The Sale Of State-Owned Cotton Stores Has Been Carried Out Smoothly, And The Cost Pressure Has Not Been Reduced &Nbsp.

　　 For now, National cotton reserves The sell-off is being carried out smoothly, to a certain extent, easing the tension of cotton use in textile enterprises, but it has not played a significant role in stabilizing the spot price of China's cotton market.

Judging from the price trend of the cotton market, it only loosened slightly in the late August. But in September, it began to accelerate again. The pressure on the cost of raw materials in the industry continued to increase.

Since October of last year, cotton prices in China have gone up and set a record high. Textile enterprises (especially cotton spinning enterprises) increasing pressure on operating costs. Under the repeated appeals of the industry and enterprises, the state began to implement the national cotton sale program in August to ease the tension in the cotton industry and allow the textile enterprises to make a smooth transition before the new cotton market. That is to say, since August 10, 2010, the national cotton trading market has been competing for the sale of national cotton reserves through the auction system of cotton reserves in the national cotton trading market, with a quantity of 600 thousand tons. cotton Cotton reserves were acquired in 2008. All 600 thousand tons of cotton reserves will be sold in batches in the next two months and 15 thousand tons per working day.

Cotton throwing and storage work smoothly

State reserve cotton throwing and storing work has been carried out until now. According to relevant information, as of September 9th, the total amount of cotton stored in the market reached 340 thousand and 700 tons, and the actual turnover was 339 thousand and 700 tons, with a turnover rate of 99.7%. The total amount of cotton put into operation was 56.62%, and the average cotton rank was 3.75, the average length was 28.32mm, the weighted average price was 18043 yuan / ton, and the turnover price of 328 cotton was 18391 yuan / ton.

On the specific working days, the State Cotton store transaction is shown in the following table:

    
        
            
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