Cotton Has Always Been "Excited" Since Its Opening.

Cotton has rarely plummeted, with huge overcast and powerful people shaking.

Intraday trading down, close down nearly 4.53%, outflow of funds amounted to 130 million.

There are four difficult problems in the storage of cotton wheels.

Cotton has always been "excited" since the state opened its cotton store.

Zheng cotton 1701 contract has risen more than 60% this year, and the spot price of global cotton is rising.

As for why there is a rare slump in cotton on Thursday, Liu Qiannan, an analyst with Galaxy futures, said that the specific reason is not yet clear. But today the NDRC held a meeting on cotton throwing and storing, and the market rumor will extend the time of throwing cotton reserves, so prices will fall sharply.

Previously, due to cotton

The shortage of cotton resources is becoming more and more serious. 34 cotton textile enterprises in Henan province are jointly affiliated to the relevant state departments.

Recently, nearly 150 cotton textile enterprises in Hubei, Hunan, Shandong, Hebei, Zhejiang, Fujian, jiangsuo, Suzhou, Guangdong and other places reflected the problems in the cotton textile industry association in the form of telephone and joint presentation. We hope to make suggestions on this issue and make the cotton problem of cotton textile enterprises and enterprises solve as soon as possible so as to ensure the normal production of cotton textile enterprises.

In this regard, the China Cotton Textile Industry Association organized a forum on cotton textile enterprises in Beijing in July 21st to discuss the issue of cotton reserves put forward by enterprises.

Relevant leaders of the Ministry of Commerce, Ministry of industry and commerce, the national cotton trading market, China Fiber Inspection Bureau, China Cotton Association, China Textile Industry Federation, and more than 70 companies.

Nearly a hundred people attended the meeting.

The symposium reflected mainly in four aspects: the amount of cotton reserves is low, the warehouse is difficult, the margin is slow down, and the high-grade cotton gap is large.

Among them, the urgent need for textile enterprises is to solve the problem of less current cotton reserves.

The announcement of the development and Reform Commission and the Ministry of Finance on reserve cotton pointed out that if the market prices of domestic and foreign markets increased significantly during a certain period of time, the auction rate of cotton reserves sold more than three days or more than 70% a week, and the number of sales will be increased appropriately.

The actual situation is that since May 3rd, the cotton reserves have been put into operation.

The turnover volume is more than 70% every day, but the state has not increased the amount of delivery accordingly, and the daily turnover is still around 25 thousand tons.

At present, the market situation of cotton raw materials has not improved, and the panic of cotton textile enterprises is increasing day by day. More textile enterprises are ready to stop production and leave, and increasing the amount of reserve cotton has become the most urgent demand of textile enterprises at present.

It can be seen that the throwing and storing problem of national cotton reserves has become an important factor affecting cotton trend.

Ren Xinpu, deputy director of Yongan Futures Research Institute, believes that the unexpected drop in cotton futures today is the result of the combined effects of regulatory measures, policy changes, capital turn, short-term supply and demand structure changes and market expectations.

The so-called "shun the public opinion, listen to the voice, exert efforts to save enterprises; prolong the period of throwing, do practical things, help hands".

Market outlook, cotton short-term steering, explore the line, space discretion.