Low Inventory Of Commercial Stocks And High Enthusiasm For Reserve Cotton Auction

Starting from May, the auction of enterprises has high enthusiasm, fierce competition and high turnover rate.

Because of the low inventory of raw materials and strong willingness to replenish the stores, the rotation of reserve cotton has made the market available for replenishment, while the turnover of commodity cotton turnover is still decreasing.

Since June, with the large number of Australian cotton coming to Hong Kong, the quantity of cotton in port and Macao has increased, and the price is relatively strong.

As the price linkage between cotton and domestic products increased, the price difference between domestic and foreign cotton basically remained at a stable interval. Therefore, imported cotton will continue to maintain a lower import volume in the coming months.

The Logistics Association of China Cotton Association has investigated the inventory of 178 warehouse members in 18 provinces and cities nationwide. By the end of June, the turnover of commodity cotton turnover was 497 thousand and 700 tons (including 180 thousand and 200 tons in the inland bank and 317 thousand and 500 tons in the Xinjiang Library).

And Chen Mian), a decrease of 235 thousand and 500 tons or 32% from the previous month.

The total turnover of cotton in Xinjiang cotton is 421 thousand and 800 tons, accounting for 84.8% of total imports, 13% of imported cotton and 2.2% of real cotton.

Accordingly, the total inventory of cotton turnover in the whole country was 507 thousand and 200 tons, a decrease of 240 thousand tons from the previous month.

Since May 3rd, the cotton reserves have been issued.

The proportion of imported cotton reached 100%, and the proportion of domestic cotton reached a turnover rate of 98.26%.

Since the end of June, textile enterprises competitive auction reserve cotton price increases actively, and the proportion of reserve cotton paction is maintained at 100%, the paction price of reserve cotton is gradually rising, and the average price of reserve cotton paction still remains above fifteen thousand.

According to statistics, as of July 22nd, the cumulative turnover of cotton reserves totaled 1 million 477 thousand and 100 tons, and the total volume of imported cotton was 296 thousand and 300 tons, and the total turnover of domestic cotton was 1 million 180 thousand and 800 tons.

According to the total amount of 2 million tons, the resources listed in the last twenty-seven working days can only be about 500 thousand tons, and the amount of listed resources will be less than 20 thousand tons. But up to now, there is no reduction in the quantity of cotton reserves listed. If the amount of 500 thousand tons per day is listed, the amount of reserve cotton will be increased by 300 thousand tons by the end of August.

Because of this round, traders, ginning mills and warehouses can participate in the auction. Enterprises are actively raising prices. Many textile enterprises complain about the reserve cotton because of the participation of traders.

The textile association has also called for increasing the supply of reserve cotton and extending the delivery time.

The previous policy is that the current round of reserves will not exceed 2 million tons of cotton production. The end time will be August 31st. But from the current cotton resources listed daily, the increase in the amount of late cotton reserves will become a big probability event.