2019 Central Reserve Cotton Rotation Started Yesterday.

In order to optimize the structure of central reserve cotton and improve the quality of reserves, the relevant state departments decided to purchase the central reserve cotton through the national cotton trading market (hereinafter referred to as the "trading market") from December 2, 2019.

The total volume of this round is 500 thousand tons, and the daily sale is about 7000 tons. The maximum price of the bid price (to the library price) is determined dynamically according to the market conditions, and it is linked to the domestic cotton spot price in principle, and a certain proportion is adjusted to a weekly adjustment. During the rotation period, when the price difference between inside and outside cotton is worse than 3 yuan per day for 800 consecutive days, the transaction will be suspended. When the difference between the inside and outside cotton price drops to 800 yuan / ton, the transaction will be restarted. The trading market and the China grain storage group jointly announce the maximum price and the difference between inside and outside cotton prices.

This round of reserve cotton has been produced and processed in 2019/2020, and has been included in the sawtooth cotton with professional supervision of Xinjiang cotton. It requires that each batch of white cotton grade 1, 2, 3, grade 28mm and above, micron value level B and above, with medium and above breakage.

The sellers involved in this reserve cotton rotation are all cotton enterprises registered by the national market supervision department, and they are traders in the trading market.

In order to ensure timely and smooth rotation, the State Grain and materials reserve bureau and the Ministry of Finance coordinate the trading market, China reserve grain management group Co., Ltd. and China fiber quality monitoring center and other units to make full preparations for the rotation. As an important part of the organization of the cotton mill's entry into the organization, the trading market has done a solid job in the work of the transaction organization: first, set up a special working group to carry out the implementation of the external coordination and the implementation of the internal links; the whole transaction organization and contract witness process are well organized and smoothly connected; two, make preparations for the transaction system test and so on, and open the reserve cotton wheel trading simulation system in advance for dealers to simulate transactions to ensure that dealers are familiar with the relevant operations; three, to open the "new year cotton round entry column of 2019" in the official website and the China cotton information network, provide free transaction real-time quotes, and enter the relevant information inquiry service; four, provide comprehensive services for the dealers to provide pledge financing, logistics distribution, dispute handling and other comprehensive services, and so on. The three is to make sure that dealers are familiar with the relevant operation. Through the above measures, the central cotton reserve wheel will be smoothly operated.