What Are The Reactions Of The Parties To The Extension Of Cotton Reserves?

According to China

According to the association, the national development and Reform Commission and the Ministry of Finance jointly issued a notice, according to the domestic cotton supply and demand at the recent stage.

After changing the situation, it is decided to extend the rotation time of the cotton reserves for a month, and the total annual output is not limited to 2 million tons, and the final number of actual turnover will prevail.

market rumors

The news of the lengthening of the wheel was finally confirmed. When the news was released, it immediately triggered a wide spread of the circle of friends and heated discussions.

Of course, the reactions of the cotton spinning industry chain are different.

Cotton enterprises

A head of a cotton enterprise in Xinjiang said that extending the time of reserve cotton rotation would undoubtedly have a greater impact on cotton enterprises. In recent years, Xinjiang cotton enterprises began to buy processed seed cotton in September. When all the cotton ginning mills compete for new cotton resources to compete for the bid, this year, extending the storage cotton rotation time will bring some pressure to the purchase price of seed cotton.

According to the announcement of the 2016 announcement on the rotation of cotton reserves in the state, ninth, in principle, every year, from March to August, the national statutory working day arranges the sale of reserve cotton for sale.

If it is postponed to September this year, it will undoubtedly reduce the sales cycle of cotton reserves, which will pressure the sales of enterprises.

Trader

In the 5-6 month, there was a shortage of commodity cotton resources in the market, and cotton prices rose rapidly. In order to find a high price for commercial opportunities, non-woven enterprises were competing for textile products.

A recent week's report shows that the high proportion of traders bidding has not changed.

Will the storage time increase a month? Will it affect its business strategy?

A trader in Shandong said that part of the auction resources were to be photographed for the textile enterprises, and some of them were left for sale. If the extension of the rotation time and the increase of market supply were made, the cotton market would be cooled down.

Textile enterprises

The rapid rise of cotton prices directly increased the raw material costs of cotton textile enterprises. However, the prices of raw materials increased slowly in downstream weaving mills and other aspects, and the international competitiveness of cotton textiles was weakened, and export orders were reduced, thus forming another round of impact on domestic textile enterprises.

In this case, nearly 150 cotton textile enterprises in Hubei, Hunan, Shandong, Hebei, Zhejiang, Fujian, Jiangsu, Guangdong and other places call cotton textile industry association in China in the form of telephone and joint letter, hoping that relevant government departments can increase supply and ease the problem of excessive cotton prices and shortage of resources.

Now, the extension time of cotton reserves has finally been confirmed, and the sales of textile products will usher in the "second spring", and the heart of its hanging will finally come to the ground.

At present, the announcement of extending the time of reserve cotton rotation has been released, and the impact of the policy is still fermented further. What will happen to the domestic and international cotton market in the coming period?