Xinjiang'S Cotton Storage And Storage Exceeded 100 Million Tons &Nbsp, Accounting For 2/3

2011/12/16 11:51:00 14

Xinjiang'S Cotton Storage Exceeds 100 Million Tons Of Reserves

A few days ago, reporters learned from the Xinjiang Office of the national cotton exchange market, December 13th plan

store up

122400 tons.

Actual

The turnover was 51660 tons.

Among them, the Xinjiang warehouse clinch a deal of 34680 tons, and the mainland warehouse has a turnover of 16980 tons.

As of that date, 2011 cotton temporary storage and storage

Deal

1484820 tons, Xinjiang total turnover of 1017120 tons, the mainland total turnover of 467700 tons, Xinjiang cotton accounts for the total amount of cotton collection and storage of 2/3.

Tan Wei, general manager of the financial department of Urumqi Hongyuan Futures Co., Ltd., said that there are two main reasons for the increase in cotton reserves in Xinjiang.

First, the China Cotton Association has predicted that the total output of cotton will reach 7 million 280 thousand tons this year, of which the total output of cotton will reach 3 million 425 thousand tons in Xinjiang.

and

Compared with the total output of 2 million 479 thousand tons in Xinjiang last year, the total output of cotton in Xinjiang will increase by nearly 1 million tons this year. Secondly, China's cotton price index has been going down all the way in recent years, reaching 19058 yuan per ton in December 13th, less than 19800 yuan per ton.

Cotton ginning companies worry that cotton prices will continue to decline, and actively pay to avoid risks.