The Industry Calls For The Issuance Of Cotton Import Quotas To Save The Lost International Market.

One side is in the hands of traders.

There is no place for them to flow. On the other hand, the cotton spinning enterprises are "catching up with each other" and importing cheap cotton. The import quota has become the gap between the two.

For a time, the cotton textile enterprises including listed companies made an unanimous statement: the issuance of cotton import quotas to save the lost international market.

However, cotton futures experts poured cold water on reporters. "The state is looking for long-term interests, not the interests of certain enterprises. The issuance of import quotas is not a panacea."

Fried import quotas

At present, domestic cotton prices are hovering at 18 thousand and 300 yuan / ton line, and cotton prices in the United States and India are 14 thousand and 700 yuan / ton, 13 thousand and 800 yuan / ton, and domestic and foreign cotton prices are upside down 4500 yuan / ton.

In the eyes of ordinary people, the days of importing cotton traders should be extremely moist.

However, when a reporter found a medium sized trader Xu Fei (a pseudonym) in Nanjing, his first sentence was "I have planned to evacuate".

Xu Fei mainly engaged in textile raw materials, and cotton prices soared in 2010. He also came in and turned himself into a cotton trader, mainly importing cotton from the United States.

"From September of that year, domestic cotton prices rose all the way, from 18 thousand yuan / ton to 30 thousand yuan / ton, the highest point even to 34 thousand yuan / ton, fool can also make money.

But at that time, I had just come into contact with this industry, and I didn't dare to take too much money.

Xu Fei said.

In September of 2011, the cotton bull market ended abruptly and plunged from 34 thousand yuan / ton to 19 thousand yuan / ton in December.

Fortunately, Xu Fei's risk control is relatively strict. When cotton prices are at a high level, inventory is reduced, leaving only about 1000 tons of cotton on hand. "At the end of the year, no money was made in 2011."

After the ups and downs, Xu Fei wanted to fight again this year.

On.

He told reporters that "cotton trade enterprises in addition to" Chinese "prefix, there is no import quotas.

Large processing plants will have import quotas, but they are affected by foreign trade rights and credit lines, and the number of imported cotton is limited.

Therefore, Cotton Traders imported cotton, plus cotton textile enterprises or processing plant quotas, to complete a paction.

But now, because there are no import quotas, many cotton traders in Nanjing are left with tens of thousands of tons of cotton on hand.

Under such circumstances, "quotas" came into being.

According to Xu Fei, "at present, an import quota in Nanjing market has been fired to 3500 yuan / ton, plus the original import price of the United States and India is not far from the domestic market price of cotton, so we can see its craziness."

Large cotton enterprises in trouble

It is not just traders who worry about importing quotas, but large cotton textile enterprises are also trapped here.

The reporter learned that, at an institutional exchange meeting in June, Huafu color spinning (002042) executives admitted that "the import quota of the company has been exhausted.

The reasonable gap between domestic and foreign cotton prices is around 2000 yuan / ton, but now it has already reached 4-5 yuan / ton.

According to the researcher, the proportion of cotton imports was 20% and Xinjiang cotton accounted for 50%.

Although the company said that the specific quota of import quotas could not be disclosed, it would not be enough.

In addition, the company's main product is colored spun yarn, and cotton accounts for more than 70% of the business cost.

In addition, the proportion of direct exports is close to 40%, the proportion of indirect exports is higher, and orders are mainly from overseas.

The big difference between inside and outside, and the low import quota will undoubtedly affect the overseas market share of the company. "

Reporters learned that at the end of May, an internal meeting of the cotton industry, Sun Weiting, chairman of Huafu color spinning, called for "if the government is willing to put more than 100-200 tons of quotas into the industry in the second half of the year, the price difference between domestic and foreign cotton will shrink."

According to the insider, Sun Weiting has submitted his views on increasing import quotas to the government.

In fact, the call for the issuance of quotas for cotton imports has been heard repeatedly.

The head of a cotton mill in Henan also said, "the proportion of cotton used in 1-3 months in the factory reaches 65%, while Xinjiang cotton and real estate cotton only account for 35%, but import quota is tight in 4, 5 and June, and the proportion of imported cotton is down. In the late June, only 35% of the cotton accounts for cotton, and the proportion of Xinjiang cotton has risen to more than 40%, but the price of Xinjiang cotton is high. We hope to give more quotas, Matsumatsu."

Cotton price game

Yesterday, a Zhejiang cotton futures expert told reporters, "after China's accession to the WTO, cotton import quotas include 895 thousand and 800 tons of quotas within the tariff, and tariff quota quotas according to the actual situation.

In the first two years, the total number of cotton import quotas in China was 3 million 650 thousand tons, reaching 3 million tons in the first half of this year.

In fact, cotton import quotas have increased quietly. "

In his view, the state controls cotton import quotas, focusing on long-term interests, not the interests of certain enterprises.

"At present, a large number of cotton has been hoarded in China. This year, the proportion of China's cotton stocks accounted for 75% of the world's stock, most of which are in the reserve.

If the issuance of import quotas does not boost the peripheral cotton market, it will impact domestic cotton prices. "

He stressed, "moreover, at this stage, whoever gains more import quotas will gain more profits."

The above sources told reporters, "for the issue of additional quota quotes, the NDRC officials recently said privately that they would not throw their stores or increase import quotas in the absence of a cotton price."

He judged that after the new year's storage in September 1st, cotton prices should rise slowly under the stimulation of the purchase price of 20 thousand and 400 yuan / ton.

This year cotton production is reduced and cotton prices are supported.

The futures trader said frankly, "protecting the domestic cotton industry and maintaining the domestic level."

Competitiveness has always been a contradiction in the issue of quota issuance.

The proportion of internal and external sales of China's cotton spinning enterprises is 2:1. Domestic demand is stable this year, and external demand is not strong. This is the main reason why cotton spinning enterprises are in trouble.

At present, the international cotton industry has migrated from China to Indonesia, Pakistan and other countries. This also forces the industry itself to accelerate pformation and upgrading, and enhance the added value and competitiveness of products in the industry.