviews, quite a few. Spin According to the cotton enterprise, there is still 2~3 months' inventory of cotton. Now we are not eager to participate in the auction. Some textile enterprises ready to participate in the auction will choose the right resources according to their production needs, so as to reduce the occupation of funds.

In November 28th, the first day of cotton storage was put into operation, and the actual transaction ratio was 50.55%. On the same day, the sale price of reserve cotton was 328 yuan, which was 18218.66 yuan / ton, and the average price was 1386 yuan / ton lower than the CCIndex3128B price of that day. In November 29th, the actual turnover ratio of cotton reserves was 59.06%; on the same day, the sale price of cotton reserves was 328 yuan, which was 18302.53 yuan / ton, and the average price was 1300 yuan / ton lower than the CCIndex3128B price of that day.

Compared with domestic cotton, imported cotton is more popular. In November 28th, China made 9293.7878 tons of cotton, accounting for 44.31% of its total share. Imported cotton traded 3017.766 tons, accounting for 89.26% of the proportion. In November 29th, China made 11610.2215 tons of cotton, accounting for 53.69% of its total share. Imported cotton traded 2839.9585 tons, accounting for 100% of the proportion.

More cotton reserves

　　 Imported cotton Favored

In order to ensure the performance, the cotton textile enterprises must deposit no less than 500 thousand yuan in the trading market before entering the transaction. In a competitive transaction, the trading market temporarily withholds the performance bond from the dealer's margin in accordance with the quantity of the transaction by 1000 yuan / ton. Dealers will not suspend trading until margin is insufficient. In addition, the cotton enterprises must remit the payment to the central storage cotton general company within 5 working days after the transaction. In this regard, useful cotton enterprises say that the amount of margin is too high, and some places are out of stock, so buying a bundle of cotton will take up millions of yuan for a long time. For many textile enterprises, especially small and medium-sized enterprises, it will increase the pressure of enterprise funds.

On the other hand, after several rounds of reserve cotton put into operation, the cotton enterprises have criticized the quality of the national cotton reserves. The quality of the national cotton stores at present makes the cotton enterprises uneasy. Many enterprises reflect that there are some quality problems in cotton reserves: some Reserve cotton The grade is too high, the actual quality is not up to the grade marked, causing losses to the cotton enterprises; the stored cotton is not marked with machine picking or hand picking; because of their differences in quality, they cause inconvenience to the production and distribution of cotton; there are three silk and other items in the part of the stored cotton; the reserve cotton is sold in a "bundle" way, and the weight of each bundle is about 200 tons, and the quality of the same cotton bundle is poor, which also brings difficulties for the enterprise to use cotton.