Throwing Stores Into Cotton Prices Is A Major Positive &Nbsp; Cotton Prices Will Not Rise But Rise.
The dumping and storage of bulk raw materials will often play a role in stabilizing prices, but throwing cotton in reserve cotton seems to be a major benefit of cotton prices.
Recently, the China cotton reserve management company (hereinafter referred to as "cotton in storage") announced that since August 10, 2010, the national cotton trading market has been bidding for the national cotton reserves through the auction system of cotton reserves, the number of which is 600 thousand tons.
The Central Cotton store yesterday planned to sell the first batch of 15028.79 tons of cotton reserves, involving 89 warehouses in 10 provinces.
According to industry sources, all 600 thousand tons of cotton reserves will be sold in batches in the next two months, and 15 thousand tons will be thrown on each working day. The sale of cotton will be the reserve cotton purchased in 2008.
Surprisingly, 10 days, domestic cotton futures prices did not seem to be affected by the news of throwing and storing. Zhengzhou cotton futures contract prices rose to the close. The price of zhengmian main 1101 contract was 16825 yuan / ton, also up 110 yuan from the previous day.
In fact
cotton
In June and July of this year, there was a rumor that the policy was in fact bad for cotton prices.
Liu Qing, an analyst at new lake futures, said.
She said that the way of throwing the store was targeted selling, and the participating buyers were restricted to be included in the National Bureau of statistics.
Spinning volume
In the statistical range of textile cotton enterprises, after many enterprises procurement of cotton has been relatively dull, just waiting for the storage of cotton.
In addition, the quantity of weekly bidding for the enterprises is strictly controlled. The total number of weekly bidding pactions of 200 thousand or more textile cotton enterprises should not exceed 10 days' cotton consumption, and the textile enterprises with less than 200 thousand spindles will not make the purchase progress restriction.
China's cotton net data show that domestic small and medium cotton
Textile enterprises
It accounts for more than 97% of the total, and these are the enterprises that are "no rice under the pot" at present. The weekly auction of these enterprises is not limited, which may cause a short-term "mad rush" market.
New lake futures research also shows that this year's new cotton listing may be about 7~10 days later than in previous years. The new cotton market will be on the market from about the end of September to the beginning of October. According to the dumping speed of 15 thousand tons a day, 600 thousand tons of cotton reserves can be sold for the next more than 40 days, which is urgent for some textile enterprises.
Liu Qing pointed out: "the purpose of this throwing and storing is mainly to allow textile enterprises to make a smooth pition before the listing of new cotton, rather than to suppress cotton prices. This is also one of the reasons for the strong price of cotton futures."
According to the announcement of throwing the reserve, the reserve price of reserve cotton is 16500 yuan / ton.
By the evening of August 10th, all cotton reserves were sold on the evening of August 10th, and the average price was 18208 yuan / ton, which was converted into the Zhengzhou commodity exchange delivery class - the price of 328 grade cotton was 18318 yuan / ton.
This is not only higher than yesterday's futures price, but also gradually approaching the price of spot electronic disk in recent months.
- Related reading
Us Final Ruling On Anti-Dumping Duty On Ribbon Production In Mainland China And Taiwan
|National Cotton Quality Supervision And Fiber Law Enforcement Fraud Conference Held
|- Industry Overview | Who Won The List Of The World'S Top Luxury Brands In The Second Quarter?
- Industry perspective | Return To Innocence And See If Dior Is Effective In Advertising.
- Industry perspective | Fortress Dragon Lost Half A Year, Hongkong Market, Retail Predicament Is Uncertain.
- Market quotation | Fashion Brands Should Not Take Into Account Young People'S Ignorance Of The Shortage Of People Over The Age Of 50.
- Industry dialysis | How China'S Luxury Goods Go To The World Is Playing A Decisive Role.
- Industry dialysis | Written Before The Big Changes In The Industry: A Trade War, Awakening The Great Power Dream.
- Attract investment | Collect And Solve Problems, Upgrade And Promote Development. Zuo Quan Xian Samsung Garment Co., Ltd. File Upgrade Development Seminar Successfully Held.
- Market quotation | Standing On The Cusp Of Silk Weaving Market: Will It Be Difficult To Find Cloth In The Second Half Of The Year?
- Bullshit | A Cheap Price War Launched By Arthur Classic, Hi Bee Shopping Is Ready.
- Enterprise information | Shandong Hai Jia Machinery: 23 Years Of Water Jet Looms To Stick To The Road
- Us Final Ruling On Anti-Dumping Duty On Ribbon Production In Mainland China And Taiwan
- National Cotton Quality Supervision And Fiber Law Enforcement Fraud Conference Held
- Textile Machinery Industry: Philosophy Of Survival
- What Is The Impact Of The EU'S Eco Label System On Shoe Companies?
- Quanzhou Shoe Enterprises Go To The Famous Shoe Companies Such As Red Dragonflies To Learn From Them.
- EU'S Anti Sales Tax Is Illegal &Nbsp; China'S Footwear Is Expected To Be Rehabilitated.
- World Shoe Capital: Great Changes In China'S Houjie Development
- BELLE Shoes Are More Profitable Than Other Brands.
- Hankou'S Five Largest Markets In The North Are Operating In A Robust Manner.
- Shoe Companies Gather Sports Marketing &Nbsp; Impatient To Eat Hot Tofu.