Cotton Purchase And Storage Is About To End Cotton Futures Hedging.

< p > March 26th, the Beijing national a href= "http://www.91se91.com/news/index_c.asp" > cotton trading < /a > market issued the "notice on the last paction time of cotton temporary storage and storage in 2012", which stipulates that 29 is the last trading day for cotton temporary storage and storage this year.

In order to avoid the occurrence of illegal storage and the potential risks of difficult spot sale in the time of storage and withdrawal, most cotton enterprises in the local and its surrounding areas have stopped the purchase of seed cotton. The current work is focused on checking and filling vacancy, and organizing and sending as soon as possible.

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< p > it is understood that some enterprises in the upper and middle of March optimistic about < a href= "http://www.91se91.com/news/index_c.asp" > ZHENG cotton futures < /a > and made a cotton contract with CF1305 hedging in the near future contract, found that the newly acquired lint was processed, and after the inspection, about 40% of the fiber length was 27 millimeters.

Although this situation has occurred in the early days of the storage, the cotton enterprises have not paid much attention to the 27 mm length of the national cotton temporary purchase and storage plan.

However, cotton futures delivery rules stipulate that 27 millimeters of length are not allowed to participate in delivery, and cotton enterprises have to be forced to partially liquidate.

There are different profit margins in the liquidation. Some have seized 18 days of cotton futures and have gained 500 or so.

At present, there are few cotton enterprises that insist on purchasing seed cotton. Some of these enterprises have good results in the inspection, plan to make delivery in futures markets, and sign a real estate cotton sales agreement with customers, which is a contract purchase process.

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< p > 28 days, the local 4 grade seed cotton (lint percentage 36%, moisture regain 9%) acquisition offer 3.95-3.97 yuan / Jin, flower price quoted 3.93-3.95 yuan / Jin, are same as last week's same period.

However, neither state purchase nor storage as a safeguard, and fear of futures can not be delivered, coupled with the limited number of textile enterprises signed, so these cotton enterprises are afraid to buy a lot, can only pick the quality of the collection, the number of recent acquisitions in more than 10 thousand pounds, compared with the same period last week dropped significantly.

On the 28 day, the sales price of local cottonseed was about 1.25 yuan / kg, which did not change much compared with the same period last week.

According to the wastage rate of 2% and acquisition processing cost of 600 yuan / ton, the cost of 4 grade lint is 18300 yuan / ton.

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< p > it is also known that although the local a href= "http://www.91se91.com" > cotton enterprise < /a > has collected and stored most of the cotton lint for processing and purchasing, it has also accumulated some cotton bags which can not be stored in such cases as the type of package does not match, the weight of the package is too large or too small, the moisture regain is high, and the bar code does not match, and the sale of these cotton bags has become a major headache for the cotton enterprises.

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< p > 28, the local 4 grade real estate cotton sales offer 19000 yuan / ton (delivery price, gross weight settlement, with the same ticket), 5 grade real estate cotton sales offer 17300 yuan / ton.

Some enterprises have made a profit of 100-200 yuan / ton on this basis, but the textile industry has recently focused on participating in the national dumping and waiting for the import quota of cotton imports, which has resulted in an unequal response to the real cotton paction.

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