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Year 2013 more than 5 million tons of cotton purchasing and storage

Published on:2014/1/15 16:00:28

Keyword:Cotton market, textile, fiber, condition, price
Introduction:Our National Cotton Reserves Corporation (hereinafter referred to as "the storage of cotton Corporation") on September 9, 2013 officially launched the...

Our National Cotton Reserves Corporation (hereinafter referred to as "the storage of cotton Corporation") on September 9, 2013 officially launched the 2013 annual work temporary storage of cotton since September 18 began the transaction, the current purchasing and storage transactions nearly four months. As of January 3, 2014, temporary storage of cotton for the year 2013 a total turnover of 5.017 million tons, Xinjiang accumulated turnover of 1.977 million tons, accounting for 39.4%; mainland total turnover of 1.346 million tons, accounting for 26.8%; backbone enterprises cumulative total turnover of 1.694 million tons , accounting for 33.8%. Meanwhile, to ensure market supply to meet the demand for cotton textile enterprises, cotton prices continued smooth running, November 28, 2013 to start selling cotton reserves out of the library to work steadily. As of January 3, 2014, 2013 cotton reserves accumulated annual turnover of 280,000 tons out of the library, of which domestic cotton traded 214,000 tons; turnover of 66,000 tons of imported cotton.

To solve Hubei, Hunan and Jiangxi provinces were due to severe natural disasters, resulting in low grade cotton, farmers are not effectively protect the interests of the situation, according to the national authorities notified the Joint National Cotton Reserve Corporation cotton trading market, Chinas Fiber Inspection Bureau on 26 December 2013 published "on the adjustment Hubei, Hunan and Jiangxi provinces temporary storage of cotton quality standards announcement." 2013 annual work temporary storage of cotton, for the production of cotton in the affected areas, adjust purchasing and storage quality standards. Meanwhile, other areas in order to avoid the flow of low-grade cotton, Hubei, Hunan and Jiangxi provinces, affecting normal stricken farmers sell cotton, limited storage provinces pay 400 total cotton processing enterprises in cotton production that year does not exceed the provinces.

With the standard cotton down into the reservoir affected areas, coupled with the current national cotton picking work basically ended, farmers sell actively, cotton revenue reserves increased steadily. Spring Festival approaching, the domestic yarn, cloth stock market remained thin trading, some mills ready to leave. With the impact of the State Reserve cotton sales steadily out of the library and other factors, the textile industry sentiment doctrinal, recent or expected domestic cotton was weak to run. The storage of cotton Corporation received full cast do all the work during storage, to ensure that the cotton out of storage security, efforts to provide quality services to our customers, to ensure the smooth implementation of the national macro-control tasks in the cotton market.      

Keyword:Cotton market, textile, fiber, condition, price

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