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    Please Note That The Cotton Companies Started To Round Out For 3 Months, Totaling 50 Tons.

    2020/7/2 9:31:00 115

    Reserve Cotton OutMinistry Of Finance

    Be caught off guard!


    Yesterday, the cotton store started to go out. Last night, the Ministry of Finance and the Ministry of finance of the State Grain and material reserve issued People's Republic of China. Two thousand and twenty Year end One Announcement No. "announcement on preparations for the sale of Central Cotton Reserves". (see the end of the text)


    The announcement said that the central reserve cotton structure should be optimized to ensure good quality and enhance the ability of central reserve regulation and control. Two thousand and twenty Some central cotton reserves will be rotated in 2000. Seven month One The day begins.



    Reporters understand that the current central reserve cotton rotation time is Two thousand and twenty year Seven month One Solstice Nine month Thirty National statutory working days between dates. Total arrangement Fifty About 10000 tons. Put in a balanced way and sell in principle every weekday. Zero point eight About 10000 tons. The bottom price of listed selling is determined dynamically according to market conditions. It is linked to the spot price of cotton both at home and abroad in principle, and the cotton spot price index in the domestic market and the spot price index in the international market are all pressed. 50% The weight is calculated and adjusted weekly.


    Yesterday, the first week (7 month One day -7 month Three day ) The bottom price of the sale is Eleven thousand eight hundred and thirty-seven element / ton ( Fold standard level 3128B) 。


    During the turn out, the spot price index of cotton in the domestic market is lower than that in the domestic market. Eleven thousand and five hundred element / At the end of the next working day, the cotton spot price index in the domestic market exceeded three consecutive working days. Eleven thousand and five hundred element / We will restart the transaction on the next working day.


    Central reserve cotton will be sold through open auction in the national cotton trading market.


    The reserve cotton produced by rotation is organized by the China fiber quality monitoring center to conduct a comprehensive notarization test on the quality and weight. In addition, according to the actual situation of the central cotton reserves and the supply and demand of the cotton market, the relevant departments of the state have arranged for the rotation. In the process of rotation of the central cotton reserves, if the domestic and foreign cotton market has undergone major changes, according to the needs of market regulation and control, the State Grain and material reserve bureau will make necessary adjustments with the national development and Reform Commission and the Ministry of Finance on the rotation arrangement.


    Recently, the news of whether or not the cotton is delivered has always been the focus of attention in the cotton market. Terminal demand is weak, textile market orders are still scarce, cotton yarn is not fast enough, sales of gray fabrics are even greater, inventory continues to rise, the basic market of lint is weak, cotton price has no basis for rising, and the news of stored cotton is confirmed, but it is widely assumed that the quality of cotton will be worse. The influence of flowers is limited.


    As a special presence in China's cotton market, the rotation of reserve cotton plays a key role in balancing supply and demand in cotton market. Since the launch of the reserve cotton mill, a total of sales of cotton reserves have been accumulated. One hundred and sixteen point two 10000 tons, of which Xinjiang cotton is listed. Fifty-seven 10000 tons, real estate cotton listing Fifty-nine point two Ten thousand tons, of which: Two thousand and eleven Annual reserve cotton list One point six Ten thousand tons; Two thousand and twelve Annual reserve cotton list Forty-five point two Ten thousand tons; Two thousand and nineteen Annual reserve cotton list Sixty-nine point four Ten thousand tons.


    Two thousand and nineteen The central reserve cotton wheel was issued in 2003. Five month Five Daily listing transactions to Nine month Thirty Day ends, duration Five Months. Two thousand and nineteen Average price of Central Cotton Reserves in Twelve thousand six hundred and thirty-three element / Ton, broken standard grade (3128B) Price Thirteen thousand nine hundred and two element / Ton, the highest price. Fifteen thousand nine hundred and thirty element / Ton, the lowest price. Ten thousand seven hundred and fifty element / Tons. Among them, Xinjiang cotton average price. Twelve thousand seven hundred and ninety-four element / Ton, average fare increase Seven hundred and seven element / Ton; average price of real estate cotton. Twelve thousand four hundred and forty-four element / Ton, average fare increase Four hundred and twenty-five element / Tons.


    Two thousand and nineteen In the year 2000, the central reserve cotton company continued to adopt the pricing method of going along with the market. During the turn out, the difference between domestic and foreign cotton prices has been greatly reduced, effectively reducing the cost of cotton production by textile enterprises. The price advantage of domestic cotton yarn is obvious, the import of foreign yarn has decreased, and the competitiveness of domestic yarn has been greatly improved.


    Two thousand and twenty How about the effect of the annual cotton reserves?





    State Bureau of grain and materials reserve
    Ministry of Finance of the People's Republic of China
    Notice (No. first 2020)

    06, 30 2020


    In order to optimize the structure of central reserve cotton, ensure good quality and enhance the central reserve control capacity, some central cotton reserves will be rotated in 2020. The relevant matters are hereby announced as follows:

    1. Round out arrangement

    (1) time. National statutory working days from July 1, 2020 to September 30, 2020.

    (two) quantity. The total arrangement is about 500 thousand tons. We should put in a balanced operation and sell about 8 thousand tons per working day in principle.

    (three) price. The bottom price of listed selling is determined dynamically according to the market conditions. It is linked to the spot price of cotton at home and abroad in principle. The cotton spot price index in the domestic market and the spot price index in the international market are determined by 50% weight, adjusted once a week. When the cotton spot price index in the domestic market is below 11500 yuan / ton during the turn out, the transaction will be suspended from the next working day. When the cotton spot price index in the domestic market exceeds three yuan per ton for three consecutive working days, the transaction will resume on the next working day. (the specific formula is attached)

    (four) way. Through the national cotton trading market open auction sale.

    (five) notarization inspection. The reserve cotton produced by rotation is organized by the China fiber quality monitoring center to conduct a comprehensive notarization test on the quality and weight.

    Two. Round up arrangements

    According to the actual output of the cotton reserves and the supply and demand of the cotton market, the relevant departments of the state will arrange the rotation to make arrangements, and the specific arrangements will be announced as soon as possible.

    Three. Related provisions

    (1) in order to do a good job in the rotation of central cotton reserves, the China Grain Reserve Management Group, the national cotton trading market and the China fiber quality monitoring center will formulate detailed rules for the implementation of reserve cotton production and warehousing, bidding transactions, notarization and other aspects, and will be announced through their respective official website and the national cotton trading market website (www.cnce.cn).

    (two) during the rotation process of the central cotton reserve, if the domestic and foreign cotton market has undergone major changes, according to the needs of market regulation, the State Grain and material reserve bureau will make necessary adjustments with the national development and Reform Commission and the Ministry of Finance on the rotation arrangement, and will announce it in a separate way.

    Notice hereby.

    Enclosure: Formula for calculating reserve price of central reserve cotton

    State Grain and material reserve bureau, Ministry of Finance

    June 30, 2020


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