Reserve &Nbsp; Cotton Price Downward Space Is Limited.
The increase in global planting area and the downturn of domestic textile and clothing led to the weak cotton prices, but the state's purchasing and storage work has been carried out, and cotton prices have gained solid support.
9. The trend of macroeconomy leading commodities in October.
commodity
The market is generally down, but cotton is relatively stable. In the recent rally, cotton is stagnant.
Looking back at the hot market in 2010, cotton futures frequently traded 2 million hands, but the current cotton market turnover is only 100 thousand to 200 thousand hands, and the market is very cold.
At present, the cotton spot market has not changed substantially, and the output of the new year has increased. Due to the shortage of the textile downstream demand, the yarn and cloth storage level has remained high. The price of lint in some areas has fallen below the 19800 yuan / ton of new cotton purchase and storage price.
In order to stabilize market expectations of cotton producers, operators and cotton producers and protect the interests of cotton farmers, the government began to implement temporary cotton purchase and storage system in 2011.
2011
cotton
The temporary storage price is 19800 yuan per ton for the standard grade lint to the warehouse, and the annual implementation plan for the temporary storage and storage of cotton is from September 1, 2011 to March 31, 2012.
Cotton prices continue to fall, only by relying on national policy support can we reverse the downward trend.
It is worth mentioning that the reserve
Cotton acquisition
Continue to carry out, daily turnover increased daily, total turnover of 37640 tons, the sale area mainly concentrated in Anhui, Hubei, Jiangsu, Xinjiang, Tianjin five provinces and cities.
In October 24th, we planned to close and store 34100 tons, with a turnover of 13980 tons, with a turnover ratio of 41%.
According to the current market price, cotton enterprises have certain profits in the storage and storage, and the reserves increase day by day. The State purchasing and storage policy is beginning to bear fruit. China's cotton consumption accounts for 40% of the world's cotton consumption and imports account for 40% of the global proportion.
There is limited space for the purchase and storage of cotton.
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