Domestic Cotton Market Changes Have Attracted Much Attention From Cotton Enterprises

< p > recently, cotton purchasing processing enterprises in Hengshui and its surrounding areas of Hebei have rushed to pay for the storage and end of storage. The < a href= "//www.sjfzxm.com/news/index_f.asp" > seed cotton < /a > the purchase price and the purchase quantity both showed a gradual downward trend.

Some cotton enterprises began to pay attention to the change of the market of Zhengzhou cotton and wanted to enter the futures market in good time.

In another 7 trading days, the state procurement and storage of 2012/13 will be officially concluded.

Local cotton enterprises have gradually reduced the purchase price and quantity of seed cotton, and made efforts to process lint, and tightened up inspection and group approval to replenish and replenish the reserves of a href= "//www.sjfzxm.com/news/index_p.asp" > lint < /a > cotton bags, so as to catch up with the completion of the national storage and pportation work in the current year before the end of March.

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< p > 21 days, local weak 3 grades of seed cotton (lint percentage of 37%, moisture regain 9%) bid price 4.15 yuan / Jin, 4 seed cotton (lint percentage 36%) bid price 3.95-3.97 yuan / Jin, flower price quoted 3.93-3.95 yuan / Jin, compared with the same period last week dropped by 0.03-0.05 yuan / Jin.

Over the past week, the number of local cotton enterprises has been below 20 thousand jin, and some are only thousands of Jin, which has decreased significantly compared with the same period last week.

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< p > in addition, the purchase price of seed cotton in local and surrounding areas has decreased recently, part of which is due to the decline in prices of related commodities in futures and peripheral markets, and the sale of local by-products is decreasing.

Recently, the sales price of local cottonseed was about 1.25 yuan / kg, which did not change much compared with the same period last week. The sales price of grade 4 cottonseed oil was 7500 yuan / ton, a decrease of 50 yuan / ton compared with the same period last week; the sales price of two cotton lint was 3850 yuan / ton, compared with the same period last week, 50 yuan / ton; cottonseed meal sales price 2500 yuan / ton, compared with the same period last week decreased by 50 yuan / ton; cotton shell 1020 yuan / ton, compared with the same period last week dropped by 30 yuan / ton.

According to the wastage rate of 2% and acquisition processing cost of 600 yuan / ton, the cost of 4 grade lint is 18300 yuan / ton.

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< p > there are also some cotton enterprises in the region who are working to stop the storage. Meanwhile, they actively expand their sales channels and turn their attention to Zhengzhou Futures electronic disk market.

Since the end of February, Zheng cotton futures market has started a rising market. Although the rate of increase is not as fast as that of January, the settlement price of CF1305 reached 20455 yuan / ton on the 15 th of this year, which has exceeded the national cotton temporary purchase and storage price this year.

It is now up to May for the acquisition and quick processing to be delivered in May. The interest rate for two months is 18500 x 10% x 12 x 2=308 yuan / ton, the license Rule 4 level replacement delivery should be 500 yuan / ton, the short distance pportation cost is 50 yuan / ton, the warehousing fee is 20 yuan / ton, the warehousing fee is 20 yuan * 5=1.6 yuan, the inspection fee is RMB yuan / ton, the delivery cost is RMB yuan / ton, the paction fee is 5=1.6 yuan / ton, the trading margin ratio is calculated according to the calculation (the proportion of the guarantee fee is close to the distance delivery month). At present, the acquisition and processing cost of cotton grade 4 lint is basically around 18500 yuan / ton, while the local large cotton enterprises have a 10% annual interest rate.

In the above calculation, the delivery cost, paction fee and margin ratio are all based on the rules of Zheng Shang, and the futures brokerage companies are charged on the standards promulgated by Zheng Shang.

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< p > of course, the above calculation does not take into account the rigidity and impurity of cotton processing enterprises. If this factor is taken into consideration, the profit can not exceed 1000 yuan / ton, and the cotton processing enterprise's < a href= "//www.sjfzxm.com/news/index_s.asp" > lint fiber < /a > length should not be less than 28 milli meters.

Recently, the CF1305 settlement price of Zheng cotton futures has been hovering at 20200 points. Compared with the previous 20455 highs, it has only shrunk 255 yuan / ton, and the delivery profit is still around 800 yuan / ton, which is equivalent to the storage profit.

Driven by interest, some cotton enterprises have hedged in the futures market earlier, and plan to increase the purchase amount of seed cotton in price in the near future, so as to prepare warehouse cotton and prepare for early delivery in May.

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