National Cotton Reserves Promise Not To Put Cotton Prices In The New Cotton Season Or To Build A Bottom Under 14000 Yuan.

Gao Fang, executive vice president of China Cotton Association, said recently that the state reserve cotton pledge will not put down the cotton market until March 2015.

After March, it was decided according to the market situation.

Opportunity.

Gao Fang made the above statement at the 2014 annual conference of the International Federation of textile manufacturers.

At the same time, it is revealed that after March 2015, if the domestic cotton market is in short supply, the state reserve cotton will arrange the outgoing stock.

And when the domestic cotton market is oversupplied, the domestic cotton price has not risen.

There may still not be a library.

According to the existing policy, in addition to the 1% cotton import quotas (no more than 900 thousand tons a year), the state will no longer issue other cotton import quotas in the near future and stop the market of national cotton reserves.

Cotton supply in the domestic market will mainly depend on domestic cotton production in the 2014/2015 cotton season.

Market supply and demand reality shows that domestic cotton prices are expected to bottom in the middle and late 2014/2015 cotton season.

Gao Fang told Da wisdom news agency that the output of domestic cotton in the 2014/2015 cotton season is about 6 million 600 thousand tons, and the cotton consumption in China will reach 8 million 500 thousand tons in the year.

At present, the domestic cotton price level is close to the actual price level of cotton, and there will be no room for further downlink.

Yang Shibin, assistant president of China Textile Industry Federation, also expects cotton consumption in China to be 8 million 500 thousand tons this year, an increase of 500 thousand tons over last year.

Among them, 6 million 500 thousand tons of consumption comes from domestic cotton.

Domestic cotton prices are now up to 14600 yuan.

There is already a sign of stabilization, but this price is higher than the real price of the market.

At present, domestic cotton prices may drop steadily to less than 14000 yuan per ton, between 13000-14000 yuan per ton, the market will have a strong support.

But it is unlikely to fall below 13000 yuan per ton.