The First Week Of The Cotton Boom Came To A Successful Start.

In June 30th, the State Grain and material reserve bureau and the Ministry of Finance officially announced the announcement. The policy of reserve cotton rotation has finally landed. The total output of reserve cotton is about 500 thousand tons. In principle, it has been put into operation on average, selling around 8 thousand tons per working day. It is worth mentioning that this reserve cotton wheel begins to implement the "fusing" mechanism: when the domestic cotton spot price index is below 11500 yuan / ton, the trading will be suspended from the next working day. There are different views on the reserve cotton production: some enterprises believe that this will help reduce the price of cotton, increase the price competitiveness of products in the global market, and also have a certain supporting role for the market. Some enterprises believe that the market has already entered the off-season. At this point, the dumping of raw materials may further reduce the price of raw materials. Generally speaking, the throwing and storing is attractive to the enterprises with low count yarn, and the enterprises will decide whether to participate in the shooting and storage according to the production and operation conditions.

In July 1st, the 2020 cotton mill was launched on schedule, and the first week was launched. In the first week, the selling price was 11837 yuan / ton (discount standard level 3128B), the average price was 11303 yuan / ton, the total turnover was 24 thousand and 100 tons, and the turnover rate reached 100%. There were two main reasons for the first round of hot business in the first week. First, the current production of textile enterprises is mainly based on conventional varieties, and the demand for low grade cotton is relatively large. The demand of national cotton and cotton matching textile enterprises for such cotton is high and the cost performance is relatively high. Two, from the analysis of the current situation, it is expected that domestic and foreign textile and clothing consumption needs are still in a demotion channel for a period of time, and spinning enterprises choose to purchase reserves for controlling the cost of raw materials. Cotton.

According to the announcement of the Ministry of Finance and the Ministry of finance of the People's Republic of China Ministry of Finance and the Ministry of Finance (2020 No. first), the formula for calculating the selling base price of the central cotton reserve has been sold for second weeks (July 6th -7 10), and the selling base price is 11895 yuan / ton (the standard level 3128B), up 58 yuan / ton compared with the previous week.