The Ministry Of Commerce Will Expand Import Channels Such As Grain And Cotton.

2010/12/23 9:22:00 32

Ministry Of Commerce'S Import Channels For Grain And Cotton

Yesterday,

Ministry of Commerce

Minister Chen Deming said that the foreign trade policy will remain stable next year, promote trade structure balance, promote steady growth of exports, and further expand.

Grain and cotton

Other commodities

Import channel

To ease domestic supply pressure, and will focus on stabilizing prices, do a good job in storage and delivery of important commodities such as meat and sugar.

In addition, an import coordination mechanism will be established for key commodities such as iron ore and potash fertilizer.

Orient Securities analyst Zhong Jian: the position of the Ministry of Commerce has given the export oriented enterprises a reassurance. Mapping to the stock market is mainly relying on export textile plates, especially chemical fiber stocks, or will welcome a wave of small positive.

On the one hand, the government's intention to promote exports will ensure the sale of textile chemicals. On the other hand, the government intends to increase imports of cotton and other commodities, which will reduce the cost of materials for textile and chemical fiber enterprises.

The textile and chemical fiber enterprises will make a lot of profits once they get in and out, but this does not change the embarrassing situation of the small profits of the plate.

As for the Ministry of Commerce's position on iron ore, it has little impact on the stock market. Iron ore negotiation is a complex and lasting project.

Although the steel plate trend is good in recent trading days, it is not optimistic about its upward trend.