The Most Obvious Surprise Is The Announcement Of The Public Sale Rules For Reserve Cotton.

In July 7, 2015, China National Cotton Storage Corporation and the whole country.

The joint market has been released.

(hereinafter referred to as the "reserve cotton sales rules") indicates that the opening of some cotton reserves by the state in the form of open bidding is officially opened, and the quiet cotton market will become more lively in 7 and August.

In view of the recent speculation on cotton reserves, we found that the indicators of public inspection were the most unexpected.

The reserve cotton sales rules released yesterday indicated that the cotton yard inspection certificate includes: the quality of domestic cotton inspection workers, the color grade, the quality of imported cotton inspection workers, the color grade, the length, the micron value, and other quality indicators shall be based on the notarization test or the Chinese commercial inspection results.

Domestic cotton is sold in accordance with the official weight of notarization inspection, and imported cotton is sold according to the net weight inspection results issued by China Commodity Inspection.

Originally, we all thought that 2011 years of reserve cotton storage for 4 years, we should check the color, weight and other indicators.

In addition, compared to the 2015 reserve cotton sales rules and the 2013 reserve rules, it was found that the margin, purchase qualification and purchase amount in 2015 were also quite different from that in 2013.

In 2013, the deposit deposit and the performance bond stipulated in the rules for the issuance of reserve cotton were much higher than those required by the reserve cotton rotation in 2015, and the sale of cotton reserves in 2015 had basically no restrictions on the qualifications of the buyers and the number of bids.

In fact, no matter whether the cotton quality inspection index or the purchase qualification, quantity and performance margin changes, the aim is to maintain the current market stability, not to suppress the market, improve the cotton reserve control mechanism, orderly digest the national reserve cotton inventory, lighten the financial burden, and gradually reduce the reserve scale to a reasonable level.

The seemingly simple changes reflect the complex mentality and downstream of the government.

The survival of the industry.

In any case, the reserve cotton wheel is already in the firing line. As for participating in the auction or stopping to wait and see, I believe that everyone has a clear answer in mind.