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The Choice Of Time For The Storage Of Cotton At The End Of The Year Is Worth Playing

2013/12/10 10:21:00 15

From November 28th to November 28th, the storage of cotton reserves began to sell. This round of cotton storage will continue until the end of August 2014. 
 the national cotton trading market and the China cotton reserve management company issued a notice on November 27th that, in order to meet the needs of < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > Enterprise cotton need, approved by the State Council, the relevant departments decided to sell some of the state reserve cotton. The cotton storage time was from November 28, 2013 to August 31, 2014, and the China cotton reserve management company put the reserve cotton in the open auction mode through the national cotton trading market reserve cotton auction system. In this round of reserve cotton placement, the bid price of standard cotton auction is 18000 yuan / ton, not tying up quotas. 
 putting time is worth pondering .
 this round of cotton reserves is at the end of the year. The selection of the time to put in the new cotton storage and processing peak season is worth pondering. 
 "this round of cotton reserves will continue until the end of August next year. The intention is obvious that as long as the market is in need, the state can continue to market the old cotton, and even this year's new cotton can be put into the market." Wang Li, director of the cotton economics research center of Shihezi University in Xinjiang, said: "this round of cotton storage also shows that the state is more recognised for the late cotton picking up and storing and putting the market on the road, and cotton will eventually enter the market for digestion." 
 from January to 7 of this year, the cotton storage company also carried out a round of cotton storage, but it was only put into the consumption of the enterprise in September, but it was not released later. At present, the inventory of enterprises is relatively tight. < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > is looking forward to the new round of cotton reserves. 
 "at the moment, the value of cotton imports is basically exhausted due to the high tide of cotton used by textile enterprises, so there is a strong demand for cotton in the market." Gao Fang, executive vice president of China Cotton Association, said. Despite the large demand, the market has selectively absorbed cotton reserves. In the first two days of auction, nearly 40% of the target shooting. The main target of the auction is cotton production in the mainland, while the turnover rate of Xinjiang cotton is relatively high, and the turnover rate of imported cotton is also very high. Within two days of the start of the auction, almost all imported cotton was sold. 
 November 28th, the length of cotton put into operation was longer than before. < a href= "//www.sjfzxm.com/news/index_c.asp > > cotton > /a > stock pressure is great, or it is important reason to restart cotton storage in the year. 
 2013/2014 quarter new cotton, as the set price of storage and purchase is far higher than the global and domestic cotton market prices, as of December 6th, cotton storage capacity reached 3 million 539 thousand and 200 tons. According to the insiders, the new cotton flow to the Treasury in 2013/2014 basically has no suspense, and the pressure on the stock of cotton reserves will continue to increase. 
 Gao Fang said that the massive influx of new cotton into the Treasury in the 2012/2013 season made the country have to borrow the grain store to store cotton. 
 "if the stock is not cleared in time, I am afraid that the storage of cotton will become a problem this year." Wang Li said that due to the limited storage capacity of cotton in various parts of the country, cotton is now in the peak season for storage and storage. 
 storage cost is also an important factor to consider in the delivery of cotton reserves. The storage cost of cotton reserves includes the quality degradation of cotton and the interest payment of loans. It is estimated that the annual storage cost per ton of cotton reserves will be around 2000 yuan. According to the inventory of 10 million tons, the annual potential loss of cotton reserves exceeds 20 billion yuan. Wang Li believes that new cotton is constantly in storage, and the pressure on finance and inventory is increasing. 
 strictly prevent "turning cotton" > /strong > /p >
 cotton spinning is a rather sensitive topic in the cotton market in recent years. It is also a matter worthy of attention in the delivery of cotton reserves, otherwise the effect will be greatly reduced and seriously damage the order of the cotton market. 
 "spinning cotton" means that the textile enterprises buy their reserve cotton at a low price, but do not use it at their own price, but sell them at a higher price, especially when the cotton is re packaged and packaged as the cotton storage in the current year. 
In order to prevent the throwing of reserve cotton from turning into "spinning cotton", the cotton store launched in November 28th has issued a more stringent policy, which stipulates that the participating buyers must be involved in the spanaction of textile and cotton enterprises listed in the statistical range of the National Bureau of statistics. They need to open accounts in the trading market if they participate in the spanaction. Participants are required to pay a deposit of not less than 500 thousand yuan in advance. Moreover, the maximum number of bidders participating in bidding enterprises before March 31, 2014 should not exceed 4 months' cotton usage, and the maximum bid amount before January 31, 2014 should not exceed 2 months' cotton consumption. 
 in order to prevent enterprises from making use of the "turn around cotton" storage, in mid September of this year, the Central Cotton store issued the "notice on strictly regulating the qualification and delivery of temporary storage and storage enterprises in 2013". According to the notice, the enterprises directly involved in the cotton trading and storage in the new year must be the higher level legal person of the 400 type cotton processing enterprise or the 400 type cotton processing enterprise, and the leased party or the processing party who commissioned the 400 type cotton processing enterprise to process cotton or the processing party. 
 "before the new cotton comes into market this year, the Department concerned suspends the sale of cotton reserves, to a certain extent, in order to prevent the emergence of" turn around cotton ". Wang Li said. 
 although the national level has repeatedly issued policies to guard against "spinning cotton", it is often hard to spare. Insiders say that as long as there is profit margin in the purchase price and market price of cotton, the phenomenon can not be completely eliminated. It is estimated that if the relevant costs are not considered, the profit margin of the "turn around cotton" per ton will be more than 2000 yuan based on the current 20400 yuan / ton storage price and the 18000 yuan / ton delivery price. Faced with such a considerable profit margin, it is hard to avoid some enterprises from taking risks. 
 how to effectively prevent "turning cotton" will become an important index to test the effect of this round of cotton storage. 
 the origin of reserve cotton 
In 1999, when the price of cotton purchase and sale was liberalized by the state in 1999, the state eased the cyclical problems caused by supply and demand and price fluctuation through the temporary storage and purchase of lint in the main producing areas, and played an important role in stabilizing cotton prices and protecting the interests of cotton farmers. At the same time, the state also sold cotton reserves in a competitive way to meet the needs of textile cotton and stabilize the cotton market. 
 in 2010, cotton prices rose to more than 30000 yuan per ton due to domestic and foreign cotton production and market speculation. Local governments, relevant departments and industry organizations in cotton producing areas are concerned about the significant fluctuations in cotton prices affecting cotton farmers' interests and production enthusiasm. In order to stabilize the market expectations of cotton producers, operators and cotton producers, protect the interests of cotton farmers and ensure market supply, the state decided to normalize the measures for temporarily collecting and storing lint in main cotton producing areas, and began to implement temporary cotton storage and storage system from 2011. 
 the central one document in the following two years emphasized this < a href= "//www.sjfzxm.com/news/index_q.asp" > cotton policy < /a >. The main points of this policy are: first, announce the purchase and storage prices and plans ahead of schedule before spring sowing, so that farmers can take heart and stabilize market expectations; two, they should be changed from limited storage to open purchase and storage, so as to ensure that the interests of farmers are not discounted.