The Market Is Still Uncertain.
Although the market has become a bad performance, some people hold a positive view. As everyone knows, because of the high price, the sales progress of Xinjiang regiment cotton is far lower than that of the local market.
In this game, the Corps that has important discourse power in the cotton market does not want to become a victim of throwing away reserves, and will strive to win its own rights and interests.
At the 2015 China International Cotton Conference held last Thursday, Yin Jian, deputy director of the national development and Reform Commission's economic and trade department, made a huge shock in the cotton futures market. The CF1509 contract plummeted more than 200 points, and the futures market was in an uproar.
At least now it seems that the cotton futures market is a bad performance. Is it really bad to throw it away?
It is understood that at that time
Yin Jian
At the meeting, they said: "the development of China's textile industry has improved recently, but the cotton market is still still in the doldrums. Considering this situation, this year's cotton reserves will also be active and steady, and will be carried out in an orderly manner before the new cotton is listed on the premise of not suppressing market prices and keeping the market running smoothly."
Why not?
Suppress the market
The word "going along with the market and orderly development" has become a booster of bad luck.
At present, judging from the futures market performance,
Bad profit
The main reasons are:
1, the dumping will inevitably lead to an increase in the supply of cotton in the market, while the downstream textile enterprises will enter the off-season production and the demand will be reduced.
Zhu Beina, President of China Cotton Textile Industry Association, said: "the cotton textile industry has improved compared with the same period last year, but the cotton textile industry's overall index has not reached 50 overall."
This shows that China's cotton textile industry is still not completely out of the mire.
2. Influence of imported cotton yarn.
On May 14th, when Xi Jinping met with India's prime minister Modi in Xi'an, he declared that the reduction and exemption of tariffs on imports of goods from India will be the general trend. Enjoying the same treatment with ASEAN countries (Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma and Kampuchea) will be a necessary condition for the smooth development of "one belt and one road".
As an important power on the "one belt and one road", India is one of the largest cotton producers in the world and one of the largest exporters of cotton yarn in the world. The introduction of tariff relief policy will have a significant impact on the cotton industry in the country.
According to an industry source, the two advantages of tariff reduction and quota free import of cotton yarn will promote the breakthroughs in the import volume of China's India Pakistan yarn, which will have a great impact on domestic textile enterprises.
Zhu Beina said: "tariff free will definitely have an impact on the domestic cotton textile industry. First, it will have an impact on cotton consumption, and second will have an impact on spinning enterprises".
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