Cotton Throwing Storage Started The First Day, The Market Is Not Ideal.

< p > the beginning of a thousand calls, < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > throwing storage began yesterday.

From the announcement of the paction situation, the first day of the auction, the paction is light, the paction ratio is only 5, the paction price is not ideal.

In addition, reliable information shows that China is considering the issuance of new cotton import quotas, of which the sliding tax quota will be linked to the auction and the 3:1 ratio.

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Less than P, the industry believes that dumping and future quota issuance are expected to balance the current distorted domestic and foreign cotton market, while the policy itself has limited impact on domestic cotton prices.

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< p > Monday is the first batch of new cotton reserves put into operation on the first day, and plans to sell more than 38000 tons of cotton reserves.

According to the relevant arrangements, the buyer must have prior qualification and maximum bid number before entering the market, and the reserve price for the sale of the reserve cotton is 19000 yuan / ton (standard grade), and the other grades of cotton are calculated according to the grade difference rate 3% and the length difference rate 1%.

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< p > yesterday, 20186.85 tons of cotton auction were completed, with a turnover ratio of 5 yuan and a price of 17500 yuan / ton -19600 yuan / ton.

In the view of a cotton spot enterprise, the auction is not good at the first day, and the paction is basically near the base price.

The person said that the first day's deal was light, reflecting a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > poor demand, but with the increase in the number of participating companies, the future turnover is expected to improve.

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< p > according to sources, the government is considering issuing new cotton import quotas for the new year, and the sale of state-owned cotton stores with the quasi tax cotton import quota 3:1 is a foregone conclusion.

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< p > Guotai Junan Futures analyst Lin Shujuan said that the dumping and storage were limited to the market, and the sale of reserve cotton was strictly prohibited, which only reduced the impact on the market.

"However, the release of reserves and quotas will, to a certain extent, balance the existing distorted domestic and foreign cotton markets."

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Joe Nicosia, head of the cotton trading division of Louis Da fir last Thursday, accused China of a large number of plans to hoard cotton, hindering the recovery of fragile industries and distorting global a href= "//www.sjfzxm.com/news/index_cj.asp" > cotton price < /a > P.

He believes that only when China stops hoarding cotton, will cotton be able to regain its rationality and demand can rebound again.

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< p > in September last year, China started the new cotton purchase and storage plan in the new year. As of yesterday, the total number of temporary storage and storage of cotton has reached 5608220 tons in 2012.

The negative impact of the policy has attracted some controversy. In some industry insiders, the purchase price has caused a significant deviation from domestic and foreign cotton prices, and the difference is as high as 5000 yuan / ton.

At the same time, the decline in the quality of new cotton has also increased the difficulty of the management of the relevant trading market.

With the implementation of new policies such as dumping and storage, such a situation is expected to be eased.

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< p > domestic cotton futures market rose slightly yesterday. The main contract of zhengmian 1305 contract was 19380 yuan / ton, up 80 yuan / ton or 0.41% compared with the day before yesterday's settlement price, 6630 to 182 thousand hands on that day.

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< p > it is worth noting that the January report released by the US Department of agriculture once again increased the end of this year's global cotton stocks, and the pressure of supply and demand continued to increase.

The report forecasts that the world's cotton production will increase by 25 million 873 thousand tons in 2012/2013, increase by 420 thousand tons, consumption of 23 million 92 thousand tons, reduction of 92 thousand tons, end of term inventory of 17 million 792 thousand tons, increase of 452 thousand tons, and global inventory consumption ratio will reach a new high, reaching 77.05%, higher than last December's 74.79%.

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< p > Shanghai mid-term analyst sees thunder, said that although the textile enterprise's confidence in the market has improved slightly, it is difficult to upgrade procurement demand in the short term.

Huge domestic cotton stocks still have a huge pressure on the market, and the policy of ending the end of March will reduce the supporting role of domestic cotton prices.

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