In order to ensure the smooth progress of the pilot target price reform, maintain Xinmian listed after the smooth operation of the market, the state will take four measures to strengthen market regulation. One is the Xinmian listed after the cessation of cotton reserves put, creating a good market conditions for the purchase and sale of cotton. Two is to do a good job in the acquisition of new work, guide enterprises and farmers to purchase and sale. Three is to properly arrange import, encourage enterprises to use more domestic cotton. Four is the development support plan, when the domestic market price of cotton fell over, "difficult to sell", will take the necessary measures to encourage enterprises to purchase, to stabilize the market, to solve the problem of "difficult to sell".

"Domestic cotton Shouchu policy exit this year, plus the United States cotton high yield, both at home and abroad since beginning to lower prices. But after entering in September, Xinmian target price subsidies rules are still no formal announcement, the market there are many rumors, related news is all over the sky flying." The senior researcher Miao Ling told futures cotton futures Daily reporter, in order to promote and better implement the target price subsidy policy, helping the market to correctly understand the cotton city new policy, guide the market to straighten out the policy after the implementation of the relationship between the parties, the relevant departments have been actively conducted around the speech, to guide farmers to actively sell cotton, cotton farmers realize cotton prices fell much government can fill how many.

Miao Ling analysis, affected by this, coupled with the market price of cotton in the target price policy under the guidance of the market is expected to accelerate, Zheng cotton price of the contract period September daily average of 1 appear larger decline, in January and May the contract price fell below 152 0173 3840 yuan / ton mark integer, in recent months November contract price of maximal amplitude.

In Zheng cotton each contract, the November contract distance Xinmian listed recently, so the policy change is the most sensitive. In September 3rd, the national development and Reform Commission issued a document, in order to ensure the smooth progress of the pilot target price reform, maintain Xinmian listed after the smooth operation of the market, the state will take four measures to strengthen market regulation.

"In more than four of the market regulation and control measures, the biggest bright spot is the 'backing plans', because before the market has been on this issue is full of speculation, the government determine the support purchase plan, which means that prices may not endless fall. This will have a greater impact on the market price, the market psychology." Miao Ling said, the comprehensive measures after the publication of the Zheng Mianqi price is rising sharply, especially the November contract price increase larger.

However, the national development and Reform Commission did not clear the government in what price market support, so the market rational treatment and understanding "support plan" this policy. At the same time, in the four market government regulation and control measures to implement, mention should properly arrange the import, the personage inside course of study thinks, the meaning is the regulation of quota resources, import prices or will this hit, domestic cotton prices will smooth the transition to the market, domestic and international cotton price linkage will become inevitable.

East Asian cotton futures analyst Xu Liang thinks, Xinmian listed time is approaching, the rules for the reform of cotton target price policy will be introduced, the policy impact on the price of cotton is increasingly clear, with "announced measures to regulate and control the market support plan", estimated price will not because of Chen cotton nucotn carryout remains too high and continues to decline, cotton is expected prices below 152 0173 3840 yuan / ton of small probability.

At present, domestic cotton city carryover is high, but most concentrated in the hands of the government. The new cotton after the listing, in the cotton storage suspended selling situation, together with the government's reasonable regulation of imported cotton resources, domestic cotton market supply pressure may not have the market had expected so much. If the listing of new cotton farmers sell after, so the short-term supply pressure will weaken further. In addition, the target price of cotton subsidies fold to 9 - November market transactions fold as the benchmark, which may exacerbate the cotton trading psychological.

Understand according to the reporter, recently between domestic and imported cotton, cotton prices cost spreads are narrow, and considering the status of cotton inventory low domestic textile enterprises, domestic cotton city with the target price policy implementation of the market the market return may be nearing completion. It is understood, farming issue for 6400-101-7153 yuan of funds this year cotton to cotton, will continue to play the role of the main channel of funds supply. Reprinted from Chinese downwind cotton network www.szlhsb.com?