What Is The Pattern Of Cotton Market Announced By The Dumping And Storage Policy?

In recent years, the policy of throwing and storing cotton has not yet released clear information and rules, resulting in the market falling below 10000.

Although the news about cotton throwing and storing policy came out one after another, the turnover in the upper and lower reaches of the market was very cautious.

Before landing, the market will remain low and narrow.

This year

Inventory digestion is slow, mainly due to the downward trend of cotton price center and the cautious attitude of the market to the reserve.

Before the policy of dumping and storage was put into effect, the purchase of cotton by downstream enterprises was carried out with the purchase method, which was not conducive to the sale of cotton by the processing plant.

Since January, domestic cotton prices have been declining continuously, and domestic cotton prices have been significantly lower than imported cotton. With the decline in domestic cotton cost, the advantage of imported cotton yarn has declined. The price of representative foreign C32S cotton yarn has been higher than that of domestic C32S cotton yarn, making cotton yarn imports decline in recent months.

Although the decline in cotton prices has led to market competition.

Lack of confidence, but also for the downstream textile enterprises to make room for profit, conducive to the downstream industry sector recovery.

As of March 5th, the total volume of processing in Xinjiang was 3 million 500 thousand tons, and the storage volume of specialized warehouses was 3 million 330 thousand tons, which increased by 10 thousand tons compared with last month. Therefore, the total volume of new cotton is estimated to remain unchanged at 3 million 610 thousand tons, and the total cotton output in the whole country is 4 million 750 thousand tons.

On the import side, due to the imminent urgency of the subsequent reserve cotton production and the further narrowing of the domestic and foreign cotton prices, the estimated import volume will remain low, estimated at 1 million 100 thousand tons.

By the end of February, cotton stocks in Xinjiang were 1 million 330 thousand tons, a decrease of 240 thousand tons from the previous month.

Among them, 1 million 253 thousand and 500 tons (including 23 thousand and 300 tons of Chen cotton) are the turnover stocks of commodity cotton and 36 thousand tons on the way.

The scattered cotton is 40 thousand and 500 tons.

Data show that in February, 120 thousand tons of imported cotton yarn decreased by 28.2%, down 6.56% from the same period last year.

Over the past 16 years, 280 thousand tons of imported cotton yarn have been imported, representing a decrease of 18.9% over the same period.

In the future, more low price cotton will be circulated to the market, and more domestic demand is expected to be met by domestic cotton in the future.

In the case of better prospects for downstream industries, the market is waiting for the state to throw aside reserve policy. The current low cotton price will also help to enhance the demand for cotton in the future downstream textile enterprises, which is beneficial to the digestion of state reserve stocks.

In the same period, the mainland's stock was 640 thousand tons, down 20 thousand tons from the previous month, a decrease of 3%.

Among them, the turnover of commodity cotton is 455 thousand and 600 tons, including 4 thousand and 500 tons of real estate cotton, 67 thousand and 400 tons of imported cotton and 383 thousand and 700 tons of Xinjiang cotton pported to the mainland, and the remaining 184 thousand and 400 tons are processed products and social stocks.

A small amount of cotton in the bonded area has not been cleared yet, totaling 116 thousand tons, with an increase of 6 thousand tons.

At the recent Cotton Conference, there are some details about the details of throwing and storing.

For all concerned, the issue of dumping prices is basically consistent with previous rumors. The weighted adjustment of cotton spot price index at home and abroad as a benchmark means that the price of throwing and storing will fluctuate.

On the other hand, it is about the quality of throwing and storing cotton.

In the early stage of dumping, the imported cotton will be the main market to meet the market demand for higher cotton, which is about 300 thousand tons and will continue to be stored for 1 months, or around June.

Affected by the above expectations, the downstream textile enterprises involved in the purchase and sale of cotton are less and more cautious. They lack the willingness to enter the market, and adopt the strategy of "buying and using with the purchase" to suppress the recent spot market journey.