Analysis Of The Latest Trends Of Domestic Cotton Market

It will continue to be implemented in 2013 Temporary collection and storage of cotton policy

At the fifth session of the second session of the Council of China Cotton Association, Li Yan, Deputy Director of the Economic and Trade Department of the National Development and Reform Commission, gave a brief introduction to the national macro-control policies of the previous year and the policy trend of this year.

Li Yan first introduced the work and achievements of the 2012 temporary storage policy. After the launch of temporary storage last year, the market demand was not strong, and delivery and storage became the main sales mode of processing enterprises. Early delivery and storage and large volume became the main characteristics. The NDRC discussed and arranged in advance, and the intermediate storage cotton increased its delivery and storage points in time, increased its listing quantity, started the fifth level cotton storage, and strengthened the transfer of Xinjiang cotton to meet the delivery and storage of enterprises, with a total storage capacity of 8.22 million tons, A large order of 1.67 million tons was signed. As of March 20, the actual turnover was 6.27 million tons, accounting for 92% of the current year's output based on the output of the Bureau of Statistics, and 1.62 million tons of Xinjiang cotton was shipped.

The purchase and processing progress driven by storage is faster than that of the previous year. At present, it is basically over, and the sales rate of new cotton is about 96%. The purchase and storage ensure the stable operation of the market. The price of seed cotton is stable at 4.22 yuan/kg, up 0.1 yuan, and the sales price of lint is 19300 yuan/ton, up 700 yuan. The income of cotton farmers increased, and the average cash income per mu increased by 141 yuan. The temporary collection and storage policy played a key role in preventing cotton prices from falling and solving the problem of selling cotton.

With regard to the 2013 national macro-control policy, Li Yan introduced that after the consultation of various departments, in view of the current situation and the requirements of the No. 1 Document, the policy of open storage will continue to be implemented to keep the area of advantageous cotton producing areas basically stable, stabilize market expectations and textile demand, and the specific price will be announced to the public in the near future. In addition, new standards are implemented for temporary storage this year, and it is recommended that enterprises learn about relevant policies.

Finally, Li Yan stressed that from the current situation, the orders of textile enterprises have gradually increased this year, and the export situation has shown signs of improvement. The purpose of national macro-control is to maintain market stability, and the policy aims to establish a long-term mechanism under the conditions of national financial permission to promote the healthy development of the textile industry.

domestic Cotton price Stable cotton enterprises are cautious in purchasing

On the 27th, the spot price of domestic cotton continued to remain stable. Due to the reduction of domestic cotton planting area, consumption is expected to increase, and the serious oversupply in the domestic market will be eased. However, cotton downstream textile enterprises are still cautious in purchasing, and the sustainability of domestic cotton price stability remains to be observed. PLS China Feed Industry Information Network - based on feed, serving animal husbandry

The spot price on the domestic market is still stable, and some regions Yarn price There has been a slight pullback, quotas have been issued successively, a large number of cotton outside the port have been cleared, and the fundamentals remain depressed. The pressure on spot may increase slightly in the near future. PLS China Feed Industry Information Network - based on feed, serving animal husbandry

The news that China issued additional processing trade quotas made cotton traders optimistic about market demand. The quotation of foreign cotton in China's main port was significantly raised, and most varieties were raised by 1.5 cents. After adjustment, the post tax quotation of high-grade external cotton slip is still lower than 17000 yuan/ton, which is attractive to textile mills. It is understood that after the Spring Festival, the port bonded inventory has been on the rise, and the issuance of quotas can effectively alleviate the inventory pressure. However, China's expectation of releasing reserves in the future will continue to have a negative impact on foreign cotton.