Reserve cotton rounds out, rumors of postponement are fermented

Recently, various market entities have paid close attention to whether the rotation of reserve cotton will be postponed. Everyone has different attitudes and mixed feelings. Spinning enterprises: The auction case is extremely high on the 26th. According to the person in charge of a textile enterprise in Zhengzhou, Henan Province, the company mainly produces 32S-60S carded yarn and combed yarn, of which 80% of Xinjiang cotton is used, and Xinjiang cotton is only obtained through auction and reserve Xinjiang cotton to obtain raw materials. It is already insufficient, and it is necessary to purchase some high-quality spot to barely maintain production. Purchasing high-quality cotton has become the number one problem for textile enterprises.　　 It is understood that at present, the profit margin of enterprises is relatively small. Affected by the increase in raw material costs, the profit of spinning enterprises' yarn production is only 100-700 yuan/ton, down about 60% from the beginning of the year. In addition, due to the tight capital chain, some textile companies are temporarily unable to purchase large quantities of raw materials and insist on buying as they use them. Textile companies are generally worried about whether there will be no cotton available in the period of non-compliance after the round is over.　　Recently, China National Reserve Cotton Management Corporation issued the 'Notice on Issuing the Sixth Batch of National Reserve Cotton Rotation Plan for 2016/2017'. The notice pointed out that the sixth batch of outbound public inspection plans was 414,000 tons. The textile enterprises were shocked by the news. The market was full of rumors about the postponement of the reserve cotton rotation. The textile companies expressed that they no longer worry about the supply of raw materials before the launch of the new cotton, and very much hope to see the policy of the postponement of the reserve cotton rotation as soon as possible.　　Cotton Merchant: Continue to wait and see and listen to the fate. 　　 For the cotton merchant, it would be a thunderbolt that the postponement of the reserve cotton rotation is tantamount to a thunderbolt in the sky. On the 26th, a certain cotton business talked about this issue with a nervous look. According to him, since the round came out on March 6, it has participated in the auction to reserve more than 1,200 tons of Xinjiang cotton. At present, there are more than 800 tons of inventory. The month can be sold at a high price, and now it seems that the dream may be vanished.　　 The cotton merchant said that recently, many cotton merchants have been stepping up the promotion of their own cotton, including Xinjiang cotton. On the 26th, 'Double 28' Xinjiang hand-picked cotton was quoted at 16,100 yuan/ton, down 100 yuan/ton from yesterday. However, the price of high-quality Xinjiang cotton is still strong. For example, the price quotation of 'Double 30' Xinjiang cotton remains at 17,000 yuan/ton.　　 It is understood that cotton merchants generally believe that if the reserve cotton rotation is delayed, the market supply and demand structure will change, the market supply will be loose, and some cotton storage companies will accelerate the dumping of goods, release raw material inventory, and the spot market cotton price will drop sharply. Faced with this situation, most cotton merchants reluctantly said: “Keep watching, everything is up to fate.” 　　 Cotton farmers: opposed to extensions, worried about dragging down the price. 　 　 Although most cotton farmers pay less attention to whether the reserve cotton is delayed, some large cotton growers also expressed concern. On the 26th, a cotton farmer in Cangzhou, Hebei said that this year’s cotton planting risk is relatively high. Due to the unpredictable weather, the local rainy season started this week. Although the previous drought has been relieved to a certain extent, according to the weather forecast, there will be more precipitation in the flood season this year. May cause flood disasters. In addition, the cost of cotton this year has increased. According to the current situation, chemical fertilizers and pesticides have been invested 30% more than the same period last year, and the prices of other agricultural materials have increased by about 10%. This year, the input cost will increase by about 150 yuan/mu.　　For land-pack cotton farmers, what everyone is most concerned about is the new year's seed cotton opening price. If the reserve cotton rotation is delayed, resulting in a sharp drop in cotton prices, the seed cotton opening price may be lower. It is understood that if the price of seed cotton is lower than 3.7 yuan/jin, then farmers who contract land will have almost no profit or even loss. Therefore, cotton farmers do not want to postpone the rotation of reserve cotton. Article Keywords: 　 Reserve Cotton