To stabilize the market, meet the cotton textile cotton, August 9, the national development and reform commission, China ChuBeiMian management company approved by the state ChuBeiMian outbound sales announcement (2010 no.2) ", will ChuBeiMian 600,000 tons of national market.
   The announcement said, since August 10, in 2010, this batch of GuoChuMian through the cotton market ChuBeiMian JingMai trading system JingMai publicly. Time for since August 10th national legal working days of every 2:00pm. According to specific transaction approved by the relevant departments of the state ChuBeiMian JingMai trade measures.
The announcement of the qualification and bidding auction price, quantity, quality inspection, etc JingMai for specified below:

   An auction, the qualification. For the decrease of the intermediate links, and the competition for the national bureau of statistics (NBS) limited quantity of spinning in statistical range of cotton textile enterprises, according to the specific about ChuBeiMian participation JingMai trade qualification examination of the relevant provisions of the announcement.
  Second, the total quantity control weekly and bidding. To avoid large cotton textile enterprise inside short time, centralized purchasing 20 million pounds per week of cotton textile enterprises above clinch a deal amount shall not exceed bid accumulative total of 10 days, the YongMianLiang 20 million pounds of textile enterprises under transient do not purchase schedule. All bidding enterprise total bidding amount shall not exceed the maximum YongMianLiang 1 months.
  Third, the contract deadline and payment. All participating in bidding and cotton textile enterprises must clinch a deal in within 3 days after signing the contract, cotton trading market, and cotton marketing to clinch a deal the payment within 5 days will be remitted to ChuBeiMian management company in China, according to the buyer breach.
  Four, delivery deadline. Force majeure, except in cotton textile enterprises must delivery procedures within 15 days after the goods to the library by the buyer, or default processing.
Five, the forbidden ChuBeiMian reselling changed. All participating in bidding of textile enterprises ChuBeiMian purchase only for self-use, forbid after further other enterprise.   Therefore, in the cotton market purchase contract "is cotton the responsibility of the buyer's needs further clarifying, namely: if the bidder ChuBeiMian scalping of textile enterprises and resell survey, whatever the price level, according to the standard of 1000 yuan/ton deducting margin as liquidated damages, such as insufficient without recourse to deposit, and cancel its ChuBeiMian bidding transaction qualification, three years ChuBeiMian shall not participate in bidding.
  This ChuBeiMian sales for 60 tons. Outbound sales price for ChuBeiMian JingMai 000 yuan/ton (weight), and other BiaoZhunJi, according to the rate of 3% grade level cotton rate 1% for measuring and length.

"Chinese textile net source."

Editor: lu be be