According to the statistics of China Cotton Information Network, as of May 19, the cumulative turnover of reserve cotton was 379,700 tons. Among them, the total volume of imported cotton was 231,800 tons, the transaction rate was 100.00%, the total volume of domestic cotton transaction was 147,900 tons, and the transaction rate was 98.42%. Since the reserve cotton began to turn around on May 3, its turnover has remained high, and the topical heat on reserve cotton is also rising. At the 2016 Cotton Industry Development Summit Forum recently held in Wuhan, the topic of “reserve cotton rotation†was raised several times. China National Reserve Cotton Management Corporation is an important part of the reserve cotton turnout. The general manager of the company, Yao Mingyao, said that global cotton stocks have been high in recent years, demand has continued to be weak, and the overall price of cotton has been oscillated downwards, from the national policy orientation to the supply and demand of the cotton industry. In fact, the "destocking" of the cotton industry is an urgent task. He said that what's gratifying is that after several years of market adjustments, industry reshuffles, and corporate innovation transformation, the cotton industry has seen a new turnaround. The formulation of the country's reserve cotton turn-out policy fully takes into account the current difficulties and the future development direction of the cotton industry. The formulation of turn-out prices opens the linkage channel between international and domestic cotton prices, and drives domestic cotton prices and international cotton prices. Convergence, narrowing the difference between cotton prices at home and abroad. The normalization of reserve cotton turns out to reduce the concentration of market impact, and the improvement of turn-around policies has also enabled textile companies to favor reserve cotton. The current situation of hot cotton reserve transactions is the best proof. However, with the advancement of the round-trip work, the details of the process of reserve cotton turnout gradually exposed, especially the problem of storage cotton out of the library, once again become a more concentrated point of textile companies "Tucao". So, is cotton textile companies satisfied with this year's reserve cotton turn-out? What aspects need to continue to improve? Businesses are highly concerned with active purchases Compared with last year, this year's reserve cotton round was popular with textile companies, and even appeared to be “buyingâ€. In the period from May 9 to 13th, the total amount of reserved cotton was 151,100 tons, and the total transaction volume was 149,800 tons, of which, 97,700 tons for textile companies and 52,100 tons for non-textile enterprises, the average transaction price was 12280 yuan/ton. The imported cotton was listed at 95,400 tons, achieving a 100% turnover rate. The average transaction price was 12,560 yuan/ton, the discounted 3128 price was 13,832 yuan/ton, the current week's imported cotton (oak cotton) had the highest price increase of 3,700 yuan/ton, and the domestic cotton produced in 2013. The highest price increase is 2660 yuan/ton. At present, reserve cotton has become the main procurement channel for textile companies, with little interest in cotton spot. Huang Xinfeng, chairman of Hubei Jinan Textile Co., Ltd., said that after the reserve cotton came out, the company's procurement of raw materials increased its selectivity. The reserve cotton has both imported cotton, Xinjiang cotton and real estate cotton, and the cost performance is high, especially the imported cotton, the quality can meet the production needs of the company. Therefore, since the reserve cotton came out, the company has paid great attention to it. The employees responsible for raw material procurement even stayed in front of the computer all day long and kept paying attention to the status of reserve cotton in order to purchase cotton that meets the needs of the company. A countdown system is implemented for reserve cotton bids, that is to say, when all buyers participating in the transaction no longer submit any new quotation within the specified time for all batches of reserve cotton in a certain trading day of the day, the trading session is closed at the end of the whole session. Bidding, automatic transaction, so the company needs constant attention. Wang Weixia, general manager of Jihua 3542 Textile Co., Ltd., also stated that enterprises have been paying attention to reserve cotton. At present, they have already bided more than 100,000 tons. Although the number is small, enterprises are always concerned about the reserve cotton reserve situation and are very afraid of it. Note that the cotton needed by the company was bought off by other companies. Poor shipping remains the main issue At present, although textile companies actively purchase reserve cotton, they cannot use the purchased cotton in a timely manner. During the 2016 Cotton Development Summit Forum, a person in charge of a cotton textile company complained to reporters: “On the second day of the reserve cotton round (May 4th), the company auctioned 40,000 tons of reserve cotton. By May 13th, it had not obtained the warehouse receipt for reserve cotton. Coupled with the timing of public inspection, delivery, and transportation in the later period, enterprises could actually obtain the reserve cotton for auction, which may take up to half a month as soon as possible. time." Pursuant to the "National Reserve Cotton Turnout Measures for 2015/2016" formulated by the National Cotton Exchange Market, the purchase of reserve cotton must be signed within three working days after the closing of the "National Reserve Cotton Purchase and Sale Contract", and five working days after the transaction. The payment will be remitted to China Reserve Cotton Corporation's "reserve cotton settlement account." In order to simplify the operation procedures, the buyer completes the formalities of signing the purchase and sales contracts by the buyer by stamping electronic seals on the “National Reserve Cotton Purchase and Sales Contract†provided on the trading market. Then, the buyer should send money according to the amount of the contract. In the confirmation of receipt of the purchaser’s payment, the Central Reserve Cotton Corporation shall issue a “reserve cotton delivery order†to the buyer within 2 working days and issue a delivery notice to the storage warehouse at the same time. The round-up method also clearly stipulates that, in addition to force majeure factors, the buyer should complete delivery within 10 workdays (inclusive) from the date of issuance of the relevant batch of “reserve cotton outboundâ€. Matters may not be rejected, delayed or obstructed without cause. China Storage Cotton Corporation responds in a timely manner In the previous reserve cotton rounds, “difficulty in library release†was a problem that textile companies reported more prominently, and there was a phenomenon of arbitrary charges in storage and storage warehouses of reserve cotton. This year, I did not expect to have yet to pick up the goods, and textile companies were picking up the goods. The single process is stuck. According to Yang Zhaoliang, Deputy Inspector of the China Cotton Supply and Marketing Cooperative and the Deputy Secretary General of the China Cotton Association, the rules for the inspection and export of stored cotton have undergone great changes. The time is tight, the task is heavy and the difficulty is great. It should be cotton inspection. Unprecedented since the system reform. According to relevant sources, the high transaction volume of reserve cotton exceeds the normal operating capacity of reserve cotton wheels and is an important reason for delaying the purchase process. In addition, the 100% turnover rate of imported cotton also caused the pressure of imported cotton to increase greatly. In response, China Reserve Cotton Management Co., Ltd. actively responded by issuing the "Announcement on Resolving Issues Concerning the Centralized Delivery of Imported Cotton and Regulating the Charges for Repository Storage" on May 18. The announcement made it clear that the recent importation of cotton concentrates has exceeded the normal operating capacity of the reserve. The company reflected the slow delivery of goods, and the Sinotrans Cotton Corporation attached great importance to it. It coordinated many times with the social reserve bank, and sent people to on-site supervision. It requested that the social reserve bank expedite the delivery schedule, and it could not be used as a reason to delay the exit of the storage. If necessary, Subordinate units transfer equipment to support social storage. Due to the long waiting time for the purchase of imported cotton companies, the joint meeting agreed that the cotton purchasing companies should be allowed to apply voluntarily, and the Sinotrans Cotton Corporation would verify the return and return them. With regard to the phenomenon of unreasonable charges in warehouses that have occurred in the past, China National Stoic Cotton Corp. has stipulated that all reserve banks must strictly implement the charging standards, and must not erroneously charge fees in violation of specific items, and must not be forced to designate transportation companies and transportation vehicles. China Chumian Corporation resolutely investigates illegal charging and “eat, take, card, and demand†behaviors during the delivery process, and pursues the legal responsibilities of the offenders and lists them as “blacklistedâ€. Continuously improve the cotton reserve mechanism Although there are still imperfections in the reserve cotton turn-out process, the attitude of China Storage Cotton Management Co., Ltd. in responding to the problem of stockpile withdrawal is worthy of its praise. This year is the third year of China’s implementation of cotton target price subsidy pilot experiment. The market plays a decisive role in the allocation of cotton resources. It has received support from various aspects of the cotton industry chain, and the policy of turn-out of reserve cotton is also constantly improving. Details are keep improve. Overall, China's cotton industry is developing well. At the 2016 Cotton Development Summit Forum, Yao Mingyao, General Manager of China National Cotton Corporation Management Co., Ltd. stated that the healthy development of the cotton industry is inseparable from the cotton reserve mechanism. In the future, China's reserve cotton mechanism will play a more important role in the domestic cotton market. effect. In the textile industry chain, cotton reserves are the link between the past and the next, which can not only protect the interests of cotton farmers and stimulate planting enthusiasm, but also play a regulatory role in China's cotton market, prevent the occurrence of large fluctuations in cotton prices, and adversely affect the cotton industry. influences. Therefore, the cotton reserve control mechanism will continue in a certain period of time, but the future direction of the cotton system reform should be more prominent precision and timeliness of regulation. Under normal circumstances, the quality of cotton will naturally decline after being stored for about 3 years. In this regard, Yao Mingyao stated that China National Cotton Corporation will establish a cotton reserve management mechanism that is more adaptable to the market economy, and will rotate reserve cotton according to a certain percentage. In accordance with the principle of homogeneity and equal use of the same amount, make full use of both domestic and international markets, and sell Chen cotton into new cotton. The rotation price is linked to the market price, avoiding the quality loss caused by degraded reserve cotton, and further optimizing the structure of the reserve cotton stock. To meet the market demand for high quality cotton. In addition, Yao Mingchao said that the cotton reserve policy has played a “cushion†role in regulating supply and demand in the market, but it still uses administrative methods and lacks legal norms. In the next step, China Chumian General Corporation will recommend to the relevant state agencies to speed up the legislative work of reserve cotton and study and formulate the "Regulations for the Management of Central Reserve Cotton," so that regulations on stock control can be followed and regulations can be followed to achieve legalization of reserve control work. , standardization, scientific, and establish a more complete mechanism for the cotton market. New Sexy Bra,Mesh Women's Underwear,Transparent Mesh Women's Underwear Shaoxing hjh clothes.co.ltd , https://www.hjhclothes.com
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