What Is The Impact Of The Rotation And Rotation Of Cotton Reserves On Cotton Enterprises?

In June 30th, the national development and Reform Commission's Policy Research Office was published. The relevant departments will turn out some cotton reserves in 7-8 months. It is pointed out that in 7 and August, the reserve cotton will be arranged in the form of open bidding, and the rotation will be arranged according to the actual transaction situation and the market operation in the late stage. When the new cotton concentrates are listed, the number of rounds will not exceed 40% of the total number of rounds, and the price will follow the market.

It is estimated that the number of rounds should not exceed 400 thousand tons. If the actual turnover is not satisfactory, it will directly affect the number of incoming rounds. Through interviews with Xinjiang, Shandong, Hubei, Anhui and several other cotton enterprises, this round of round out and round membership meetings cotton What kind of impact has it made?

　　 Question 1: what is the current sale situation of lint? What is the price?

As of June 26th, most cotton regulatory warehouses in the territory still had a certain amount of lint waiting for sale or sale. The inventory of cotton enterprises in the southern Xinjiang was significantly larger than that in the northern Xinjiang, and the inventory of machine picked cotton was significantly higher than that of hand picked cotton. Xinjiang Cotton enterprises recently intended to speed up sales progress, but the number and price of the transaction declined compared with 4 and May.

Most of the 400 types of enterprises in the mainland say that except for a few good quality lint or warehouse receipt cotton, the processed lint is basically sold in all hands. Very few enterprises reflect that the purchase of seed cotton is still in the near future. The daily purchasing amount is about 10 thousand jin, the average price of the purchase is 3 yuan / Jin, and the processed low-grade cotton is mainly sold to the small cotton mills around the market, and the sales are smooth. Beginning in the early June, real estate cotton prices began to rise slightly.

　　 Question two: what is the impact of the current round of reserve cotton outgoing operations on cotton enterprises?

According to cotton prices, most of the past worry is that the outlet price is too low, which affects spot sales. This reserve cotton storehouse really did not suppress the market, throwing the price higher than the spot market price, and the spot sale of cotton enterprises was sold out, so the impact on sales was relatively small, and the remaining high-quality lint price might still have room to rise.

In addition, the time of the current round of reserve cotton production is 7 and August, which is approaching the time of new cotton listing. Therefore, the price of throwing and storing will affect the pricing of new cotton purchase and seed cotton in the second half of the year. According to the bidding price of the standard class, the domestic cotton is 13200 yuan / ton in 2011, and the domestic cotton is 14200 yuan / ton in 2012. According to the cotton seed 1 yuan / Jin, the lint 38% and the processing cost 1000 yuan / ton, the seed cotton purchase price is 2.87-3.05 yuan / Jin. However, many cotton enterprises believe that the price of Xinjiang's new cotton may not be too low, especially picking cotton by hand. The machine picked cotton also depends on the future market and processing quality, and there are variables in price.

　　 Question three: are cotton enterprises willing to participate in the auction of cotton reserves?

Cotton enterprises generally expressed their willingness to participate in the auction of cotton reserves. At present, there are not many resources in the hands of enterprises, and there are still 2 months to go from the new cotton listing. Some enterprises are starting to sell cotton lint to local stores in the field, and throwing them to enterprises brings new opportunities. If cotton enterprises can participate in the auction, they can compete with more middlemen for better quality cotton, and then distribute in small quantities, so that they can not only avoid cotton racket, but also reduce the number of cotton pads. Spin Enterprise risk, and cotton enterprises only need to account for the profit margins of domestic cotton and extra cotton sales, so cotton enterprises express very much hope to participate in the auction of cotton reserves.