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The State Added 400 Thousand Tons Of Reserve Cotton &Nbsp To Ensure The Demand For Textile Cotton.

2010/9/30 15:41:00 58

According to the SASAC website, in September 28th, in the 600 thousand tonnes of countries

Reserve cotton

When the launch came to a close, the relevant departments of the state decided to increase the 400 thousand tons of the state reserve cotton, so that the total amount would be up to 1 million tons, so as to alleviate the large number of new cotton coming into the market.

Supply quantity

Insufficient.

As of September 27th, 600 thousand tonnes of national cotton reserves had been put into the market for 591244 tons, with a turnover of 581644 tons, with a turnover rate of 99.8%, and 97% of the plans were put into operation. The average grade of all the finished cotton reserves was 3.84, the average length was 28.32, the weighted average price was 19098 yuan / ton, and the turnover rate of 328 grade was 19521 yuan / ton (net weight).

In September 27th, the China cotton reserve management company completed all the 30048 tons of cotton reserves planned to sell on the same day. The average grade of lint cotton was 4.11, the average length was 28.58, the weighted average price was 21776 yuan / ton, and the 328 fold average price was 22374 yuan / ton.

In September 27th,

National Development and Reform Commission

Seven departments jointly held the national cotton working teleconference.

The meeting pointed out that China's cotton production is expected to decrease slightly in 2010, while cotton demand continues to grow, but the growth rate slows down. The international cotton market is basically balanced in terms of production and demand, and the supply and demand situation has improved over the previous year.

In 2010, we should focus on promoting the steady development of cotton production, doing a good job in the purchase and sale of new cotton and risk prevention work, ensuring the cotton needs, standardizing the order of circulation, promoting the pformation of development mode of textile enterprises and deepening the reform of quality inspection.

The meeting stressed that the market should take an objective view of the temporary supply tensions that occurred during the annual alternating period. Cotton prices are at a historical high level at the moment. New cotton is about to be bought and processed on a large scale. The cotton prices have gone up too much in recent years, and there are too many fundamental factors to break away from the supply and demand. The factors of speculation are bigger, which implies greater market risks. Cotton parties should keep a clear understanding of this.