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China's Cotton Policy Changes To The Market, Ending The "Two Hit" Situation Of Cotton Enterprises

2014/2/7 19:24:00 155

Cotton Reserves Cotton Farmers Direct Subsidy

China has a long history of purchasing foreign cotton yarn, whether it is the country of the import market or the share of the domestic market, because of various reasons are constantly changing. Since 2000, the quantity of cotton yarn imported from abroad has begun to increase. This year the cotton textile industry overall market is light, in order to save costs, more and more enterprises began to focus on foreign low-cost cotton yarn, so that the number of imported cotton yarn is climbing. 
After the listing of cotton yarn futures, P cotton futures will initially form a "a href=" //www.sjfzxm.com/news/list.aspx ClassID=101112107101 "cotton futures" /a "variety system, which will provide a more comprehensive risk management tool for the cotton enterprises, especially the cotton textile enterprises. "At present, the domestic cotton market is in the transition stage from" policy city "to" market city ", and the time for listing cotton yarn futures is ripe. Zhang Wenmin, general manager of Wanda futures cotton industry division, said that at this point, the listing of cotton yarn futures can complete the effective docking between the spot market and the futures market in a short time. 
 for a long time, the domestic cotton yarn market lacks an authoritative price. The textile enterprises are rather blind when arranging production and operation plans. For example, the current domestic and foreign market price difference of cotton yarn is as high as several thousand yuan per ton, but many a href= "//www.sjfzxm.com/news/list.aspx ClassID=101112107108" > textile enterprise < /a > do not understand the actual situation of the domestic cotton yarn market, and the production plan drawn up is divorced from the market reality, resulting in waste of resources. Especially in recent years, cotton and cotton yarn prices fluctuate frequently. In the process of cotton purchasing, processing and cotton yarn sales, enterprises often encounter "two hit" situation. In this regard, some large textile enterprises can barely afford it, and a large number of small and medium-sized enterprises simply can not afford it. Textile enterprises urgently need to use futures market to manage the price fluctuation risk of raw materials and finished products. 
 at the same time, the impact of imported cotton yarn on domestic cotton yarn market is also increasing. In 2012, China imported 1 million 530 thousand tons of cotton yarn, an increase of 69% over the same period last year. From 1 to October 2013, China imported 1 million 750 thousand tons of cotton yarn, an increase of 44% over the same period. It is estimated that imports of cotton yarn will be 2 million 100 thousand to 2 million 200 thousand tons a year. According to another forecast, cotton yarn imported from China is 3 million to 4 million tons this year. Many textile companies that participated in the seminar said they would take an active part in the future of cotton yarn futures. 
 "when cotton futures are listed, the quality inspection rules for futures delivery cotton mainly established by instrument standard test have been established, which has changed the rules of inspection system that the domestic cotton market has implemented for more than 40 years based on grading pricing and sensory testing, and has played a positive role in improving the quality of domestic cotton." Zhang Wenmin told reporters that at present, the industry is looking forward to the listing of cotton yarn futures. After the listing of cotton yarn futures, the cotton textile industry and the whole cotton industry structure adjustment and transformation and upgrading will be promoted. 
 it is understood that in addition to speeding up the listing of cotton yarn futures, Zhengshang will also increase its R & D efforts for cottonseed, cottonseed meal, raw silk, cocoon and polyester staple fiber this year. 
 it is understood that the import amount of yarn in 2013 amounted to US $9 billion 610 million, of which cotton yarn imports accounted for 71%, and the import amount amounted to US $6 billion 820 million, accounting for 25.3% of the total textile and clothing imports. 
The import characteristics of cotton yarn are below: P > 13 years: 
 strong > 1. In 2013, China's cotton yarn imports reached a new high. .
 since 08 years, the import of cotton yarn has increased year by year, the import amount in 11 years is 3 billion 410 million dollars, and 12 years are 4 billion 960 million dollars. According to customs statistics, the total import value of cotton yarn in 2013 was 6 billion 820 million US dollars, an increase of 37.5% over the same period last year. The total import volume reached 2 million 100 thousand tons, which was 4 times the total export volume of cotton yarn, an increase of 37.4% over the same period last year, and the average price of imports was 3.25 US dollars / kg, down 0.1% from the same period last year. 
 strong > two, from a single month, cotton yarn import price increases first and then decreases, and imports increase overall. .
 except for the negative growth in February, the import volume of each month increased to varying degrees. In 2013, the average import price of the national cotton yarn was 3.25 US dollars / kg. In January, the unit price of imports was 3.19 US dollars / kg, and then rose, until May, reaching the highest value of 3.31 US dollars per kilogram. After that, it fell steadily. 8 and September, the import price was flat with the average unit price, and dropped to 3.16 US dollars / kg in December. 
 three and 2013, India is the largest source country of my cotton yarn imports. < a href= "//www.sjfzxm.com/news/list.aspx ClassID=101112107102" > Pakistan < /a > second. .
 India and Pakistan are the two most important source countries of cotton yarn imports in China. In the first 11 months, the number of cotton yarn imported from India for the first time exceeded that of Pakistan, and became the first source of the import of cotton yarn. Over the past 13 years, China imported 627 thousand tons of cotton yarn from India, an increase of 104.6% over the same period last year, accounting for 29.9% of the total imports of cotton yarn. The import amount was 2 billion 30 million US dollars and the import price was 3.24 US dollars / kg. The total import volume of China's imports from Pakistan was 601 thousand tons, an increase of 8.2% over the previous year, accounting for 28.6%. The import amount was 1 billion 760 million dollars, and the unit price was 2.93 US dollars / kg. Vietnam is the third largest importer of cotton yarn, with an import volume of 258 thousand tons, an increase of 48.1% over the same period last year.