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Qingdao Bonded Port Area Must Set "China Price" For Global Cotton.

2014/3/27 22:40:00 70

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reporter learned from < a href= "http://www.91se91.com/news/index_c.asp" > Qingdao < /a > City bonded port area. Recently, the State Administration of Foreign Exchange formally approved the Qingdao Free Trade Zone commodity trading market to carry out spot trading foreign exchange management policy test, and formulated the prefix dollar margin system under the trade term. 
 this policy is still the first in the country and will be tried in the bonded port area of Qingdao. The first trial market is Qingdao international commodity exchange and cotton trading market. The trial of the policy will be a major breakthrough in the Qingdao free trade port area in the process of Shen Jian free trade area. 
After the implementation of the P US dollar deposit system, the Qingdao bonded port area will allow the commodity trading market to set up an account of the US dollar deposit under the trade and its member account in and out of the country, which will be used for the deposit, spanfer, payment and refund of the default payment of the US dollar deposit. 
 at the same time, traders are allowed to facilitate the purchase of foreign exchange, settlement and spanfer of the US dollar margin and profit and loss in the course of market spanaction. 
 the approval of this policy will have a historical significance for attracting foreign members to enter the market, facilitating cross-border trade and investment and financing channels, speeding up the introduction of international capital and enlarging the scale of market spanactions for the commodity trading market of Qingdao bonded port area. 
 it is estimated that only the Qingdao international free trade port Qingdao international a href= "http://www.91se91.com/news/index_c.asp" > commodity exchange < /a > will attract more than 100 overseas members to enter the market in 2 years, and the spanaction scale will reach US $5 billion. 
 at the same time, it is conducive to the "a href=" http://www.91se91.com/news/index_c.asp "> cotton market < /a > gradually building up a set of independent pricing system of the world cotton spot trading, which is independent of the New York US cotton futures market, and has a certain authority and wide range. It forms the guiding price of cotton in China, and then promotes the construction of the international large-scale spot supermarket in the cotton market, and builds the largest import cotton distribution center in China. 
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 at the level of raw material inventory, affected by the lack of liquidity, the drop in the price of cotton reserve and the import quotas of tying up the new deal, the cotton inventory of most cotton spinning enterprises is less than 30 days, basically stop buying cotton, and speed up the digestion of cotton stocks. Individual enterprises only have 2 weeks of cotton stock usage, and buy with them. A source told the great wisdom news agency that the state is expected to reduce the cotton reserve price in April to 17000 yuan per ton (standard level), and implement a quota of 4 tons of cotton for each ton of imported cotton. Short term price of reserve cotton means short price and depreciation of cotton raw material inventory in textile enterprises. 
At the level of industrial layout, under the influence of cotton policy, rising costs, taxes and financial pressure, a large number of enterprises plan to "go out" to build a spinning factory overseas and plan to spanport yarn products to domestic enterprises in the majority. P Investment and construction of dyeing factories and cotton growing enterprises increased. 
 at the employment level, cotton spinning enterprises generally reflect recruitment difficulties because the young workers are unwilling to work night shifts, and a large number of employees are over 40 years old. 
 at the investment level of technological spanformation, most enterprises have insufficient confidence in the latter stage of the market and have no intention to invest, except for a few enterprises who have investment intentions. The enterprise that intends to invest is mainly to upgrade and upgrade equipment. Individual state-owned enterprises want to invest in equipment, but they say they are short of funds. Some enterprises plan to set foot in other industries such as real estate and hotels. Some believe that they can only maintain the status quo, and expect some changes in market and policy in the second half of this year. 
 at the national cotton storage level, the spinning cotton spinning enterprises basically participate in the auction of national cotton stores. The auction price takes 4 class national cotton as an example, basically around 17700 yuan per ton, and the domestic and foreign cotton price is about 3500 yuan per ton. Enterprises generally reflect that there are many problems in cotton storage in the country, mainly due to the poor quality of cotton, the existence of heavy losses and the serious phenomenon of arbitrary charges.