600 Thousand Tons Of State Reserve Cotton Put On The Market

The announcement said that since August 10, 2010, this batch of

The notice issued the following provisions on the number of buyers, the number of bids, the bid price and quality inspection.

First, determine the qualification of the buyer.

In order to reduce intermediate links, the competition buyer is limited to the textile cotton enterprises listed in the spinning statistics range of the National Bureau of statistics, and is specifically carried out according to the relevant regulations on auditing the qualification to participate in the auction of cotton reserves.

Two, weekly and total bidding quantity control.

To avoid the centralized procurement of large textile and cotton enterprises in a short time, the total number of weekly bidding pactions per 200 thousand spindles of textile cotton enterprises should not exceed 10 days' cotton consumption, and the textile enterprises below 200 thousand spindles do not purchase progress restriction.

The total number of bidders in all bids should not exceed 1 months' maximum cotton consumption.

Three, the time limit for signing a contract and payment of goods.

All textile and cotton enterprises participating in the bidding and paction must sign the contract for the purchase and sale of cotton in the national cotton trading market within 3 working days after the paction date, and will remit the proceeds to the China cotton reserve management company within 5 working days of the paction, otherwise, it will be dealt with according to the buyer's breach.

Four.

Five, it is strictly forbidden to sell cotton reserves.

All textile enterprises involved in bidding will only purchase their own cotton reserves for their own use, and strictly prohibit the resale of other enterprises.

To this end, in the cotton purchase and sale contract of the national cotton market, the responsibility of the buyer should be further clarified. That is, if a textile enterprise that has bought a bid to sell the cotton reserve is found and investigated, the price will be deducted according to the standard of 1000 yuan / ton as the penalty for breach of contract. If the margin is insufficient, it will be recovered in accordance with the law, and the qualification of the cotton reserve auction will be abolished. It is not allowed to participate in the bidding of cotton reserves in 3 years.

This sale reserve cotton is 600 thousand tons.

The reserve price of the reserve cotton sold for sale is 16500 yuan / ton (standard grade, net weight), and other grades of cotton are calculated according to the grade difference rate 3% and the length difference rate 1%.