The NDRC Has Gradually And Orderly Digested State Reserve Cotton Stocks.

The national development and Reform Commission and the Ministry of Finance announced the state reserve cotton inventory.

The announcement pointed out that, with the approval of the State Council, the national development and Reform Commission and the Ministry of Finance decided to gradually digest the stock of the national reserve cotton from this year and adjust the reserve to a reasonable level.

Announcement pair

Arrange for rotation and rotation.

The digestion of national cotton reserves is carried out in accordance with the "asymmetric rotation, the first round and the rear wheels, and multiple rounds of rounds and rounds". The following four principles are followed:

First, it is conducive to the sustained and healthy development of the industry.

Considering the development of domestic cotton planting and textile industry, handling cotton production and digestion cotton reserves, expanding the demand and promotion of textile cotton.

The relationship between upgrading will promote the coordinated development of cotton production, circulation and processing.

Two is conducive to guiding the smooth operation of the market.

The digestion of stored cotton should follow the market rules and keep out.

As well as institutionalization, rotation will also follow the market, stabilize market expectations, and facilitate enterprises to plan production and operation ahead of schedule.

Three, it is conducive to reducing the financial burden.

As many rounds as possible, we should do a good job in the digestion of stored cotton, improve the operation mode, improve work efficiency, and reduce financial expenditure as far as possible.

Four, it is conducive to improving the cotton reserve regulation mechanism.

We should sum up experience in time, improve and perfect the dynamic and standardized mechanism for the storage and rotation of cotton wheels, standardize the management of reserves, and continuously improve the efficiency of reserve control.

The detailed regulations show that the total output is not more than 2 million tons.

In principle, the number of daily sales is not more than 30 thousand tons, giving priority to arranging imported cotton wheels.

The specific rotation time is the national statutory working day of August 31st May 3, 2016 -2016.

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Recently, domestic cotton prices have risen slightly.

In April 11th, the factory price of 3128C cotton in a ginning factory in Shandong was 10500-11800 yuan / ton, up 100 yuan / ton compared with last week.

The person in charge of the plant said that the cotton was better sold in the near future. Some small textile factories in the local and surrounding provinces and autonomous regions were actively purchasing cotton, and some of them could pay 50-60% in advance. The balance was generally guaranteed within 30 days.

It is understood that since April, the quality cotton in the Yellow River basin and Yangtze River Valley has been more sought after.

A Hebei cotton trader said that the current 2128B class Xinjiang hand picked cotton production price has reached 12750 yuan / ton, up 200 yuan / ton compared with the beginning of April, so some market participants believe that the cotton market will usher in spring blossoms.

I believe that the recent rise in cotton is the "self promotion" of a small number of manufacturers in some parts of the country, and the market has shown a trend of "rising to rest", which is mainly affected by the following two factors.

First, futures prices will continue to weaken, which is not conducive to the spot market of lint.

In April 11th, Zheng cotton futures ushered in a sharp rebound before the reserve cotton rotation. At the end of the close, Zheng cotton's main contract CF1609 closed at 10790 yuan / ton, up 415 yuan / ton.

But when the reserve cotton is about to turn out, the market is expected to have limited space to rebound, and futures prices will continue to weaken in the future, which is not conducive to the spot market of lint.

Two, the rules for the storage of cotton wheels have not yet been released, and the market has a strong wait-and-see sentiment.

It is learnt that the relevant departments of the state are making specific measures to test the weight and quality of cotton reserves according to the situation reflected by enterprises, so as to make them more suitable for market demand.

At present, the market continues to wait for the news of reserve cotton rotation, lint spot trading is sluggish, cotton enterprises have strong desire to ship, but helplessness of sales situation is poor, procurement of textile enterprises is still cautious.

Therefore, the author thinks that the market is experiencing a slight rebound, and the reserve cotton is around the corner. It is expected that the domestic lint spot will continue to operate in a stable way in the short term.