Storage And Storage Measures "Multi Pronged" Domestic Cotton Spot Prices Steadily Rise

Because of the country's heavy volume

In addition, with the "multi pronged approach" of storage and storage measures, the speed and volume of acquisition and sale of State Cotton stores this year were higher than those of last year.

It is understood that as of now, the total volume of state cotton storage has been close to 2 million 500 thousand tons.

With the delivery of national cotton reserves, the domestic cotton spot price has also been rising steadily in recent years.

In order to effectively solve the problems of cotton production and storage in Xinjiang production and Construction Corps, and ensure the smooth operation of cotton storage and storage in the regiment, in the early November, the national development and Reform Commission, the central storage cotton company and the national cotton trading market gave the regiment a policy tilt. They agreed to carry out large single storage for the cotton conforming to the storage and storage conditions of the regiment, and put the qualified regimental field ginning yard into the custody unit of the national cotton storage and storage era, and put it on the spot.

At present, the large single cotton storage of corps has started.

"In addition, in order to meet the needs of storage and storage of cotton enterprises in Xinjiang, the relevant departments have decided to use the Hami double silver cotton limited liability company library without railway line."

Insiders told the futures Daily reporter that Hami double silver cotton limited liability company's storage and storage point of cotton need to be shipped through Kumul Railway Station, and there are more short and down stations and other expenses than those of the special railway line, which is about 160 yuan / ton.

"The state may be considering the capacity of the reservoir.

Therefore, it is concluded that there is no possibility of releasing and storing the railway line at the later stage.

At present, the domestic

The picking process has ended, and the progress of national storage and acquisition is faster than that of the same period last year.

According to the survey by relevant agencies, the cotton harvest area in China has dropped by 9% over the past year and the cotton output in the whole country is close to 7 million tons this year.

Due to weather reasons, the quality of cotton varies widely in different parts of the country. Cotton enterprises cross regional acquisition is more common. At present, Shandong and other places have large stock of grade 5 cotton.

"The purchase and storage will further aggravate the shortage of high-grade cotton on the market. Later, if the sale of national cotton can not be timely butted with the market demand changes, then cotton prices will have a short-term upward trend."

But cotton analysts believe that the huge national cotton stocks will curb the rise in cotton prices.

It is understood that the state started temporary cotton storage and storage for two months, has accumulated a total turnover of 2 million 425 thousand and 100 tons, accounting for 34.87% of the estimated output.

At the same time, the data released by China Fiber Inspection Bureau showed that as of November 12th, the amount of cotton notarization inspection was 2 million 958 thousand and 100 tons, and the proportion of pferred reserves accounted for 81.98% of the public inspection volume.

From this point of view, the quantity of new cotton in circulation market is very limited.

"At present, cotton

The spot matching price is lower than the futures price, and the futures price is lower than the purchase price.

As of the close of November 12th, the new cotton warehouse list has not yet appeared, which means that the storage of cotton for more than 4 cotton is very strong.

Lang Chengcheng, director of Jiangsu Hongye futures agricultural products research institute, said that the number of new cotton entering the circulation market would not be too large until the receipt and storage of the products had not significantly tightened.

"From this point of view, there will be a shortage of high-grade cotton that is available for circulation before the end of the year".