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Cotton Forms A Dynamic Balance Mechanism Under National Storage And Storage.

2011/12/12 9:15:00 14

At present, the actual state purchase and storage pactions are still more than 30 thousand tons per day. In December 8th, the total amount of storage and storage was 1 million 320 thousand tons.

In the national reserve and spot market, a dynamic balance mechanism has been formed.

That is, the spot downturn is below 19800 yuan, the enterprise sells reserves, the cotton in the late spot market is less, cotton prices have rising conditions, spot cotton prices rebound to above 19800 yuan, enterprises will sell on spot, stop delivery reserves, increase spot cotton, and cotton prices are difficult to go up.

If we continue to purchase and store 40 thousand tons per day in the future,

Calculation

It can store and store 800 thousand tons a month. If it stays for three months, by the end of February, the domestic cotton reserves will reach 3 million 500 thousand tons, plus 1 million tons of imported cotton purchased by the State Reserve, and the total amount of national cotton purchase can reach 4 million 500 thousand tons.

During the storage period, the textile enterprises are still consuming cotton.

According to the usual situation in the past years, the cotton consumption in the national textile year is about 10 million tons, and this year consumption is obviously reduced. If we calculate the annual cotton consumption by about 30% tons according to the reduction of 30%, the cotton volume will be 600 thousand tons per month.

In the 7 months of the whole year, textile enterprises can consume 4 million 200 thousand tons of cotton.

In this way, the total amount of 3 million 500 thousand tonnes of national storage and storage and 4 million 200 thousand tons of normal consumption totaled 8 million 700 thousand tons.

Considering that domestic cotton output will be between 7 million 300 thousand tons and 7 million 500 thousand tons this year, if quota policy is not big enough.

change

Then, in the second half of next year, the cotton resources on the market will be tight.

According to the US Department of agriculture's report on cotton supply and demand in November, the world's cotton output will reach 26 million 974 thousand tons in 2011/12 and consumption of 24 million 880 thousand tons. The end of the world's cotton inventory will reach 11 million 965 thousand tons, an increase of 28 thousand tons from last month, when the annual supply exceeds 2 million 94 thousand tons.