The domestic cotton price is about 80% higher than that of printed cotton, and the new round of printing cotton still stands high

Although the price of cotton rose after the Spring Festival in the downturn more than three months later, the world's largest textile company Shandong Weiqiao Venture Group Co., Ltd. (hereinafter referred to as the "Weiqiao Group") still shot - buy cotton.

On February 14, Weiqiao Group began issuing its first short-term vouchers for 2012. The short-term ** coupon with a face value of RMB 1 billion in this period is 270 days. Weiqiao Group announced that it intends to use all the raised funds for the purchase of lint.

"The roller coaster-style cotton prices in the past two years have made most textile companies wait and see. This year, most of the textile companies started a lot later than in previous years." On February 22, Ma Junkai, deputy secretary-general of the Cotton Association of Dezhou City, Shandong Province, said, " In particular, after October last year, the price of cotton dropped, resulting in a decrease in the price of cotton yarn. Textile companies are basically in a state of loss or profit.

Wei Qiao ** cotton It is reported that Weiqiao Group issued a short-term ** vouchers for the current period of 1 billion yuan for the first period in 2012, and intends to raise funds for the purchase of lint.

On February 21st, the price of cotton continued to rise, and the purchase price of third-grade lint of textile enterprises was 19,800 yuan/ton. The transaction volume was small, but the purchase volume of imported cotton increased.

According to industry analysts, the reason why Weiqiao Group collected cotton early should be related to the new round of cotton temporary storage policy.

"In March of this year, the state will issue a temporary storage policy for 2012." In a recent teleconference of a brokerage organization, the head of the China Cotton Information Center stated that "the basis for the establishment of the reserve price last year was with wheat and corn. This year, grain subsidies and grain purchase prices are all increasing. To stabilize the overall situation of cotton, the final price should be a little higher than 19,800 yuan/ton.”

This means that in the case of the State Reserve Bank, the price of cotton in 2012 is difficult to significantly decline.

"In the past, the new cotton buying season did not end until the end of April and early May. It is estimated that there will be less than two months this year, that is, it will end in March." On February 22, Ma Junkai said that after the Spring Festival, due to cotton prices Warmer, the cotton processing company's enthusiasm for acquisition is higher than in previous years.

A responsible person of the Weiqiao Group, who has always been low-key, said in a telephone interview with this newspaper that the company’s inconvenience was due to the fact that its involvement with listed companies and any opinions expressed by the company may have an impact on the entire industry’s market.

According to the newspaper's understanding, since the listing of Xinmian in October last year, Weiqiao Group intends to purchase 500,000 tons of new cotton in the fourth quarter of 2011 and the first quarter of 2012, with an estimated cash expenditure of approximately RMB 10 billion. The one billion yuan short-term short-selling of this issuance is obviously a measure to make up for the shortfall in liquidity and guarantee the supply of raw materials.