Policy to maintain the trend in cotton prices stable cotton prices trend up late

Policy to maintain the trend in cotton prices stable cotton prices trend up late

July 20, the National Cotton A Index Price (CNCottonA) to 13,496 yuan (per ton, the same below), up 22 yuan; B index (CNCottonB) to 13,201 yuan, up 22 yuan. Chinese cotton price index (CCIndex328) 13025 yuan / ton, up 38 yuan, 527 average price of cotton to plant 11,803 yuan / ton.

As the pre-auction drive up prices caused by too much involved in the main, the transaction price to cotton reserves to better withstand in the textile industry within the general run, the state issued a public notice that, since July 20, the suspension of the cotton textile industry distribution companies commissioned Dealers agents of their auction cotton reserves, which will effectively protect the interests of the textile enterprises, which will help the survival and development of textile enterprises. In addition, there was news, business auction transactions in the country in 2008 the Xinjiang Production and storage of cotton can enjoy the library moved out of Xinjiang cotton subsidies cost 400 yuan per ton. If the news is true, it will move to the textile industry is a great support, but later the State Reserve of Xinjiang cotton may also be caused due to the intense competition for higher prices. Overall, national policy changes and price movements are closely related to cotton later this year, from the tight balance between domestic cotton supply and national stability maintenance policy point of view, the late cotton price trend is expected to show steady trend up.

As of July 17, cotton reserves accumulated turnover of close to 1 million tons, in addition to textile enterprises directly involved in the auction, the adoption of trading platforms, brokers also deal a considerable number of bidders State Reserve cotton, brokers involved in bidding to make some small textile channel for enterprises to buy cotton, but also led to rising bid prices, even more than the textile industry's purchasing power.

Recent domestic cotton prices rose too fast, but weak downstream demand, cotton prices rose with the degree of small mills in Hunan loss, but most still insisted on the production, and hoping the market early warming. According to the Hunan and around several textile enterprises Lixian reflect high cotton prices led to higher cost pressures faced by most businesses, cash flow is very difficult, some textile enterprises can only adjust the product mix, such as reducing the proportion of cotton varieties or change spin cotton products to reduce the financial pressure. Furthermore, in order to maintain production, the majority of textile enterprises intends to increase the inventory of resources in the spot rare cases, have active participation in different ways, the State Reserve cotton auction. Reserve the weekend by throwing price increases, stock prices continued to rise today, 328 cotton rose to 13,000 yuan / ton.

Weekend savings for the departments concerned to cast fine-tuning, first commissioned by the cotton textile industry to suspend a dealer agent of its distribution companies bidding cotton reserves; second time at the weekend reduced the weight of a single bundle of cotton, both the size, grade distribution than uniform; while throwing storage plan launched today can be seen on the number of cast and library storage distribution points increased. National macro-control goal is to protect the market supply, stable cotton market, so that the real flow of cotton to textile enterprises in the hands, it is expected that the cotton price will drop slightly affected.

Current business auction transactions in the country in 2008 the Xinjiang Production and storage of cotton can enjoy the Xinjiang cotton subsidies cost shifting library, regardless of grade and length, the central government fixed subsidy 400 yuan per ton. From the above aspects, no doubt reflecting on the recent national concerns about higher cotton prices in general, especially the textile industry commissioned broker agent to suspend bidding and Cotton subsidies can enjoy both the fixed shift library policy. The short term, the country still control a large number of cotton reserves of resources under the premise of the policy issued by such psychological expectations, to some extent inhibited the fast current cotton prices rose, prices stabilize at current levels, but whether the ultimate effect to change the role of trend remains to be seen.

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