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Cotton Prices Are At Historically High &Nbsp; &Nbsp; The State Has Added 400 Thousand Tons Of Reserve Cotton To Cotton Demand.

2010/10/2 23:07:00 108

To meet the needs of textile cotton, stability

cotton

In the market, in September 28th, at the end of the 600 thousand tons of national cotton reserve operation, the relevant departments of the state decided to increase the 400 thousand tons of the state reserve cotton, so that the total amount of 1 million tons would be put in to alleviate the shortage of the supply quantity before the new cotton market.

As of September 27th, 600 thousand tonnes of national cotton reserves had been put into the market for 591244 tons, with a turnover of 581644 tons, with a turnover rate of 99.8%, and 97% of the plans were put into operation. The average grade of all the finished cotton reserves was 3.84, the average length was 28.32, the weighted average price was 19098 yuan / ton, and the turnover rate of 328 grade was 19521 yuan / ton (net weight).

In September 27th, the China cotton reserve management company completed all the 30048 tons of cotton reserves planned to sell on the same day. The average grade of lint cotton was 4.11, the average length was 28.58, the weighted average price was 21776 yuan / ton, and the 328 fold average price was 22374 yuan / ton.

In September 27th, the state

Development and Reform Commission

Seven departments jointly held the national cotton working teleconference.

The meeting pointed out that China's cotton production is expected to decrease slightly in 2010, while cotton demand continues to grow, but the growth rate slows down. The international cotton market is basically balanced in terms of production and demand, and the supply and demand situation has improved over the previous year.

In 2010, we should focus on promoting the steady development of cotton production, doing a good job in the purchase and sale of new cotton and risk prevention work, ensuring the cotton needs, standardizing the order of circulation, promoting the pformation of development mode of textile enterprises and deepening the reform of quality inspection.

The meeting stressed that the market should take an objective view of the temporary supply tensions during the annual pition period.

Cotton price

At a historical high level, the new cotton is about to scale up and go on the market. Recently, cotton prices have gone up too much, and there are too many fundamental factors to break away from the supply and demand. The factors of speculation are bigger and contain greater market risks. Cotton parties should keep a clear understanding of this.