BINGTUAN Cotton Auction Review: 9 Days, 177 Tons.

9 days,

The Corps sold 3076.7223 tons of cotton for a total of 70 batches, and the total number of 4 batches was 177.4052 tons on the same day, with a turnover rate of 5.77%.

The highest paction price is 16910 yuan / ton, and the lowest paction price is 16410 yuan / ton.

As of September 9th, a total of 76911.1976 tons of listed resources were accumulated, with a total turnover of 3832.8569 tons, with a turnover ratio of 4.98%.

A closer look: cotton on the same day was stored in the 432 batch of 1 batches of 44.2753 tons of cotton and hand picked cotton in the Henan reserve materials administration; the 2 batches of 88.7164 tons in Yueyang directly under the China cotton reserve management company were hand picked cotton.

Henan Yu cotton logistics Co., Ltd., the 1 batch of 44.4135 tons, is hand picked cotton.

Same day

For 1126 (1 batches), 2126 (2 batches), 3126 (1 batches).

The increase was 10 yuan / ton on that day.

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It is reported that the current national cotton subsidy is expected to have no lower limit in the new year, and there is no policy support below Zheng cotton.

From the perspective of supply and demand, the cotton spot market has been sluggish recently, resulting in the atmosphere of the futures market empty. The details of the direct subsidy policy to be published will become the focus of the current game.

Approved by the State Council, the target price of cotton in 2014 has been announced to be 19800 yuan per ton.

The price division of the national development and Reform Commission introduced the target price subsidy, saying: from this year's situation, the market price is definitely less than 19800 yuan, how much lower and how much the state subsidize.

In this regard, Galaxy futures analyst Chen Xiaoyan believes that it is important to note that the market price corresponding to the target price is the average price. It does not refer to the selling price of each cotton grower alone. Therefore, we hope that we can grow cotton in various cotton varieties.

The price drop is not terrible. There are also subsidies.

Dong Shuangwei, general manager of Beijing Di AI Si Wu Cci Capital Ltd, believes that the firm launch of the pilot cotton target price reform is a brand new stage that China has consistently adhered to in the market reform of agricultural products (000061 shares).

The purpose is to give full play to the decisive role of the market in the allocation of resources under the premise of protecting the interests of farmers, and to decide the price formation to the market, so as to promote the coordinated development of the upstream and downstream industries.

In the future, the fluctuation of cotton market price will be more determined by its own supply-demand relationship and market participants, and the role of market regulation will be more changed to the "price premium separation" level.

In April this year, the state has made clear that the target price of cotton in 2014 is 19800 yuan per ton.

The form of subsidy and the specific operation process will be clearly defined by the implementation rules of Xinjiang's target prices. When the cotton market in China has entered the 2014/2015 year, the announcement of the rules will also be announced soon.