Large purchases and purchases of cotton by large enterprises

Last week, both the international and the domestic, the basic theme of cotton emerged in an endless stream. Since September, China's new round of cotton collection and storage has been nearly 2 months. According to the information released on the website of the National Development and Reform Commission, as of October, domestic cotton storage and storage totaled 1.879 million tons, but according to the latest statistics from the China Cotton Association, as of The current collection and storage has exceeded 2.5 million tons.

In this regard, Guomao researcher Gu Lingwei analyzed that since entering in October, a large number of new cotton stocks is conducive to accelerating the speed of cotton collection and storage, so from October onwards, there will be a sharp increase in reserves.

"The collection and storage of these subjects make cotton-affected companies and investors dazzled." Gu Lingwei said that first the Fed issued the minutes of the Federal Open Market Committee (FOMC) meeting minutes in October. The minutes pointed out that some Fed members believe that after the current reversal measures are completed, it is reasonable to further expand the scale of asset purchases, and in order to further boost the depressed job market, this is a natural move. "This means that these members believe that it is acceptable to further expand the scale of asset purchases," said Gu Lingwei.

"On November 16, China National Reserve Cotton Management Corporation plans to collect and store 131,120 tons. By the end of the 16th, this year, the cumulative transaction volume of cotton was 2,570,750 tons, the total turnover in Xinjiang was 1,656,920 tons, the cumulative turnover in the mainland was 794,110 tons, and the cumulative turnover of key enterprises was 128,720. T. "Gu Lingwei introduced, at the same time, the latest statistics from the National Bureau of Statistics show that in October China's spinning output was 3.034 million tons, an increase of 46.80 million tons, an increase of 18.24%.

At the same time, Japanese Prime Minister Noda Yoshihiko reiterated its loose stance in recent days that Japan needs to take all measures to combat deflation. The Bank of Japan (BOJ) needs to achieve an inflation target of 2% to 3% through unlimited easing measures, boosting the Japanese economy out of currency. Contraction.

In the face of these themes, Gu Lingwei believes that during the new cotton collection and storage process this year, there is a substantial increase in the amount of reserves compared with last year. "Compared with last year, this year's textile companies have become more difficult to manage. Last year, textile companies were more inclined to buy cotton from the market. This year, the purchase volume of textile enterprises is relatively small. Cotton textile processing plants are forced to switch their cotton to the State Reserve." Said that in the current new cotton centralized listing, the state's purchasing and storage continues to be the case, the domestic cotton market has shown a steady state. In terms of operation, it is recommended that wet storage holds more than one contract for 1301 contracts subject to storage protection.