State selling reserve cotton not ideal in recent days

Yesterday, the National Development and Reform Commission issued a message that to protect supply, stabilize the cotton market, May 20, the National Development and Reform Commission, The Treasury decided to put 1.523 million tons of national reserve cotton into the market, and in accordance with the recent sale of cotton and textile enterprises in cotton demand, the state authorities decided that, since May 31, will reserve cotton auction reserves adjusted to 12600 yuan/ton, increase the reserve of cotton, especially the number of high-grade cotton, and refine the bid,　　To meet the various types of enterprises on the quality of cotton, the number of different needs. However, it is worth noting that as of June 3, the state selling reserves of cotton has more than 10 days, but the situation is not satisfactory.　　Since June, the sale volume of 30,000 tons a day, its turnover is only about half, and the daily auction volume is decreasing trend. June 1 and 2nd, the National Cotton trading market launched 24028.875 tons and 29035.743 tons of reserve cotton, but the two-day turnover is only 17552.061 tons and 14243.559 tons respectively.　　At the same time, the major storage warehouses of the transaction prices have a certain decline.　　One of the storage warehouses in Tianjin Zhili, a person said, although the reserve cotton sold in the last two days, the level of resources, the length of the increase, but prices have slipped. Cotton supply and demand gap in the 2008 cotton early in the year, affected by the international financial crisis, textile exports decline, weak cotton demand, market cotton prices fell, the country in October 2008 to start a stockpile of some of the reserves of cotton and other measures, to date the cumulative acquisition of 2.7 million tons of reserve cotton. The move has contributed to a rebound in cotton prices.　　Market cotton from last year the lowest 9500 yuan per ton, rose to the current level of 13000 yuan per ton. With the recent rebound in domestic cotton prices to accelerate the market, cotton resource tightening, the next stage in the market cotton supply and demand gap. In order to protect the supply, stabilize the cotton market, the relevant departments have done a reserve of cotton out of the library plan. will be in accordance with the State Council's "guarantee market supply and not to suppress the price of the principle", timing put part of the reserve of cotton, to protect market supply, to meet textile needs, stable cotton city people familiar with the situation, in the previous survey of cotton storage, the current cotton commercial reserve is 1.1 million tons,　　and the current domestic monthly cotton volume in general in more than 700,000 tons, which means that by June around the domestic cotton sold.　　To be released according to the market arrangement China Cotton Outlook information consulting company analyst Li Ren said that despite April by the U.S. dollar index decline, the U.S. stock market and the overall rise in commodity futures market impact, the international cotton spot prices rose, but still less than the domestic market of about 2132 yuan/ton. Li Ren said that the actual final transaction price is expected to be 13000 yuan/ton. "The reason is that textile enterprises are still not smooth export, business is still difficult, but selling the reserve cotton will stabilize the market price, because before the expected cotton prices will rise up." "Li Ren said that the current market cotton is about 700,000-800,000 tons, but also in some futures companies or distributors in the hands of the more dispersed, but the national reserve cotton is relatively sufficient. National Reserve CottonLast year bought 2.7 million tons of lint, plus a few years ago reserves, a total of about 4 million tons of reserve cotton. The first textile network analyst Wang Jin said that, since this year, downstream enterprises on the domestic demand for cotton has not increased, the reason for this is because the country last year to increase the reserve of cotton, the domestic cotton production in 7.5 million-7.8 million tons, the national reserve cotton to reach 3 million tons,　　And before the annual reserve volume is generally only hundreds of thousands of tons, the state reserves to increase the market circulation greatly reduced, so in the new cotton before the listing appeared lean situation, generally every year from May to September is the new cotton alternating process with cotton tense period. The National Development and Reform Commission formally announced the expansion of the reserve cotton market information, textile enterprises generally welcome the attitude. The NDRC also announced yesterday that the National Reserve cotton inventory is abundant, the relevant departments will be in accordance with the cotton market changes, reasonable arrangement of reserves of cotton stocking quantity, structure and the layout of the storehouse, to meet the needs of cotton textile enterprises.