China's cotton market gradually returned to normal order for rectification

According to the National Development and Reform Commission on the 3rd, the relevant departments have been rectifying the order of the domestic cotton market for nearly a month. The average price of standard-grade lint in the domestic market dropped to 26,300 yuan per ton on December 2, compared to the highest point on November 9 of 31,000 yuan per ton. It dropped by 4,700 yuan, a decrease of 15.2%. The momentum of speculation in hot money has been initially contained and the circulation has improved.

The Development and Reform Commission stated that the Xinjiang Uygur Autonomous Region and the Xinjiang Production and Construction Corps have organized specialized inspections of the cotton market, focusing on inspections of unlicensed purchases, unlicensed processing, and Other illegal acts, and stepped up inspections of social hotline rental or commissioned processing. As of the end of November, a total of 1,622 cotton acquisition and processing companies were inspected, and 130 cases of market violations were investigated and dealt with. Xinjiang Bingtuan ordered 11 enterprises that had purchased cotton in the super-business scope to rectify and penalized 3 companies that had illegally rented cotton processing equipment. In addition, Shandong Province has eliminated 40 cotton processing qualifications from unqualified companies.

In order to strengthen the supervision of cotton quality, the cotton production area organizes special supervision and inspection of cotton quality according to the unified deployment of the national fiber inspection department, focusing on combating the acquisition of ultra-moisture cotton, and the violation of quality and labeling.

Since the listing of Xinmian, the national fiber inspection system has dispatched 11,000 cotton quality supervision law enforcement officers, inspected 3984 cotton enterprises, investigated 684 cases of cotton quality cases, investigated 137 million yuan worth of seizures, destroyed 12 faked dens and dismantled the country. It is expressly forbidden to use 75 pieces of small stick machines, small saw machines and soil packers for seed cotton processing.

In order to speed up the transport of cotton, Xinjiang and the Ministry of Railways have stepped up the dispatch of cotton transport to ensure that the daily output of new cotton is maintained at more than 300 knots, an increase of 50 knots year-on-year. In order to overcome the negative impact of the construction of the southern double-track railway on the transport of cotton, Xinjiang subsidized cotton transport in the southern Xinjiang, implemented road and rail transport, which effectively alleviated the difficulty of cotton outreach in southern Xinjiang. As of the end of November, the Urumqi Railway Bureau had shipped 500,000 tons of cotton, an increase of 5.1% over the same period of last year.