Cotton Stands On The Basis Of The Quota Reserve. In September 14Th, The Ratio Of Cotton Reserve Delivery Was Less Than 20%.

September 14th

The number of delivery was 45208.30 tons, and the actual turnover was 8887.76 tons, with a turnover ratio of 19.66%. Compared with the previous trading day, the turnover was reduced by 3541.15 tons; the average daily turnover reserve cotton was 3.27, which was 0.02 higher than the previous trading day; the average length was 27.90, which was 0.06 higher than that of the previous paction; the weighted paction price was 18392 yuan / ton, and the turnover rate of 328 grade was 18560 yuan / ton (public weight), which decreased by 328 yuan / ton (public weight) compared with the previous trading day, which was lower than the CC Index price ratio of the same day.

As of the 14 th, the total amount of cotton put in has been 217131.09 tons, with a cumulative turnover of 49.68%. The average grade is 3.07, the average length is 27.88, the average weighted price is 18564 yuan / ton, and the turnover price is 328 yuan / 18637 yuan / ton.

On the same day, the total number of bundled resources was 292 bales, and 59 bundles were actually traded, and the number of actual pactions was 46.

On the same day, the reserve cotton covered 14 provinces, including Anhui, Tianjin, Hebei, Shandong, Henan, Hubei, Hunan, Jiangsu, Gansu, Jiangxi, Jiangxi, Jiangxi, Jiangxi, and so on, involving 48 repository points.

Specific pactions are as follows:

781 tons, held in Liaocheng, Shandong Xinxing cotton reserve Co., Ltd., Luohe directly under the Treasury, Shaanxi cotton (Group) Textile Co., Ltd. Xingping 68098 warehouse, by Anhui Hua Maofang weaving Limited by Share Ltd, Hunan Luxing Textile Co., Ltd., Jianli Shin Textile Co., Ltd., Jiangsu TEDA Textile Co., Ltd., the fifth ring (Group) Limited by Share Ltd competition; the lowest paction price 17780 yuan / ton (weight), the average grade 427, a total of 536 tons, storage of Tianjin directly under the library, the city cotton and cotton general company, the second Hengtong cotton storage Co., Ltd. three storehouses, respectively by the Li County Liyuan Textile Co., Ltd., Xian Xian Xinshi Cotton Industry Co., Ltd., Kaifeng Xinwang Cotton Industry Co., Ltd. compete. 1. The highest paction price is 19070 yuan / ton (weight), and the average grade is 228.

Two, on the same day, the level of paction resources is still three or four.

Among them, 2 grade cotton clinch a deal 781 tons, 3 grade cotton clinch a deal 4922 tons; 4 grade cotton clinch a deal 3185 tons.

Cotton based on quota reserve

There are many problems and many ways.

According to the insiders interviewed by reporters, for the purpose of protecting cotton farmers and the industrial chain, we should look for ideas and try them on the basis of reserves and quotas.

First of all, the establishment of cotton purchase and storage policy and targeted

The target price policy combines the protection mode.

For example, the annual target price of seed cotton is determined. The state purchases the price according to this price, or the farmer sells the cotton according to the market price. Then according to the difference between the target price and the market price and the average yield per unit area, the amount of subsidy per mu is determined, which is directly distributed to the farmers before the annual spring ploughing.

An industry source in Xinjiang suggested that, because of the passive status and decentralization of cotton farmers' sale, it is better to directly establish a basic seed cotton purchase protection price, and publicize the linen percentage and other related indicators, so as to circumvent the current policy drawbacks to a certain extent.

Secondly, as China's dependence on imported cotton is getting stronger and stronger, it is necessary to gradually establish the import and export mechanism of imported cotton, which will not only increase the reserves of cotton resources in China, but will also cause great interference to domestic supply. It can also reduce the cost of storage and purchase by using the advantage of international cotton price lower than domestic cotton price and effectively solve the problem of quota speculation.

Thirdly, the formulation of reserve policy should give priority to changes in supply and demand rather than simple prices.

Dong Shuangwei, director of futures research and development, believes that regulation should follow market rules while taking into account global supply and demand as well as commodity characteristics.

Considering the margin of safety, the reserve quantity of the national cotton should be three months normal.

The amount of consumption should be accurate. In the special period, we should consider enlarging the amount of reserves or increasing reserves, but the reference standard should be the dynamic change of market supply and demand.