The New State Storage Cotton New Deal Is Expected To Reduce Cotton Prices In April

< p > < a href= "http://www.91se91.com/news/index_c.asp" > National storage cotton < /a > throwing and storing policy is expected to be adjusted in the near future, reserve price of cotton auction will be adjusted to 17000 yuan per ton (standard level), and at the same time, every 4 ton of national cotton and 1 cotton import quota quota policy should be implemented.

The source said the policy is expected to be implemented in April, and the news has not yet been confirmed by the NDRC.

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< p > < strong > long term good cotton textile > /strong > /p >

< p > < < a href= > http://www.91se91.com/news/index_c.asp > < /a > > 18000 yuan per ton auction price at the same time, and do not take the quota of import quotas at the same time.

The new national reserve cotton throwing and storage policy will significantly reduce domestic cotton prices.

At present, the black market price of a ton of cotton import quota has reached about 4000 yuan.

After the conversion, the new deal means that the actual price of state cotton will be reduced to more than 16000 yuan per ton.

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< p > 17000 yuan per ton, and at the same time, 4 to 1 take the import and export policy of < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > quota quota. If implemented, it will substantially reduce the difference between domestic and foreign cotton prices, which will benefit the cotton textile enterprises' international competitiveness and profitability level for a long time.

But the short term means that the cotton inventory of cotton spinning enterprises is depreciated, and the prices of finished products such as cotton yarn are under pressure.

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< p > < strong > reserve cotton deficit expanded < /strong > < /p >

< p > market participants say that policy adjustment is mainly affected by the national cotton reserves' de stocking activities.

As of March 19th, the total annual storage of cotton in the 2013 year was 6194520 tons, compared with the total volume of 702712 tons in the same period, resulting in over 13 million tons of state cotton stocks.

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< p > Ding Haowu, general manager of the national cotton trading market, told reporters that, including warehousing costs, cotton storage leads to quality degradation, loss of interest payments, etc., the state cotton per ton of annual need to bear 2000 yuan to maintain costs.

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< p > 13 million tons of cotton stocks mean annual maintenance cost of up to 26 billion yuan.

If we put more than 17000 yuan per ton, taking into account the current national cotton stocks almost all of the domestic cotton stored in the past three years, the average storage price in the three years will exceed 20000 yuan per ton, and the state will lose about 3000 yuan per ton for each ton of cotton reserves sold, and the deficit will expand.

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< p > Gao Yong, vice president of the China Textile Industry Federation, said that the current stock of cotton reserves is huge and the means of state inventory are limited. At present, the only effective means for the state to grasp is the quota of import quotas.

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< p > market participants said that the quotas of import quotas would help expand the market demand of large cotton reserves and prevent textile enterprises from entering the international cotton trade with 40% customs duties.

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