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Starting 19800 Yuan / Ton Starting Cotton Storage And Purchase

2011/8/31 8:50:00 45

In the early August,

National Development and Reform Commission

A meeting was held to clarify the cotton purchase and storage policy in the new year, that is, since September 1st, the purchase of new cotton has been opened according to the fixed price of 19800 yuan / ton.

19800 yuan / ton, called "

Policy bottom

"The national cotton reserve price is formulated by the national development and Reform Commission, the Ministry of finance, the Ministry of agriculture, the Ministry of industry and commerce, the Ministry of railways, the State General Administration of quality supervision and quarantine, the supply and Marketing Cooperative headquarters and the China Agricultural Development Bank at the end of March 2011, in the" 2011 cotton temporary purchase and storage plan ".

In August 8th, the China Cotton Storage General Corporation held a meeting in Xi'an, Shaanxi, to deploy the 2011 year.

Cotton temporary purchase and storage plan

Implementation

Work.

Yao Mingye, general manager of the company, spoke in a loud and clear voice: "mobilize comprehensively and make preparations for the temporary purchase and storage plan."

Yao Mingye said at the meeting: "the temporary storage and purchase plan is of great significance to the hosting enterprises, the cotton industry in China and the development of the national economy.

The plan stabilized cotton planting area, protected the interests of cotton farmers, ensured the income of cotton growers, and expected all parties to stabilize the cotton industry chain to ensure the orderly operation of the market.

The implementation of the temporary plan for cotton storage and purchase has been on the point.

Yao Mingye stressed that the temporary purchase and storage plan is a milestone in the reform of China's cotton circulation system. The central storage and storage company should take the completion of the state temporary purchase and storage as a political task and stand up to the test of the country and the test of the society.

No matter how difficult it is, the central storage and storage company must try its best to overcome the difficulties and ensure a good start for the purchase and storage plan.

From early 2010 to August 2011, unpredictable.

Cotton price

Almost all the people involved in cotton trading nightmare, from the 15000 yuan per ton to 34000 yuan, and now fell to the current 19000 yuan "roller coaster" market, let the cotton enterprises all hope that "car" heart trembling.

What impact will the 19800 yuan / ton purchase price start on the cotton market?

Reporters repeatedly called on the heads of relevant departments of the national development and Reform Commission, regretted that policy makers kept silence.

According to industry analysis, the main reason for the rise in cotton prices last year is the reduction of cotton production on a large scale in the world and the lack of domestic cotton.

The reason for the sharp reduction in cotton prices since March of this year is also based on the industry's expectation of China's cotton harvest this year.

According to the survey, cotton growth is good in most parts of China this year. Cotton harvest in Shandong, Hubei and Henan, especially in Xinjiang, is a foregone conclusion.

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According to Li Hui, general manager of Urumqi Sales Department of Wanda Futures Co., Ltd., 19800 yuan / ton should be the bottom of the policy.

Purchase and storage price

It was in spring and played a key role in stabilizing the cotton planting area this year.

When they studied in rural areas, they learned that cotton growers were very concerned about the policies of the state, and the trust of the 19800 yuan / ton purchase price of the national reserve foundation was much higher than that of the 30000 yuan / ton market at that time.

2010/2011 cotton annual cotton price is precisely at 18000 yuan / ton ~19000 yuan / ton price rise.

Therefore, compared with the price of 30000 yuan / ton, 18000 yuan / ton ~19000 yuan / ton is more rational.

As far as Xinjiang is concerned, this year's cotton harvest is a foregone conclusion.

On the whole, the yield per unit area increased by more than 20% over the previous year.

For the 19800 yuan / ton state reserve price to be launched in September 1st, Li Hui believes that the policy price is high.

Market value

On the low side, the overall price elasticity of the cotton market will be greatly reduced. Around 19800 yuan / ton, the spot price will fluctuate around 1000 yuan in the new flower purchase period.

In the face of fluctuating cotton prices, industry experts suggest cotton textile enterprises pay close attention to the trend of domestic cotton futures and the dynamics of cotton production. In order to prevent raw material cost risk, do a certain amount of cotton futures hedging, namely hedging, and the amount of research does not necessarily study the price. The key is to match with their production, do a good job in hedging and control their positions.

Although the downward trend of cotton prices now means that the cost of production is declining.

However, considering the need for enterprises to avoid operating risks, some experts suggest that cotton spinning enterprises with production orders next year should take part in hedging.

Because the current market trend is declining, enterprises can reduce the value of protection and buy hedge according to the 10% of the production scale. That is to say, 10% of the quantity of cotton needed for production will be hedged in the futures market, and then take the multi polar price strategy to operate, and then grasp it flexibly according to the market development trend.

Experts also stressed that hedging is a necessary means for enterprise management and control. It is not only a high-tech weapon for enterprise management risk, but also a double-edged sword. If used badly, it may cause great harm to enterprises.

Hedging has strict rules of operation, discipline and control. Enterprises should insist on not speculation or excessive trading.