The Policy Of Purchasing And Storage Was Introduced, And The Reaction Of Textile Enterprises Was Dull.

In order to solve the problem of cotton sales in Xinjiang, in August 19th, the China cotton reserve management company (hereinafter referred to as "China store cotton company") combined with the national cotton trading market to collect and store part of Xinjiang cotton, the number of which was tentatively set to 150 thousand tons, the highest level of storage and storage to the warehouse price was the standard level (328 level) 13400 yuan per ton (Xinjiang library point) and 13600 yuan (referring to the inland reservoir point), and the purchase and storage prices of other grades of cotton were calculated according to the grade difference of 3% and the length difference of 1%, and the actual paction price was delivered to the designated warehouse warehouse of the China cotton storage company.

The impact of this policy on the current downturn in the cotton and textile market can be greatly influenced.

Many cotton enterprises have reflected that the introduction of the new cotton purchase and storage policy will stabilize cotton prices to a certain extent at the time of the handover of new and old cotton, which is conducive to the smooth progress of seed cotton purchase in the new year, thus protecting the interests of cotton growers. For cotton enterprises, there are not many enterprises that have yet to return the loans from the agricultural development bank. This policy is conducive to the cotton enterprises to convert the hoarded cotton lint into capital so as to return the loans of the Agricultural Development Bank in time.

In addition, the cost of cotton purchasing is very high, and the cost of hoarding cotton in some cotton enterprises has reached 14500 yuan / ton.

In contrast, the textile industry's response is the most plain.

The reason is: from the point of view of supply and demand, the prominent feature of the current cotton market is that supply is far greater than demand. The first round of storage and storage is 150 thousand tons, much less than that of 300 thousand tons before it can not solve the fundamental problem of the current cotton market. At best, it only reduces the supply regulation and can not change the current supply and demand situation; from the view of purchasing and storing prices, it is not much different from the current spot market price, and for textile enterprises, it will not change the purchasing rhythm.

At present, the most fundamental problem in the cotton market is weak demand, and the amount of cotton used by textile enterprises is greatly reduced.

It is understood that the textile mills in Hangzhou, Zhejiang, close to 1/3, and the staff turnover is serious. The cotton consumption in the month is generally less than half that of the same period last year.

According to a textile enterprise in Henan Province, according to past practice, 6-7 month was the off-season of textile sales, the situation began to improve in August, and returned to normal by September, but in August this year, their business situation was not as good as that of last month.

But the head of the textile industry said that if the domestic cotton spot prices no longer drop or rebounded after the policy of purchasing and storing up, as long as there is sufficient financial support, they still want to buy some cotton at a low price.

In August, the state promulgated a series of policies, such as collecting and storing Xinjiang cotton, raising the export tax rebate rate, and relaxing the credit scale of commercial banks. The policy is still blowing hard on the policy, but it is still hard to melt the ice in the textile industry.

The current situation faced by textile enterprises is serious and internal and external problems are coexisting.

The global economic downturn, the United States, the European Union and Japan and other major economies are facing the risk of economic slowdown or even recession. Domestic statistics are also not optimistic. The latest statistics released by the National Bureau of statistics show that in July, PPI rose by 10% over the past decade, while the CPI rose by 6.3% over the past decade, compared with the previous period. The number of clothing PPI increased by 2.4% compared with the previous year, and the clothing CPI decreased by 1.4% compared with the previous year. This data indicates that the cost pressure of the domestic textile industry is greater, and the pressure brought by this cost will continue for the next six months.