China Cotton Storage and Storage Deal 1 Million Tons

China Reserve Cotton Management Co., Ltd. started this year's cotton temporary storage plan on September 8, 2012, and began trading on September 13, nearly one month earlier than last year. The volume of transactions has gradually increased. The daily trading volume has stabilized at over 70,000 tons since September 29. At present, the cumulative turnover has exceeded 1 million tons, which is 150 times the same period of last year.

Jia Junbin, general manager of cotton logistics company Qingdao Hongchuan Logistics, told Ben Wang that the temporary purchase price of new cotton this year is 20,400 yuan/ton, which will continue to exist in the coming months and will continue until March next year. The storage price this year is even higher than last year, last year was 19,800 yuan per ton. Due to the high purchase and storage prices, farmers have high enthusiasm for deposits, and the market-taking effect of purchasing and storage is obvious.

According to China Reserve Cotton, 2012 was the second year of implementation of the cotton temporary storage and storage policy. The basic income of cotton farmers' cotton was effectively guaranteed, and domestic cotton prices remained basically stable. Since the start of the storage plan, the average price of domestic seed cotton has basically stabilized at about 4.2 yuan/kg, and the price of knack for cotton has risen by nearly 3%; the price of domestic grade 328 cotton has increased from 18,856 yuan/ton on September 13 to October 18. 18,788 yuan / ton, a slight increase; Zheng cotton ** recent month contract from September 13, 18,630 yuan / ton, up to October 18, 19,310 yuan / ton, an increase of nearly 4%.

According to the analysis report issued by the Galaxy on the 17th, up to now, China National Cotton Corporation has signed large-scale contracts with China Cotton Group Co., Ltd. and the Xinjiang Production and Construction Corps Cotton and Maui Company. The initial intentions are 300,000 tons and 600,000 tons respectively. . The large single contract storage and storage of cotton are stored on-site in the company's warehouse.

However, at present, as storage and storage capacity increases, storage and storage capacity problems become difficult. According to China's grain reserves, due to the periodic supply oversupply during the centralized listing of new cotton, coupled with the current market price is still lower than the storage and storage price, and textile demand is unlikely to improve significantly in the short term, it is expected that cotton processing enterprises will be mainly based on deposits. Coupled with the large number of original stocks, the problem of insufficient reserve capacity will be more prominent, and the storage and storage work will face unprecedented pressure.