On March 18th, in 2016, the country continued to implement the reform of the cotton target price reform in Xinjiang, taking into account factors such as supply and demand of the cotton market and production cost benefits. With the approval of the State Council, the National Development and Reform Commission issued the 2016 cotton target price level per ton. 18,600 yuan, after the announcement of this news, all parties showed a dull performance.
Cotton enterprises respond calmly
From late March to the end of March, the operating rate of cotton enterprises in various regions was obviously insufficient. Everyone was responding to the current reality. For the future target price customization, it remained suspended. Due to the stimulation of sales of lint cotton, the spot and futures markets of cotton were not ideal. The time for selling lint cotton was extended to mid-to-late April. Although there was some support for the lint market, Zheng cotton futures rebounded slightly after the first half of the week. The apparent stamina was insufficient and the stagflation began to decline on Wednesday. The 1605 contract fell to 10,340 yuan on Friday. A ton line, while the cotton spot market remains weak, some areas this week will fall back. This year, the price of 18,600 yuan/ton of storage and storage lint is much higher than the current market price, but the support for the spot market is still weak. To avoid risks, cotton enterprises or multi-order processing, or sell at a price, do not dare to rush to inventory, ginseng factory around Work starts intermittently and operations are more cautious. As of March 25th, the price of seed cotton purchased in Shandong was 2.70-2.80 yuan/kg (40% of clothes and 8-12% of water), and the ex-factory price of third-level lint was 11,000-11,400 yuan/ton (gross, with ticket). In Hebei, the purchase price of seed cotton is 2.70-2.73 yuan/kg (40% for clothes and 10% for water), the ex-factory price for third-class lint is 11,300 yuan/ton for first-line (gross weight, with ticket), and the ex-factory price for fourth-level lint is 10,500- 10600 yuan / ton line (gross weight, no votes); Hubei purchase of seed cotton prices in the 2.70-2.80 yuan / kg) (clothing points 39%, moisture -13%), the third ex-factory price of lint in the 10600 yuan / ton line ( Net weight, with ticket); Hunan purchase price of seed cotton 2.75-2.80 yuan / kg (clothing points 40-41%, moisture 12-13%), the third grade lint factory price at 10600-10800 yuan / ton line (net weight, with tickets The purchase price of seed cotton in Anwei region is between 2.75-2.80 yuan/kg (40-41% for clothes, 12-13% for water), and factory price for 11th-rank lint is 11600-11700 (net weight, with ticket).
Farmers step by step
At present, cotton subsidies have been introduced around the country, including a cotton subsidy of 150 yuan/mu in Shandong, a subsidy of 201 yuan/ton in Hebei, and a subsidy of 500-540 yuan/mu in Xinjiang, which provides some support for cotton farmers to grow cotton, but each has its own effect. Differently, the enthusiasm of the Xinjiang region is slightly higher than that of the mainland, and the introduction of the target price for the new year has further exacerbated this phenomenon. Although the overall cotton cultivation is still in a downward trend, the rate of decline in the Mainland is significantly stronger than that in Xinjiang. Due to the large area of ​​cotton cultivation in Xinjiang, it is not as good as planting other cotton crops, and it is not suitable for planting other crops. Cotton planting is still the first choice this year for those who are not in control of other crops. Planting area in some regions has also increased slightly. Due to the lack of purchasing and storage advantages in the Mainland, the purchasing enthusiasm of cotton enterprises in this year is not high, and the income of cotton farmers is greatly reduced, and planting intentions in all regions have decreased. With the introduction of target prices, the impact on cotton cultivation is still stronger in Xinjiang than in the mainland, and farmers are still arranging their own planting crops in a rational manner.
Textile companies concerned about the eyes
Dragged down by the overall weak economic situation at home and abroad, textile companies also faced many difficulties in their operations. In the process of purchasing lint, most of the textile enterprises pursued the "purchase with purchase" strategy, and insisted on the purchase of three, low-cost procurement, a serious inhibition of the spot lint Quotes. At present, the high-grade lint is missing, and many textile companies use some imported lint to supplement, and the stock of domestic reserve cotton is huge. Everyone is as calm as a reassurance pill. Larger textile enterprises are currently waiting for the State Reserve Cotton to sell and stockpiling raw materials. To a minimum. Although the target price for the new year has been introduced and is much higher than the market price, it has not had a significant impact on the current operation. “Only insisting on doing a good job†is the calmest voice of the target textile company. Everyone will no longer speculate. No longer guessing, the cotton market has been more and more calm after experiencing the ups and downs of the previous period, and the cotton market has gradually matured from the madness of 2008. This may be the biggest gain in the market economy.
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