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Cotton prices plunge or opportunities for textile companies to adjust
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- Time of issue:2011-07-20 12:30
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Cotton prices plunge or opportunities for textile companies to adjust
[Weaving Ribbon News] Originally, the price of cotton yarn fell, which is a good time for textile companies to buy goods, but textile companies have such concerns. In the investigation, the author found that from reducing tariffs to reducing the export tax rebate rate, to the State Reserve The acquisition, these policy messages that have already landed, or are still in the rumors, have left the troubled cotton yarn market still undercurrent. Let's take a look at the latest operation of the market.
After the tariff reduction notice came out, Zheng Mian of the day fell by nearly six points, that is, on June 27, its decline was 4.568%. Like the 1201 contract and the 1109 contract, the decline may be even greater, because these two are The current main contract.
The amount of imported cotton in China accounts for only 25% of the total cotton consumption. The market reflects such a strong reason mainly because the country’s regulation on the cotton spinning market has undergone major changes. Supply and demand, through increasing imports, dumping reserves and other means to regulate cotton prices, but from March this year, macro-control policies have begun to shift to financial means and consumption means.
There have been rumors that the export tax rebate rate for textiles will be lowered, but this policy has not yet come out. As soon as cotton prices rise, rumors in the market and rumors about this news will come out immediately. We think this is definitely not a certain market. What one imagines out of thin air has always been the fear of market policy.
The policy “boots” of import tariffs has been dropped, but the export tax rebate rate of the cotton spinning industry is more worried that this policy “boots” has not been dropped. In addition, the country’s next adjustments to the storage and dumping policies also make cotton spinning companies feel Operating pressure.
This price will still go down in the next year or two, but the country has a temporary purchasing and storage policy, which is to store and store cotton below 19800, and then open the volume, unlimited, and the sales price is 19800, such a policy It has a supporting effect on the next year's cotton yarn. This policy will regulate the supply of the cotton market throughout the year or at a certain stage.
Industry insiders believe that cotton, as a key state-controlled variety, its price trend is largely determined by policy trends, and with the fall in cotton spinning prices, domestic cotton spinning companies can fully use this opportunity to achieve industrial upgrading.
Wei Tao, Marketing Director of Global Markets Group, companies can take advantage of such an opportunity today. First, they can better enhance their own strength. From R&D and technology, they can enhance their own strength to seize this market. Second, These textile manufacturing enterprises should join together to create a high-end group platform.
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