Stop Sale After New Cotton Starts In September

Rumors about the cotton throwing and storage scheme have been bubbling up for a long time, and the number of final rounds issued by the national development and Reform Commission is basically the same as that of the previous rumors, but the announcement has added a bit more, which refers to the proportion of the rotation and the time node.

Insiders believe that this is a good thing, ahead of time, can let the industry be prepared.

Recently, according to the website of the national development and Reform Commission, according to the current cotton supply and demand situation and the market operation situation, approved by the State Council, the relevant departments decided to arrange the reserve cotton rotation through the national cotton trading market in 7 and August this year.

The number of rounds is temporarily suspended by 1 million tons, and sales will cease after the new cotton starts in September.

It is reported that the reserve cotton rotation will be in line with the principle of promoting sustained and healthy development of the industry, guiding the smooth operation of the market, reducing the financial burden and improving the cotton storage control mechanism. It will take the "asymmetric rotation, the first round and the rear wheel entry, and multiple rounds of rounds and fewer rounds" to orderly digest the state reserve cotton inventory and gradually reduce the reserve scale to a reasonable level.

The specific quantity and price arrangement are: 330 thousand tons of domestic cotton in 2011, bid price base (3128B, the same below), 13200 yuan / ton, 470 thousand tons of domestic cotton in 2012, 14200 yuan / ton bid price, 200 thousand tons of imported cotton in 2012, 15500 yuan / ton bid price.

The rotation will be arranged separately according to the actual paction situation and the late market operation, and will be selected in the new cotton concentrates during the listing period. The maximum number of rounds will not exceed 40% of the total number of rounds, and the price will follow the market.

The most important concern is the emergence of cotton reserves.

And price.

According to an institutional survey, nearly 70% of enterprises prefer imported cotton and cotton reserves in 2011, while the psychological price of enterprises is generally around 12500 yuan / ton.

In this regard, industry professionals also said that the import of 200 thousand tons of cotton imports should not be a problem, although the price is higher, but the quality is guaranteed, coupled with the current high spin yarn profits are good, digest 200 thousand tons of volume should be very easy.

But for cotton in 2011 and 2012, the industry generally considered 2011.

It is better than 2012, and the difference between the two is 1000 yuan / ton, which is more attractive to cotton enterprises in 2011.

In addition to price factors, another focus of textile enterprises on the reserve cotton wheel is whether or not the reserve cotton will be re examined. There has been market information that cotton reserves need two public inspection, but there is no clear view yet.

In this regard, there are textile enterprises that if there is no public inspection, the possibility of national cotton cotton shooting will be great, after all, the quality of cotton that has been stored for several years will be very strong.

If the implementation of the two public inspection, the use of cotton will have a relatively good protection.

In addition, the issue of imported cotton quotas was not mentioned in the current round of information release.

Analysts believe that if the reserve cotton is coming out very quickly, the probability of selling with the quota will be very small. If the cotton textile enterprises are not enthusiastic about storing cotton for several years, or the country hopes to increase the progress and effect of throwing and storing, the probability of matching cotton imports will still be larger.