The cotton purchasing and storage price is increased by 600 yuan/ton, and the textile stocks are all linked to red

At present, although it is not yet possible to estimate the impact of the increase in cotton purchasing and storage prices on the textile industry, from the perspective of the A-share market, the increase in the price of cotton purchasing and storage is obviously a good thing for the listed companies in the textile industry.

On March 1st, the National Development and Reform Commission announced the preliminary cotton purchase and storage plan for the 2012 cotton year (September 2012-August 2013). It was clarified that the temporary cotton price for 2012 was 20,400 yuan per ton, 600 more than last year. Yuan / ton.

After the news was announced, the stock prices of listed companies in the textile industry were all linked to red, and the gains were gratifying. Among them, Sanfang Lane ranked first in the market, with an increase of 5.07%; Lutech A rose the second place with an increase of 4.28%; In addition, Huamao and Xinhuajin’s share price rose by more than 3%, 3.19% respectively. And 3.13%; while ST Zhongguan A, Fujian Nanfang, Xinye Textile, Fengzhu Textile, Vosges, Leading Shares, Jiangsu Sunshine, Shandong Ruyi, Veken's elite share price increase are all above 2%.

In an interview with a Securities Daily reporter, Zuo Zhipeng, executive secretary of Huamao Co., Ltd., said that the increase in the storage and storage price should be positive for the cotton planting area in the next cotton year.

Raising the price of storage and stimulating cotton to stimulate cotton production Once the cotton price had fallen to a low point, the move by the cotton farmers to raise seedlings worried the market and whether there would be a shortage of cotton supply in 2012.

However, the current 2011 interim reserve is nearing completion. As of the end of February, the country has collected and stored 2.69 million tons of cotton, including 1.55 million tons of Xinjiang cotton, which promoted the recovery of cotton prices and the smooth operation of the market, effectively protected the interests of cotton farmers, and achieved the expected policy goals.

Approved by the State Council, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture, the Ministry of Industry and Information Technology, the Ministry of Railways, the General Administration of Quality Supervision, Inspection and Quarantine, the Supply and Marketing Cooperative and the Agricultural Development Bank of China jointly issued the 2012 annual report (9 of 2012). (Month-August 2013) Temporary purchase and storage plan for cotton. It is clear that the interim purchase and storage price of cotton for 2012 is 20,400 yuan/ton, which is 600 yuan/ton higher than the previous year. The plan also further improved the implementation of the region, quality standards, etc.

According to the Development and Reform Commission, the timely release of the reserve and storage plan and the increase in the reserve price will help to further protect the enthusiasm of cotton farmers, stabilize this year's cotton production, and promote the stable operation of the domestic cotton market.

According to the development and reform commission’s economic and trade department, China’s temporary cotton purchase and storage policy was approved by the State Council in 2011 and implemented. This policy normalizes the previous measures for temporarily collecting and storing lint in the main producing areas, announces the closing price in advance and opens the store, and the cotton that is stored and stored can be put in time when the market needs it to stabilize cotton production, operators, and use. The cotton business market is expected to protect the interests of cotton farmers and ensure market supply. The implementation period of the cotton temporary collection and storage policy is from September to March of the following year, that is, the main period of cotton sales.

China Investment Advisor Light Industry Researcher Xiong Xiaokun told the reporter that the National Development and Reform Commission raised the temporary purchase and storage price of cotton is nothing more than to stimulate the cotton farmers' enthusiasm for planting cotton. It plays a supportive role for cotton prices and forms a “supporting market” effect. It can be said that Measures can play a role in maintaining the stability of cotton prices.

“It is difficult to push the price of cotton to fluctuate by a price of 600 yuan. On the one hand, due to the lower operating rate of downstream cotton textiles, the market demand is weak. On the other hand, the international cotton price is 2,000 yuan/ton lower than the domestic price, and domestic textile companies or most acquisitions Outer cotton further reduces the demand for domestic cotton, said Xiong Xiaokun, a light industry researcher with China Investment Advisors.

Rising storage prices will boost cotton prices China Investment Advisor Light Industry Researcher Xiong Xiaokun believes that the increase in storage and storage prices will cause domestic cotton prices to rise slightly, which will, to some extent, increase the cost pressures of the textile industry, including Weiqiao Textile, The impact of cotton textile enterprises such as Huafang Textile and Changshan Shares is relatively straightforward. In addition, the recent spinning rate of spinning mills in Shandong and Hebei has been maintained at 6 to 70%, and the inventory of cotton yarns will increase in the later period, further weakening demand.

According to a person in charge of a department of textile companies, even if the price of cotton rises, it will not immediately affect textile companies. This requires a process. From cotton production to cotton cloth to ready-to-wear production, this requires a conductive process. During this conduction phase, there will be a lag.

Some market analysts have analyzed that current cotton demand is still weak, and the low cotton lump purchase after the first quarter of orders for the downstream cotton spinning companies has passed. Although textile companies have quotations but their enthusiasm for purchases has decreased, the spot market has returned to coolness. The enthusiasm of the processing enterprises for deposits began to rise, and the sales of cotton yarn and grey cloths were general. Under the shortage of resources and difficulties in sales, the textile enterprises were faced with more difficult operations. Therefore, domestic cotton prices will continue to be under pressure in the short term.

At present, domestic apparel orders for foreign trade are obviously insufficient, resulting in a persistently low trading atmosphere in the domestic gauze market, and sales volume is lower than expected. Insufficient start-up of downstream gauze companies is more common. The prices of medium and small-sized gauze manufacturers have lowered their quotas and their mentality of accelerating shipments has been enhanced. This shows that demand has not been effectively restored. The market has deepened concerns about cotton demand.

"Combined with the trend of cotton futures both inside and outside, the impact of the current cotton price trend in this year's cotton is not easy to judge," said Zuo Zhipeng, executive secretary of Huamao.

Some people in the industry believe that China has already mastered more than 70% of the current global market's effective resources due to a large number of reserves. With the passage of time, the resources of the exporting countries will decrease, and this proportion will continue to increase. China, which has a lot of cotton resources in its hands, will have stronger control over cotton prices. The cotton market may be more optimistic.

Chong Xiaoting, a light industry researcher with China Investment Advisors, told reporters that it is necessary for textile companies to form an effective connection with the cotton farmers in the market and agricultural sectors, forming a symmetry of news and realizing a dynamic balance between supply and demand. Higher prices for cotton storage and storage will increase the cost of chemical fiber raw materials. It also affects the downstream product prices to some extent.

Zuo Zhipeng, executive secretary of Huamao Co., Ltd., said that the increase in the closing price of deposits should be good for the cotton planting area in the next cotton year.

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