Looking at the current market as a whole:
According to the 20 12 temporary cotton purchasing and storage plan, the cotton purchasing and storage price this year is 20,400 yuan/ton, which is higher than that of 20 1 1 year in 600 yuan.
Zheng Mian 130 1 recent price 19500.
According to today's price, the difference is in 900 yuan/ton.
Suppose an enterprise buys cotton in the futures market and then sells it to the state treasury, and it has to bear the delivery cost, which is about 100 yuan/ton; In addition, enterprises should calculate the capital cost according to the margin scale and financing cost of futures positions. It should be noted that the size of the margin does not mean that it is only equal to the opening price, and the risks brought by price fluctuations should be fully considered and sufficient funds should be available. Due to the different transportation distances, the transportation costs are calculated separately.
The difference of 900, MINUS the above costs, is the profit of the enterprise.
It is worth noting that this part of the profit requires enterprises to fully consider risks.
1, qualification. Whether it is delivery or warehousing, first of all, the enterprise qualification must meet the standard. This is a risk and a part of fixed expenditure;
2. The national treasury is not stupid. It is the country's concern for cotton industry to throw the bottom and suck high. The difference between throwing and sucking is 2000 yuan, on the one hand, to protect cotton farmers and enterprises. Obviously, this batch of storage is for this year's new cotton. Therefore, the first breach condition in the purchasing and storage conditions is: "the purchase price of seed cotton delivered to the warehouse is lower than the reference price of seed cotton agreed in the contract", and it is liable for breach of contract. Because I am not a real enterprise, I have not participated in the specific process, but the risks of the rules are written in words. My understanding: Unless you have connections to help you prove that your cotton is new, there is no hope of handing it over.
I hope I can help you.