Today, Xinjiang Cotton Auction To Launch 6637 Tons Of Resources

The national cotton exchange market is scheduled for sale in July 2nd. Xinjiang cotton sells 6637.706 tons of resources, including 3352.738 tons of resources in the Xinjiang reservoir area.

The minimum price of 3309.805 tons is 13050 yuan / ton.

42.933 tons, minimum price 12300 yuan / ton.

The inland reservoir area has 3284.968 tonnes of resources, with a minimum price of 13200 yuan / ton.

On the same day, more than 28 resources (fracture strength 28+, average length 28+) 2280.189 tons.

The library accounts for 982.369 tons, and the inland market accounts for 1297.82 tons. The minimum price quoted is 13200 yuan / ton, all of which are hand picked cotton.

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Rumors about the cotton throwing and storage scheme have been bubbling up for a long time, and the number of final rounds issued by the national development and Reform Commission is basically the same as that of the previous rumors, but the announcement has added a bit more, which refers to the proportion of the rotation and the time node.

Insiders believe that this is a good thing, ahead of time, can let the industry be prepared.

Recently, according to the website of the national development and Reform Commission, according to the current cotton supply and demand situation and the market operation situation, approved by the State Council, the relevant departments decided to arrange the reserve cotton rotation through the national cotton trading market in 7 and August this year.

The number of rounds is temporarily suspended by 1 million tons, and sales will cease after the new cotton starts in September.

It is reported that the reserve cotton rotation will be in line with the principle of promoting sustained and healthy development of the industry, guiding the smooth operation of the market, reducing the financial burden and improving the cotton storage control mechanism. It will take the "asymmetric rotation, the first round and the rear wheel entry, and multiple rounds of rounds and fewer rounds" to orderly digest the state reserve cotton inventory and gradually reduce the reserve scale to a reasonable level.

The specific quantity and price arrangement are: 330 thousand tons of domestic cotton in 2011, bid price base (3128B, the same below), 13200 yuan / ton, 470 thousand tons of domestic cotton in 2012, 14200 yuan / ton bid price, 200 thousand tons of imported cotton in 2012, 15500 yuan / ton bid price.

The rotation will be arranged separately according to the actual paction situation and the late market operation, and will be selected in the new cotton concentrates during the listing period. The maximum number of rounds will not exceed 40% of the total number of rounds, and the price will follow the market.

The reserve cotton rotation will start in early July, and the specific trading rules will be announced by the national cotton trading market recently.

Cotton textile enterprises are most concerned about the quality and price of this round of cotton reserves.

According to an institutional survey, nearly 70% of enterprises prefer imported cotton and cotton reserves in 2011, while the psychological price of enterprises is generally around 12500 yuan / ton.

In this regard, industry professionals also said that the import of 200 thousand tons of cotton imports should not be a problem, although the price is higher, but the quality is guaranteed, coupled with the current high spin yarn profits are good, digest 200 thousand tons of volume should be very easy.

But for cotton in 2011 and 2012, the quality of cotton in 2011 is generally better than 2012, and the difference between the two is 1000 yuan / ton, which is more attractive to cotton companies in 2011.

In addition to price factors, another focus of textile enterprises on the reserve cotton wheel is whether or not the reserve cotton will be re examined. There has been market information that cotton reserves need two public inspection, but there is no clear view yet.

In this regard, there are textile enterprises that if there is no public inspection, the possibility of national cotton cotton shooting will be great, after all, the quality of cotton that has been stored for several years will be very strong.

If the implementation of the two public inspection, the use of cotton will have a relatively good protection.

In addition, the issue of imported cotton quotas was not mentioned in the current round of information release.

Analysts believe that if the reserve cotton is coming out very quickly, the probability of selling with the quota will be very small. If the cotton textile enterprises are not enthusiastic about storing cotton for several years, or the country hopes to increase the progress and effect of throwing and storing, the probability of matching cotton imports will still be larger.