Reserve Cotton Auction Price Down, Temporary Purchase And Storage System Receding

"Last year's domestic cotton The actual demand is about 7 million 500 thousand tons. At present, the total amount of national cotton reserves is close to 13 million tons, which has become a huge burden. The state must reduce the stock through price adjustment. Sun Liwu, an analyst of Zhuo Chong information cotton. With the start of Xinjiang cotton price subsidy trial in the year, the temporary cotton purchase and storage system started in 2011 will end.

According to the relevant departments, the domestic cotton throwing and storage policy will be adjusted in April 1st, including the reserve price of the cotton standard bid, which will be adjusted from 18000 yuan / ton to 17250 yuan / ton. Reserve cotton A general trade quota will be associated with a certain proportion. If the enterprises need to auction the stored cotton stored in the Xinjiang warehouse, they can auction the imported cotton of the state reserve according to the 3:1 ratio of the auction amount. At present, only the spinning enterprises are allowed to auction the reserve cotton, and the auction number is no longer restricted, so the traders can not participate in the auction for the time being.

So far, much attention has been paid to the market. Cotton throwing and storing The dust of the "New Deal" has been settled. It is worth mentioning that this year's cotton storage time is from November 28, 2013 to August 31, 2014. That is to say, only 4 months have been invested, and the policy of dumping and storage has changed.

Cotton analyst Sun Liwu believes that the total inventory of cotton and cotton reserves has exceeded 10 million tons. However, due to weak demand and competition from imported cotton, cotton reserves are in an awkward situation of indigestion. If the price of cotton is calculated at 20 thousand per ton, the amount of cotton reserves will be more than about 200000000000, and new cotton will continue to be put into storage, which will lead to increased financial and inventory pressure and, to a certain extent, urge the state to reduce the price of cotton reserves.

The head of a Jiangsu textile company contacted by reporters also bluntly said that the reserve price for the last round of cotton placement was 19000 yuan / ton, the first price was 18000 yuan / ton, and the surface price was reduced by 1000 yuan / ton, but because of the no sale quota, the price performance ratio was not high. "We are still waiting for the final plan, and the wind we hear now is that the ratio of cotton reserves to general trade quotas is 4:1."

Public information shows that as of March 24th, the total amount of cotton stockpile put into operation was 2 million 30 thousand tons, with a total turnover of 720 thousand tons, with a turnover ratio of 35%. The responsible person said, "a lot of target shots are mainly produced in the mainland. The turnover rate of Xinjiang cotton is relatively high, and almost one hundred percent of imported cotton is sold."

"Although the bottom price of a bid is lowered, the actual effect of dumping will depend on the actual resource structure." Sun Liwu said.

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The national standard of "cotton processing terminology", which was drafted by Zhengzhou cotton and hemp Engineering Technology Design Institute, has been consulted by experts through extensive consultation with industry experts, repeated demonstration and continuous improvement in March 1, 2014.

There were 9 experts from the Beijing Commercial Machinery Research Institute, the China Standardization Research Institute, the China General Machinery Research Institute, the national Terminology Standardization Technical Committee, the China Fiber Inspection Bureau, the China Cotton Association and the national cotton trading market.

The expert group listened highly to the standard after hearing the report and questioning of the standard drafting group. The national standard of "cotton processing terminology" is the first basic national standard in cotton processing industry. It is the basic document of cotton processing technology, technological process, information management, warehousing and logistics and cotton byproduct, and has laid a technical foundation for unified terminology of cotton processing industry.

Through the study of cotton processing industry at home and abroad, the standard has established the concept system and content framework of cotton processing terminology. It has scientific, systematic and integrity and fills the gap in China.