Temporary Storage Of Cotton And Wait-And-See Sentiment

Cotton last year Skyrocketing The crazy market is also human. Be still fresh fresh in one's memories The new season of cotton has arrived. To stabilize cotton prices, cotton was temporarily launched in September 8th. store up 。 A week passed, but the reporters found that most of Wuhan's textile enterprises have not yet opened up the scale purchase market. Wait-and-see mood Strong.

As early as March this year, the 8 departments of the NDRC and other departments decided to carry out the storage of cotton in 13 cotton producing provinces and autonomous regions, including Hubei, to implement the temporary cotton purchase and storage price in 2011. The price of standard grade lint to the warehouse is 19800 yuan per ton, and the reference price of the corresponding seed cotton purchase is about 4.2-4.3 yuan / Jin.

"After the holiday, the purchase price of Hubei has risen to about 4.3 yuan per catty," the Wuhan Cotton Association official told reporters: "now Shandong and Henan enterprises are buying. There are only 2 out of 400 local businesses in Wuhan, and the volume of purchase is very small, and the enthusiasm of cotton growers is not high. "

But last year, the craziness of the cotton market still made the wait-and-see atmosphere in the new cotton season especially. strong 。 Cotton Association recalled: "cotton last year has risen to 34 thousand yuan per ton, and this year 6 to August, the price has dropped to 24 thousand yuan, many cotton textile enterprises also because of a large number of stockpiles of goods in deep trouble."

Liu Jiang, head of procurement at Wuhan Jiangnan textile company, said: "last year's lesson let textile enterprises only dare to buy with them, and cotton stocks usually have only one month's consumption. We may have to wait until October to buy new cotton, and prices will be really stable then.

On the other hand, cotton growers have high expectations for this year's prices. According to the 14 day survey of Meyer futures brokerage company, the psychological price of cotton farmers in Hubei is 4.5 yuan per catty, and some cotton growers expect more than 5 yuan.

Wuhan Cotton Association Tan secretary general told reporters: "from cotton farmers to cotton dealers, and then to cotton textile enterprises and other downstream industry chain, every year there are goods hoarding behavior. But last year's boom and fall brought us a bloody lesson. This year's national temporary purchase and storage policy aims at stabilizing cotton prices, and the industrial chain should learn from each side. follow Market rules, do not have gambling psychology.