The Government Will Arrange The Reserve Cotton Rotation In Public Auction In 7 And August.

With the approval of the State Council, the relevant departments have decided to promote the sustained and healthy development of the industry, guide the smooth operation of the market, reduce the financial burden and improve the industry in accordance with the approval of the State Council. cotton The principle of reserve control mechanism should be adopted, and the way of "asymmetric rotation, first round and backward entry, multiple rounds of rounds and fewer rounds" should be adopted to digest the country in an orderly way. Reserve cotton Inventory will gradually reduce the reserve scale to a reasonable level.

According to the current situation of cotton supply and demand and market operation, this year will pass the whole country in 7 and August. Cotton trading market Arrange the storage of cotton in the form of open bidding. The number of rounds has been temporarily suspended by 1 million tons, and sales will cease after the beginning of the new year in September. The specific quantity and price arrangement are: 330 thousand tons of domestic cotton in 2011, the bid price for sale (discount standard 3128B, the same below) is 13200 yuan / ton; 2012, Domestic cotton 470 thousand tons, the bid price was 14200 yuan / ton; in 2012, 200 thousand tons of imported cotton were sold, and the bid price was 15500 yuan / ton. The rotation will be arranged separately according to the actual transaction situation and the late market operation, and will be selected in the new cotton concentrates during the listing period. The maximum number of rounds will not exceed 40% of the total number of rounds, and the price will follow the market.

This reserve cotton rotation will start in early July. Please pay close attention to the relevant announcement of the recent cotton trading market in specific trading rules.