The Policy Of Dumping And Storage Is More Obvious.

The time has come to the end of June, and the footsteps have been gradually approaching.

At present, the dumping notice has not yet been issued, and the specific content is not known.

However, by comparing with the background of throwing storage in 2013, we found that the background of stock going is more obvious.

In the 2011-2013 year, the state implemented a three year policy of temporary collection and storage, and the market circulation.

Limited resources, spinning enterprises can only purchase government throwing cotton.

In 2015, the implementation of new cotton target price policy has been over a year. According to the national cotton market monitoring system statistics, the national cotton production is estimated to be 6 million 621 thousand tons (forecast data in March). As of the end of June, the national cotton sales progress is 78.4%. Based on this, it is estimated that there are more than 140 tons of cotton in China, which can basically meet domestic demand.

Two months' demand for cotton.

It can be seen that the purpose of this inventory is more intense, and the relevant government officials also expressed the view that the current reserve cotton inventory is too high, so we need to study and arrange the future cotton storage digest work.

However, can the government's wishful thinking scale of digestion be fulfilled?

It is understood that in the first 4 months of 2015, China imported 806 thousand and 100 tons of cotton yarn, an increase of 16.11% over the same period last year.

If the growth rate is calculated, China's total imports will be increased in 2015.

It will reach 2 million 300 thousand tons, an increase of 300 thousand tons over 2014.

Imported cotton yarn can be seen as aggressive.

If this situation continues to maintain in 7-8 months, it may have a certain impact on the volume of dumping and storage.

In recent years, cotton yarn trade has leaped over development, diversified ways of cooperation, and gradually improved procurement channels. Especially in 2015, when the number of imported cotton was limited, many cotton traders began to develop imported yarn trade, and there were more and more channels for purchase and sale.

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The spinning technology of Pakistan and Vietnam has improved steadily and the yarn varieties that can be produced are more abundant. The quantity of imported cotton yarn will definitely increase.

Relative to imported cotton, imported cotton yarns are not subject to quota restrictions, and import tariffs are also low. Among them, India and Pakistan cotton yarn has a certificate of origin only 3.5% of customs duty, and Vietnam, Indonesia and other Southeast Asian countries are zero tariff.

Besides, cotton yarn imports are simpler and more convenient than cotton.

In addition, the market has heard rumors that the Chinese government has lowered or even reduced the import tariff of India cotton yarn.

Imported cotton yarn will have a great impact on China's cotton spinning industry in the future.

In 2015, the relevant departments of the state clearly stated that in principle, 894 thousand tons of import duties were added to the tariff and no additional import quotas were issued. Due to the limited number of quotas, cotton in India and Pakistan could hardly enter the eyes of Chinese buyers.

If the reserve cotton grade is low and the turnover is insufficient, the impact on the imported medium and low count yarn will be very limited, and the supply of high-quality cotton reserves will not meet the demand, and it will not change the import status of the medium and high count yarn at present.

At present, imported cotton yarn is becoming more and more irresistible.

India cotton yarn exporters say that China's policy of dumping and storage will not have a significant effect on the price of printed yarns, and the price of printed yarns will remain basically stable.

In the face of the impact of imported yarn, can the volume of dumping and storage be expected? Let's wait and see.