Analysis Of Several Factors Affecting The Turnover Of Cotton Reserves

Has been restricting and affecting

Country of raw material Market

The problem of throwing and storing is finally settled.

In July 7th, the national cotton trading market and China reserve cotton management company pointed out that the national reserve cotton will pass the whole country in July 10th.

The market will turn out part of the national cotton reserves in the open market, and the rotation will take place from July 10, 2015 to August 31st.

Industry analysts believe that the selection of the national cotton reserves in the 7 and August rounds are mainly considering the late phase of the year, increasing supply and avoiding the listing of new cotton in September.

However, judging from the national reserve cotton coming out of this round, the price does not have an advantage. At the same time, textile enterprises also have concerns about the weight and quality of national cotton reserves.

Out of one million tons

The notice points out that this national cotton store will turn out 330 thousand tons of domestic cotton in 2011, bid for the bottom price (discount standard grade 3128B, the same below) for 13200 yuan / ton, 2012 tons of domestic cotton 470 thousand tons, the bid price is 14200 yuan / ton, 2012 tons of imported cotton 200 thousand tons, the bid price is 15500 yuan / ton.

Other types and levels are calculated according to the difference table of color level and length level released by China Cotton Association in July 2015 to determine the bid price.

The notice said that the Notary Inspection of the cotton reserve was carried out in accordance with the national standard of "first parts of cotton GB1103.1-2012: sawtooth processing fine staple cotton", and the quality and weight of the batches of the batches of cotton should be determined by the inspection results issued by the fiber inspection department.

The items of notarization inspection of cotton reserves include: the quality of domestic cotton inspection mill, color grade, quality of imported cotton inspection mill, color grade, length, micron value, and other quality indicators shall be based on the notarization of warehouses or the results of Chinese commodity inspection.

Domestic cotton is sold in accordance with the official weight of notarization inspection, and imported cotton is sold according to the net weight inspection results issued by China Commodity Inspection.

The national development and Reform Commission said in June 30th that the state reserve cotton rotation will be based on the principle of promoting sustainable and healthy development of the industry, guiding the smooth operation of the market, reducing the financial burden and improving the cotton reserve control mechanism. It should take the form of "asymmetric rotation, first round and backward entry, and multiple rounds of production and fewer rounds" to orderly digest the state reserve cotton stocks and gradually reduce the reserve scale to a reasonable level.

The number of rounds is temporarily suspended by 1 million tons, and sales will cease after the new year begins in September.

Volume is not optimistic.

According to the analysis, the output of cotton from the national reserve cotton will have a certain effect on the whole market, but there may not be much turnover.

He Xiaosi pointed out that, first of all, from the detailed rules of the state reserve cotton, the quality of the test was only checked, and the weight was sold according to the weight before entering the warehouse.

"It has been four or five years since the warehouses were put into storage in 2011, and the weight has been reduced a lot."

Second, the price is higher.

Taking domestic cotton in 2011 as an example, the bid price is 13200 yuan / ton.

Only 13500 yuan per ton of cotton is pported to the mainland. There is no advantage in the price of the national reserve cotton.

Finally, the quality is doubtful.

"The cotton that has been put in the warehouse for several years is now being sold and the quality will definitely be affected. This is also the most worrying problem for the textile enterprises."

He Xiaosi said that compared to domestic cotton, the 2012 annual 200 thousand tons of imported cotton may be favored by textile enterprises. "

The quality of cotton is better than that of domestic cotton, so it should not be a big problem to auction 200 thousand tons of imported cotton.

The manager of the cotton Department of China International Investment and Trade Co., Ltd., Nanjing, also pointed out that the price of the national reserve cotton is higher than that of the current round, and there is also some doubt about the quality of the cotton.

"The quality inspection of cotton outgoing is still the basic factor that affects the purchase of textile enterprises."

Feng Jia said.

Textile enterprises worry about quality

In fact, the state reserve cotton wheel is mainly purchased and digested by textile enterprises. However, when interviewed some responsible persons of textile enterprises, they found that they were more cautious about buying national cotton reserves. The main reason was that the auction price was high and not attractive, while the storage time of cotton reserves was too long, the quality was not guaranteed, the purchase procedures were complicated, the cost was high, the capital pressure was large, and the circulation time was longer.

"The price is not very attractive to us, and we are not very satisfied with the quality."

Mao Tai Lin, general manager of Hebei Longxing cotton textile printing and dyeing Co., Ltd. pointed out that there is not much attraction for the national cotton reserves, especially cotton which was a few years ago.

When asked whether to bid for the national cotton reserves, Mao made clear that he would not consider bidding.

"Our company is mainly engaged in high-end products. If we use cotton a few years ago, the quality of its products will be greatly reduced. We will not consider the auction, mainly buying the new cotton now."

stay

Miu Dingshu, chief engineer of Donghua Textile Co., Ltd., seems to be worried about the quality of the textile enterprises.

"Our enterprises attach great importance to quality. Now the cotton sold by national cotton reserves is a few years ago. There will be certain problems in terms of color and strength, so we will choose carefully."

Miao Ding Shu said.

China cotton textile industry association responsible person also said before that, the current textile enterprises need to be able to meet the production needs of cotton, in addition to cotton color, processing quality, length, maturity, strength and other indicators, heterosexual fiber content is also an important reference for cotton spinning enterprises to buy cotton.

The national reserve cotton auction for textile enterprises is more concerned about its quality, and doubts about whether the cotton put into production can really meet the requirements of cotton business.

On the 8 day of July, the survey results showed that the willingness of the enterprises to participate in the round was not strong.

Among them, the proportion of enterprises with a greater willingness to participate is 11%, and the proportion of willing general enterprises is 42%. The proportion of enterprises expressing less willingness is 33%, and the proportion of participants who do not want to participate is 14%.