Reserve Cotton Is Welcomed By Textile Companies And Even Appears To Be Panic Buying.

According to statistics, as of May 19th, the cumulative turnover of cotton reserves totaled 379 thousand and 700 tons.

Among them, the total volume of imported cotton was 231 thousand and 800 tons, with a turnover rate of 100%, and the total turnover of domestic cotton was 147 thousand and 900 tons, with a turnover rate of 98.42%.

Since the beginning of May 3rd, the volume of cotton reserves has remained high.

The heat of the topic is also heating up.

At the 2016 Cotton Industry Development Summit held recently in Wuhan, the topic of "cotton rotation" has been mentioned many times.

China's cotton reserve management company is an important part of the cotton rotation. Yao Mingye, general manager of the company, said that in recent years, global cotton stocks were high, demand continued to be weak, and cotton prices generally oscillated downward. From the perspective of national policy guidance and the supply and demand of cotton industry, the cotton industry "going stockpiles" is an urgent task.

He said, it is gratifying that after several years of market adjustment, industry reshuffle and enterprise innovation and pformation, cotton industry has seen a new turn.

The formulation of the national cotton reserve policy has given full consideration to the current predicament and the future development direction of the cotton industry. The formulation of the price has opened the linkage channel of the domestic and international cotton prices, which has led the domestic cotton price to be in line with the international cotton price and reduced the cotton price difference at home and abroad.

Reserve cotton wheel normalization to reduce the concentrated impact of the market, and the improvement of the rotation policy has also made the spinning enterprises more popular with the reserve cotton. The current situation of the hot cotton turnover is the best proof.

However, with the advance of the rotation work, the details of the cotton packing process have been exposed gradually, especially the issue of the storage of cotton reserves has once again become the focus of textile enterprises' "Tucao".

So, is the cotton textile enterprise satisfied with this year's reserve cotton production? What aspects need to be improved?

Enterprises pay close attention to active purchase

Compared with last year, this year's cotton reserves were welcomed by the spin off companies, or even "rush to buy".

In the week of ~13 May 9th, the total amount of cotton reserves was 151 thousand and 100 tons, with a total turnover of 149 thousand and 800 tons. Among them, the textile enterprises were bidding for 97 thousand and 700 tons, and the non-woven enterprises were bidding for 52 thousand and 100 tons, with an average paction price of 12280 yuan / ton.

Imported cotton market 95 thousand and 400 tons, to achieve 100% turnover rate, the average price of the paction was 12560 yuan / ton, 3128 fold the price of 13832 yuan / ton, when the import cotton (Australia cotton) highest increase 3700 yuan / ton, in 2013 the highest cotton price increase 2660 yuan / ton.

At present, the reserve cotton has become the main purchasing channel of textile enterprises, and has little interest in cotton spot.

Huang Xinfeng, chairman of Hubei Jinan Textile Co., Ltd. said that after the storage of cotton wheels, the number of raw materials purchased by the company increased.

Cotton reserves include imported cotton, Xinjiang cotton and real estate cotton.

The quality can meet the production needs of the enterprise.

Therefore, since the cotton mill came out, enterprises have paid close attention to it. Employees who are responsible for raw material procurement even stay in front of the computer all day. They always pay attention to the status of the cotton reserves and purchase cotton that meets the needs of the enterprises.

Because of the countdown system for the auction of cotton reserves, that is to say, when all the buyers involved in the paction do not propose any new quotations for the cotton reserves of all batches of the same day in a certain trading day, the auction ends at the end of the trading session and automatically deals, so enterprises need to pay close attention to it.

Wang Weixia, general manager of Jihua 3542 Textile Co., Ltd., also said that enterprises have been paying attention to cotton reserves. At present, they have been bidding for more than ten million tons. Although the number is not large, enterprises are always concerned about the bidding situation of cotton reserves.

Poor shipping is still the main problem.

At present, although spinning enterprises actively buy cotton reserves, but they can not buy Cotton in time.

During the 2016 Cotton Industry Development Summit Forum, the head of a cotton textile enterprise complained to the reporter: "in the second day (May 4th) of the reserve cotton wheel, the enterprises bid for 40 thousand tons of cotton reserves. As a result, by May 13th, we haven't got the warehouse slip list, plus the time of public inspection, picking up and pportation, so that the enterprises can really get the cotton reserve for auction. It may take nearly half a month to get the fastest."

According to the "national cotton reserve rotation paction method" formulated in the national cotton trading market, the purchase of cotton reserves shall be signed within 3 working days after the completion of the 2015/2016 paction.

"In the 5 working days after the paction, the paction will be remitted to the" reserve cotton settlement account "of the China general store company.

In order to simplify the operation procedures, the buyer completes the formalities of buyer's purchase and sale contract by adding the electronic seal on the "state reserve cotton purchase and sale contract" provided in the trading market.

Then, the buyer shall remit the money in accordance with the contract value. The cotton storage company will issue the reserve cotton export list to the buyer within 2 working days after receipt of the buyer's payment.

In the round out method, it is also clearly stipulated that except for the force majeure factors, the buyer shall complete the goods collection within 10 working days (including) on the date of the relevant batch of "cotton reserve depot", and the storehouse shall timely handle the matters relating to the storehouse, and shall not refuse, delay or obstruct without reason.

China storage Cotton Corporation should respond in time

Prior to the reserve cotton production, "outgoing warehousing" was once a prominent problem in the textile industry. There was a phenomenon of unauthorized charging for the storage of cotton reserves. But this year, I did not expect that the spinning enterprises were stuck in the process of picking up the bill of lading.

Yang Zhaoliang, deputy inspector of the cotton and hemp Bureau of the China national supply and Marketing Cooperative Bureau and Deputy Secretary General of the China Cotton Association, said that the rules for the warehousing and warehousing of the reserve cotton had undergone great changes. The tight schedule, heavy task and great difficulty should be unprecedented since the cotton inspection system reform.

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Related people said that the high volume of cotton reserves exceeded the normal operational capacity of the cotton reserves, which is an important reason for slowing down the purchase process.

In addition, the turnover rate of imported cotton 100% has also increased the pressure on the import of cotton.

In response, the China cotton reserve management corporation responded positively, and issued a notice on solving the problem of centralized collection of imported cotton and regulating the charging behavior of storage and storehouses in May 18th.

It is clear in the announcement that the import of cotton in the near future is beyond the normal operation capacity of the storage reservoir.

The company reflected the slow delivery, and the central storage Cotton Company attached great importance to it. It coordinated with the social storage repository many times, and sent people to supervise the scene. It demanded that the society take the storage to speed up the progress of the storage, and could not delay the export of the warehouse as a reason. If necessary, the equipment should be pferred from the direct units to support the social storage.

Due to the purchase of imported cotton enterprises waiting for a longer time to take delivery, the joint meeting agreed that the cotton purchasing enterprises are allowed to apply voluntarily, and the Central Cotton Storage Company will return them after verification.

In the past, the central storage and storage company has clearly stipulated that the charging standards should be strictly enforced, and no charges should be imposed on the buildings and vehicles.

The central storage cotton company has resolutely investigated and prosecuted the illegal charging and "eat, take, card, and demand" behavior in the process of outgoing storage, and investigated the legal liability of violators and included in the "blacklist".

Constantly improving cotton reserve mechanism

Although there is still some imperfections in the reserve cotton production process, the attitude of the reserve cotton management company to deal with the issue of reserve cotton is worthy of praise.

This year is the third year of cotton target price subsidy pilot in China. The mechanism that the market plays a decisive role in the allocation of cotton resources has been supported by all aspects of the cotton industry chain, and the policy of round out of cotton reserves has also been improving and the details are improving continuously.

Overall, the development of China's cotton industry is improving.

In the 2016 Cotton Industry Development Summit Forum, Yao Mingye, general manager of China Cotton Storage Management Corporation, said that the healthy development of the cotton industry is inseparable from the cotton reserve mechanism. In the future, China's cotton reserve mechanism will play a more important role in the domestic cotton market.

In the textile industry chain, cotton reserve is a link between the preceding and the following. It can not only protect the interests of cotton farmers and stimulate the enthusiasm of planting, but also play a regulatory role in China's cotton market, and prevent the cotton price from fluctuating greatly and bring adverse effects to the cotton industry.

Therefore, the cotton reserve regulation mechanism will continue in a certain period of time, but in the future, the direction of the cotton system reform should be more prominent in the precision and timeliness of regulation.

Usually, cotton will naturally decrease after storing for 3 years or so.

In this regard, Yao Mingye said that China Cotton Storage General Corporation will establish a more cotton market management mechanism to adapt to the market economy and rotate cotton reserves in a certain proportion.

In accordance with the principle of same quality and quantity, we should make full use of two international and domestic markets, sell Chen cotton to buy new cotton, rotate prices and market prices, avoid the quality loss caused by the reduction of cotton reserves, and further optimize the stock structure of cotton reserves to meet the market demand for high-quality cotton.

In addition, Yao Mingye said that the cotton reserve policy played a "reservoir" role in regulating market supply and demand. However, administrative measures are still in use and lack of legal norms.

Next, the China central storage and cotton general company will suggest that the relevant departments of the state accelerate the legislation of reserve cotton, study and formulate the regulations on the management of central cotton reserves, so that the work of reserve control can be followed and followed by rules, so as to realize the legalization, standardization and scientification of the regulation of reserves, and to establish a more complete mechanism for the cotton market.