Multi Factor Promotes International Cotton Price To Enter The Rising Rhythm

< p > < strong > many factors promote the international cotton price to enter the rising rhythm < /strong > < /p >
< p > August 14th, the CotLookA newspaper ended at 90 cents / pound in the recent 96.4 cents / pound. At home and abroad, < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton price < /a > narrowed to 4000 yuan per ton pass, reaching 3700 yuan per ton. < /p >
< p > many market participants told great wisdom news agency that benefiting from the US Department of agriculture's August supply and demand report, China's cotton purchase and storage policy is about to open, and China's cotton market is still in the supply vacuum period of August, the international cotton price will enter the "upward rhythm". < /p >
< p > China's < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > executive vice chairman of the Federation of industry, Gao Yong told the great wisdom news agency that the 2013/2014 state purchasing and storage policy will be opened in September 1st, and the 20400 yuan per ton unlimited storage price will play a direct role in stimulating the rise of international cotton prices. < /p >
< p > with the closing date of China's purchase and storage, China's new cotton purchase and storage price, which is much higher than the international cotton price, will support the rising price of the international cotton price. < /p >
< p > the US Department of agriculture's August supply and demand report lowered 2013/2014 global cotton output and ending inventory, which directly stimulated the global cotton price increase. Among them, based on the first production survey of the US Department of agriculture, the report lowered the output of the US 2013/14 in 98 thousand tons to 2 million 840 thousand tons, the lowest since 2009. China's output is also declining due to poor weather in Xinjiang, central China and Hunan. < /p >
< p > although the global a href= "//www.sjfzxm.com/news/" > cotton inventory < /a > is still at a historical high, the US Department of agriculture predicts that the 2013/2014 global cotton initial inventory and final inventory will reach 18 million 800 thousand tons and 20 million 410 thousand tons respectively, which is close to the annual cotton consumption in the world. However, due to the rapid increase in China's cotton stocks, which accounted for about 60%, the cotton stocks in the whole world actually dropped outside China. In addition, China's cotton inventory has been mastered by the Chinese government and has not entered the market circulation, and it also provides support for the rising international cotton prices. < /p >
< p > a number of cotton industry insiders say that cotton inventory accounts for 30% of the cotton consumption per year and is a reasonable interval. China's 2013/2014 year-end inventory is expected to exceed domestic cotton consumption in one year. < /p >
< p > in the recent cotton market supply level, the 2013/2014 cotton season, the world's largest cotton consumption market -- the first batch of self produced cotton in China will only be supplied by the market in September, and the domestic cotton stocks are mainly controlled by the government. At the end of July, the end of the government's storage policy will result in a domestic vacuum supply period for cotton supply in August. < /p >
< p > taking into account the current domestic a href= "//www.sjfzxm.com" > cotton spot < /a > the price is higher, is a "price without market", the domestic a href= "//www.sjfzxm.com" > textile enterprises < /a > August may concentrate on the use of imported cotton quotas, buy international cotton, thereby further promoting the international cotton price. < /p >
Under the influence of China's cotton storage and storage policy, the spot price of domestic standard grade cotton has been stable for 19200 yuan per ton for a long time, and the price is much higher than that of the international cotton price. The trend is a "straight line" in P. < /p >
< p > many factors support the rising price of international cotton prices. The biggest unstable factor lies in the Chinese government. Because the Chinese government has mastered the huge stock of cotton resources, its "temporary" delivery plan is expected to contain the rise of international cotton prices. < /p >
According to past experience, in September 2012, the Chinese government temporarily put 500 thousand tons of cotton into the market to reduce inventory pressure and stabilize the rising trend of international cotton prices. < /p >
< p > < strong > cotton price difference at home and abroad is close to promoting competitiveness of cotton spinning enterprises < /strong > < /p >
< p > the most direct beneficiary of the increase in international cotton prices is domestic a href= "//www.sjfzxm.com" > cotton textile > /a > listed companies. At the gross margin of the product, as large cotton textile listed companies, such as Lu Tai A (000726.SZ), have a large number of imported cotton quotas, and when the international cotton price was low at the beginning of 2013 in early 2012, the cotton import orders for 2013 were signed, and the recent rise in international cotton prices will greatly enhance the gross profit of the company's products. < /p >
< p > Lu Tai A, Zheng Weiyin, told great wisdom news agency that the company obtained 20 thousand tons of cotton import quota in 2012, which is used in 2013 of the company's cotton. < /p >
< p > at the market level, < a href= "//www.sjfzxm.com" > international cotton price < /a > the rise will enhance the competitiveness of the domestic cotton textile industry in the global market. < /p >
< p > the domestic cotton price has been greatly affected by the policy impact of the protected domestic cotton planting industry. At the height of 2012, the domestic cotton price has been higher than the international cotton price by more than 6000 yuan per ton. This year, it has been maintained at 4000 yuan per ton for a long time. With the recent breakthrough of 96 cents / pound of international cotton prices, domestic and foreign cotton prices returned to below 4000 yuan per ton. < /p >
< p > this price is close to the "psychological difference" acceptable to the domestic textile industry. < /p >
< p > a lot of textile industry insiders tell great wisdom news agency that the difference between domestic and foreign cotton price is acceptable at 2000-3000 yuan per ton. With the narrowing of the price gap at home and abroad, the confidence and ability of the domestic textile industry to participate in international competition will be greatly improved and the order can be regain. < /p >