The Characteristics Of The "Policy Market" In The Cotton Market Have Become Increasingly Evident.

The Henan Textile Industry Association issued a "letter of help" to the national development and Reform Commission, putting forward suggestions to increase the intensity of the national cotton storage, and to investigate the malicious speculation of reserve cotton enterprises.

Since last week, the single day storage of national cotton reserves has returned to 30 thousand tons, a slight increase compared with the first half of July, and this trend is expected to continue. The 18 day cotton reserves plan is again over 30 thousand tons.

Perhaps by the national cotton store "heavy volume", yesterday's cotton fell slightly.

As of 18 days closing, zhengmian main force CF1701 received 15765 yuan / ton, down 0.97%.

However, from the perspective of futures trading positions, there is no sign of withdrawal.

Data show that, after 15 days to increase the number of more than 4736 hands, Huaxin Wanda futures seats 18 minus 4230 hand empty.

However, after continuous ups and down, the attitude of both sides began to be cautious. The total CF1701 position fell by 54 thousand.

The reason is not related to the turnover rate of cotton that is still high. After entering July, the turnover rate of cotton reserves is 100%, and the downstream demand has not yet been satisfied.

Due to the turnover of cotton throwing and storing, the cotton price fluctuated in a short time, which made the cotton market fall into the "policy market".

"Because of the need to carry out inspection for each package this year, the workload of the reserve cotton is huge, which slows down the speed of the public inspection. At the same time, the storage of cotton is out of stock, which also makes the warehouse storage income reduced.

Li Jifeng, Secretary General of Henan Textile Industry Association, told the economic report reporters in twenty-first Century in July 15th.

A state-owned cotton textile enterprise in Sichuan also pointed out in July 18th that when the reserve cotton was put into storage, it could reach 80 thousand tons a day, but now it can not reach 30 thousand tons.

Located in Anhui, Joyoung Logistics Co., Ltd. is one of the social storage warehouses of the central storage cotton plant. Currently, it has more than 60 thousand tons of reserve cotton stock.

According to the arrangement of China store cotton, Joyoung logistics will be responsible for 5000 tons of reserve cotton production this year.

"Now the warehousing of the warehouse has been completed, but more than 2000 tons have not yet been completed."

Liu Jianwei, head of the company's business, told reporters in July 18th that it was because the owner's bill of lading had not yet arrived, so cotton remained in the Treasury for the time being.

According to Liu Jianwei,

From auction to payment of deposit, and then to the order and delivery, it will take about twenty or thirty days to finish, and the speed of storing cotton can be imagined.

As to whether there is a deliberate delay, Liu Jianwei said, "the reduction of warehousing fee revenue is definitely inevitable. However, since the policy of filming has come down, it will not last long, and the impact of 5000 tons on our warehouses is limited."

Reporters learned that the national cotton store every year

It is 100 yuan / ton.

In other words, the annual revenue of Joyoung logistics will be reduced by 500 thousand yuan after the outturn.

Hebei Hengshui cotton and flax general company's situation is similar, although the public inspection has not yet ended, but the overall progress is relatively stable.

"The prescribed amount of work is 400 tons per day for public inspection. Since the beginning of May 3rd, the company has been following this amount."

Relevant person in charge of the company told reporters in July 18th.

Tianjin, who is directly under the central storage cotton store, told reporters in July 18th that "recently, the company has concentrated on dispatching some manpower. Compared with the earlier stage, the speed of the public inspection has been improved, and it will also open all the libraries that can be opened."

Further tracing back to

Before that, the cotton trading volume was more than 20 thousand tons per day.

According to statistics, from June 17th to July 5th, there were only 3 auction day cotton reserves over 30 thousand tons, and the remaining time remained at 20 thousand tons or lower.

Out of storage blocked and stacked reserves are not as good as expected, which eventually led to double uplink of reserve cotton sales price and cotton price.

However, from last week, the turnover of cotton reserves began to improve, with a turnover of more than 30 thousand tons per day for a week.