China Cotton Textile Industry Association Convened A Council In Qingdao

In March 27th, China Cotton Textile Industry Association At the Council meeting held in Qingdao, relevant departments confirmed and reiterated the recent cotton policy.

1, beginning in April 1st, the price of the reserve and auction was adjusted to 17250 yuan / ton.

2, we need to increase the number of Xinjiang's reserve cotton and increase the intensity of its input. After purchasing 3 tons of reserve cotton from Xinjiang reservoir, we can auction 1 tons of imported cotton, and at the same time increase the dispatch of Xinjiang cotton through relevant departments to meet the needs of high-grade cotton producers.

3, notify the spinning enterprises to associate the quota with the form of internal documents.

4, the closing of storage in March 31st, due to storage. cotton Storage will also be delayed for a period of time. In order to prevent spinning cotton, the cotton auction in April 1st will not be available until after the Ching Ming Festival.

5 or more than 50 thousand spindles. Spinning enterprise It is eligible to apply for import quotas for dumping and storage. Previously spinning enterprises above 50 thousand spindles can get quotas after completing relevant procedures. In the calculation of quota quantity, the auction amount before the completion of the formalities will also accumulate. If the relevant procedures are to be filled in May, the number of bids will still be effective in April.

6, if the number of auction in single month is small, it is suggested to accumulate a certain amount to re settle the quota.

7, at the end of April, a number of import quotas for processing trade will be issued (the total volume is up to 800 thousand tons).

8, the new direct subsidy policy which was originally announced before the spring sowing. Due to the complexity of the current situation, the relevant contents should be postponed.

Another enterprise said that the implementation of the policy of dumping and storage will help narrow the difference between cotton prices inside and outside the country, but only if the international cotton price is maintained at over 90 cents / pound, so the most important concern is the trend of international cotton prices.

The above information is arranged according to the meeting content. The official documents of the relevant policies are expected to be announced this week. We will follow up the reports at the first time, and pay close attention to them.