The Impact Of China'S Policy On The Foreign Cotton Market

< p > since April 19th, the departments concerned have begun to put 2012 of the national cotton reserves and 2011 imported cotton into the market, and in the new dumping contract, it is indicated that the reserve cotton can be dispensed between enterprises at < a href= "//www.sjfzxm.com/" target= "_blank" > textile < /a >, but it is not mentioned whether the 2012 cotton reserves can generate Zhengzhou and matching warehouse receipt, allowing the adjustment to indicate that the national cotton can be circulated in the spot market, but how to avoid the electronic disk on the national cotton storage is the key to the problem.

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< p > from the present point of view, the pressure of the market is mainly in the following aspects: first, the Chinese government explicitly throws the store to the end of July 31st, and plans to throw the total amount of storage to 4 million 500 thousand tons, so that the ICE disk pressure downward; two, the poor earnings of listed companies and the manufacturing industry data is not optimistic, so that the industry's worries about the global economic recovery intensify; three, the India textile minister said that India cotton state owned company (CCI) will put cotton inventories into its domestic market recently, and solve the contradiction of "insufficient supply" which is expected to appear in 5 and June.

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< p > several large and medium-sized foreign businessmen believe that the high level Xinjiang cotton that was collected in 2012 will meet the needs of China's cotton textile enterprises at the same time because of the strong idea of the Chinese government's willingness to store and store the cotton reserves in the 4-7 month plus the storage capacity of the big countries. Meanwhile, the sale of bonded cotton and shipping cotton in the short term cotton, Brazil cotton and the United States cotton will encounter great resistance; while the relevant departments of China will be sliding tariff less than a href= "//www.sjfzxm.com/news/index_s.asp" > Import > /a > quota for many batches and monthly issuance, unable to form a large number of procurement and signing contracts. The support for ICE and foreign cotton spot rising atmosphere will not be enough, and the ICE main contract will still oscillate near 85 cents.

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< p > it is understood that on the 17-18 day, India's domestic Shankar-6 ginning factory picked up a price of 38200 rupees /candy, about 90.40 cents / pound, and the quotation rose 90 cents / pound overall.

As India cotton exports were "oversold", domestic supply or problems occurred in 5 and June, so cotton prices in India rebounded nearly 2 cents / pound in recent days.

According to statistics of India textile industry department, as of April 15th, the actual registered export volume of India cotton has reached 880-890 million packages (149.6-151.3 million tons), which is higher than the expected export volume of 200 thousand tons at the beginning of the year. Therefore, the relevant departments must control the expansion of cotton exports on the one hand, and accelerate the input of state-owned cotton stocks on the other hand, and solve the raw material difficulties of cotton textile enterprises.

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< p > the industry believes that although last week's < a href= "//www.sjfzxm.com/news/index_c.asp" > Mei cotton < /a > signing and shipping data is very good, but the international cotton and ginning enterprises self shipment and the operation of lint is the main, there are not many "substantive" contracts and intentions. Therefore, most of them will enter the bonded area after arrival, and the quantity of direct imports by cotton mills or traders is not large.

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