The Import Price Of Cotton Has Subsided And The Marketization Of Cotton Industry Is Obvious.

Recently, the market expectations of the national cotton spinning and landing rules.

"Notice on arrangements for rotation of cotton reserves in the state" clearly stated that the dumping time in 2015/16 was 31 days on May 3rd -8, and the total output was not more than 2 million tons. The reserve cotton was organized by the China Fiber Inspection Bureau to conduct a comprehensive notarization test on quality and weight.

"About the state

The announcement of rotation was already known by the market in mid March cotton futures annual meeting. The announcement of the policy is only a confirmation of the speculation in the previous market. The short supply of cotton reserves has basically been digested by the market.

In the long run, inventory pressure has been alleviated and has a neutral preference for prices.

Liu Yi, manager of MEIKO futures research department, said in an interview with reporters.

Liu Yi said that from the futures market, cotton futures now have a strong momentum of growth, in addition to the promotion of funds, the downstream textile enterprises active replenishment of the price has also been promoted.

The two principles of "multiple rounds, fewer rounds" and "priority of cotton production out of the national reserve and long storage time" are also fully in line with the expectations of the market participants.

Some foreign businesses are "stable, accurate, and ruthless" to describe this national cotton store, especially in the round.

With the CotlookA (in fact, ICE futures) index "bundled" and adjusted once a week, it truly realizes the linkage, linkage and integration of cotton prices inside and outside the country, which is conducive to maintaining the stability of cotton prices, improving the competitiveness of cotton textile exports and the "marketization" of China's cotton industry.

According to statistics of China Customs General Administration, in March 2016, China

57 thousand and 900 tons, an increase of 1 thousand and 700 tons, an increase of 2.97%, a decrease of 70 thousand tons compared with the same period, a decrease of 54.73%.

In September 2015 -2016 March, China imported 575 thousand and 400 tons of cotton, a decrease of 434 thousand and 200 tons compared with that of the previous year, a decrease of 43.01%.

In 1-3 months of 2016, China imported 209 thousand and 700 tons of cotton, a decrease of 238 thousand and 500 tons compared with that of the previous year, a decrease of 53.21%.

"Domestic prices are falling, and the price advantage of imported cotton is also fading.

In terms of yarn, imported yarn has little profit except for combed yarn. The price of other cotton yarn has been upside down, and the price of chemical fiber is also rising.

In this way, the competitiveness of domestic cotton is enhanced and the supply pattern is changing, so we can watch more cotton. "

Liu Yi analyzed reporters.

"According to the policy announced by the state, the pricing method of the National Reserve has been determined. The average value of the CotlookA (real ICE futures) index and the domestic spot price index in the previous week were 50%, adjusted once a week.

The rotation time of 2015/16 is May 3rd, so the price of the round off refers to the price at home and abroad on April 25th -29, which is not yet available.

Liu Yi said in an interview with reporters.

Regarding the calculation method of throwing and storing prices, Yang Zhijiang, general manager of Shanghai Century Boulevard, merchants futures, said that for investors, they should try not to do more than the calculation of throwing and reserve prices.

According to the current domestic and foreign spot price situation, the domestic competitiveness will reach 12200 yuan / ton, and the competitive advantage will be gradually lost. The static judgement of 12200 yuan may be pressure.