This Year, State Cotton Stocks Are At Historically High Levels.

< p > up to February 1st this year, China's < a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > storage and storage totaled about 6 million 150 thousand tons, accounting for 83% of the 7 million 400 thousand tons of cotton output this year.

In addition, in addition to the 3 million 130 thousand tons of storage and storage of imported cotton and the carrying capacity of the national storage in the end of March last year, and the subtracting stocks from last August, the national cotton stocks in the current year are at a historically high level.

Accounting for consumption of around 650 thousand tons per month, there is a lot of pressure on later inventory.

< /p >

< p > < strong > inventory pressure is huge < /strong > < /p >

< p > February, the United States Department of Agriculture released the monthly forecast of cotton supply and demand. Compared with the data in January, the report not only adjusted the global cotton output, consumption and inventory in 2012/13, but also increased the output and import volume of Chinese cotton, so China's stock attracted more attention.

The increase in global cotton production mainly refers to China and Kazakhstan.

According to the monthly report, China's import volume has increased by 326 thousand tons to 3 million 48 thousand tons, which has led to a considerable increase in Global trade volume, which is also based on a substantial increase in imports in the first half of this year.

The end of the world's cotton stocks actually did not change, but China's stock rose 435 thousand tons, to 9 million 280 thousand tons, accounting for 52% of the world's stock.

< /p >

< p > according to the data of China Cotton Association, as of January 31st this year, the total number of temporary storage and storage in 2012 has exceeded 6 million tons.

At the same time, in order to meet the needs of "a href=" //www.sjfzxm.com/ "target=" _blank "> textile > /a" and the need for cotton use in enterprises, we began to put some national cotton reserves into operation in the same month. The domestic spot price rose slowly, and the turnover of the market was even more light.

< /p >

< p > China textile network data show that as of February 1st this year, China's cotton purchase and storage totaled about 6 million 150 thousand tons, accounting for about 83% of the 7 million 400 thousand tons of cotton output this year.

Accounting for the consumption of 650 thousand tons per month, domestic cotton inventories are under great pressure this year.

< /p >

< p > < strong > spinning enterprises lack of power to buy Cotton < /strong > < /p >

< p > reporter learned that in order to meet the raw material demand of textile enterprises, the state launched a new round of reserve cotton throwing and storing work in January 14th this year. The price of grade three cotton is 19 thousand yuan / ton, and the output of cotton is mainly cotton in 2011 and before, and the first round of national cotton throwing and storing work in 2013 will end at the end of March.

From the current situation of dumping and storage, 2013 national storage cotton has accumulated about 500000 tons of warehouses and traded at about 35%.

The head of the China cotton reserve management company told reporters that the current general situation of dumping and storage is generally on the one hand, because many textile enterprises are in the recruitment stage after the Spring Festival, the start-up rate is not enough, and the demand for raw materials is not strong; on the other hand, because of the sharp fall in international cotton prices last year, the export of cotton textiles has been affected. Many textile enterprises have a backlog of inventory problems, and the funds have not been returned in time, resulting in a lack of power to buy cotton.

< /p >

< p > industry insiders say that the current domestic cotton price of 19 thousand yuan / ton is too high for enterprises, excluding inventory, capital and other factors. Even some enterprises that are in urgent need of cotton production are unwilling to purchase cotton at such a high price, while other chemical fiber materials are used instead of cotton for production.

< /p >

< p > from the current situation of import quotas, it can not satisfy the textile companies.

The reporter understands that the import quota of cotton imports of 894 thousand tons and 1% tariffs has been gradually issued, but some textile enterprises receiving import quotas are below expectations.

Although some enterprises are in a wait-and-see state, it is a general trend to purchase State Cotton stores later.

Therefore, people in the industry expect that the late a href= "//www.sjfzxm.com/news/index_q.asp" > cotton policy < /a > may be adjusted to predict the possibility of downward dumping.

< /p >