Many Textile Industries Choose To Wait And See On The First Day Of Cotton Storage.

< p > since January 14th, China's < a href= "//www.sjfzxm.com" > reserve cotton < /a > management company has put in reserve cotton through open auction mode through the national cotton trading market reserve cotton auction system.

In January 14th, the number of cotton reserves was 38062.27 tons, and the actual turnover was 20186.85 tons, with a turnover ratio of 53.04%.

The reserve price of the reserve cotton sold for sale is 19000 yuan / ton (standard grade), and other grades of cotton are calculated according to the grade difference rate 3% and the length difference rate 1%.

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< p > January 14th, the average grade of cotton reserves was 4.33; the average length was 28.5; the weighted paction price was 18405 yuan / ton, and the 328 class paction price was 19046 yuan / ton (public weight), which was 143 yuan / ton lower than that of CC Index 328.

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The storage price of < p > 20400 yuan / ton has made most of 2012/2013 cotton enter the national warehouse. As of January 14th, the state has collected and stored 5 million 600 thousand tons of new cotton.

The market expects that in 2012/2013, the total amount of new cotton collected by the state will account for 80% of China's total cotton output this year.

The storage of new cotton has greatly reduced the supply of domestic cotton market.

Due to the reduction of domestic cotton spot market resources and the steady rise in prices, textile companies have been expecting the state to put cotton reserves as soon as possible.

To meet the needs of textile cotton, the relevant departments decided to sell part of the national cotton reserves after the approval of the State Council.

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< p > the number of enterprises eligible to compete in the reserve cotton auction < a href= "//www.sjfzxm.com/news/index_s.asp" > paction < /a > is approved by the China Cotton Textile Industry Association, and is based on the annual yarn output of the textile and cotton enterprises.

To prevent the occurrence of "spinning cotton", the maximum number of bidders participating in the enterprise before March 31st should not exceed 2 months' cotton usage, and the reserve cotton is only for self use, not to be sold; the number of the largest bidder participating in the enterprise will be notified separately after March 31st.

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There were only 255 enterprises that were eligible for auction by P on January 14th. Only 74 enterprises actually concluded.

Reporters interviewed about the textile enterprises understand that the lower turnover rate of cotton on the first day is mainly due to: first, the middle and low grade cotton is mainly put into the market, and the cotton quality before 2011 is difficult to guarantee.

Second, the auction is tied up as a unit, a bundle of cotton needs millions of yuan of funds, for small and medium-sized textile enterprises, capital turnover is also a problem.

In addition, the previous rumors of throwing and storage with imported cotton quasi tax quota measures did not come out.

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< p > industry analysts believe that the future market situation is still uncertain, enterprises are still not optimistic about the market prospects, so that many a href= "//www.sjfzxm.com/news/index_c.asp" > textile < /a > enterprises are still in the wait-and-see view, the cautious attitude of throwing and storing.

At present, global cotton supply exceeds demand, and international cotton prices are at a low level.

In addition, the export of domestic cotton textiles was blocked, and the amount of cotton used in enterprises sharply reduced, which made cotton demand in a doldrums.

Under the policy support, cotton prices will remain stable in the future.

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