Analysis Of The Latest Market Dynamics Of Textile Enterprises

< p > < strong > the difference between domestic and foreign cotton prices can be narrowed. The colored spinning enterprises can benefit less than /strong > /p >

After P < January 2013, with the increase of a href= "//www.sjfzxm.com/news/" > cotton price < /a >, domestic cotton prices are falling, and the price differentials between them continue to shrink.

From the beginning of this year, the highest price difference of 5270 yuan / ton dropped to the current 3700 yuan / ton, a drop of 30%.

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< p > according to foreign institutions, the global cotton output in will drop by 7% compared with the same period last year, and the demand will rise by 2%, which will further promote the strengthening of foreign cotton prices.

As domestic and foreign cotton spreads continue to shrink, color spinning enterprises will benefit.

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Wu Xiaoyu, an analyst of the textile and garment industry of Minsheng securities, said that because the main raw material of colored spun yarn is cotton, the cost accounts for more than 75%.

In addition, the proportion of direct and indirect exports of color spinning enterprises is as high as 70%, plus the reference price of foreign cotton for foreign orders, and the narrowing of domestic and foreign cotton prices will drive the export price of products of colored spinning enterprises to increase.

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< p > "the smaller the price difference between domestic and foreign cotton, the better for the company."

Zhou Liwen, a representative of the securities business, said in an interview with the Securities Times reporter that at present, the proportion of products directly exported by the company is nearly 50%, and the domestic sales to various processing plants will eventually be exported in the form of terminal products.

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< p > data show that from the scale of production, the blong Oriental and Huafu color spinning (002042) have their own capacity of 800 thousand and 1 million 250 thousand spindles respectively, which occupy 41% of the total production capacity of the colored spinning industry, accounting for 36% and 56% of the high end color spinning production capacity.

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"P > 2012, affected by downstream demand, product price reduction and high cost inventory, the two companies operated under pressure, and their performance declined sharply last year.

Entering the 2013, high priced inventory commodities and raw materials have basically been digested, and the price of cotton is relatively stable. The price of colored spun yarn has begun to rise and stabilize this year.

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< p > in February this year, the export volume of "a href=" http://cailiao.sjfzxm.com/Matertial/show/default.aspx > textile and apparel < /a > US $16 billion 400 million, an increase of 69% over the same period last year, far exceeding market expectations.

The revival of the textile industry is accelerating, and the growth of orders is expected to pick up again for the colored spinning enterprises.

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< p > < strong > < a > href= > //www.sjfzxm.com > cotton price < /a > continue steady textile enterprises have received quota notice < /strong > /p >

< p > domestic cotton spot prices continue to operate smoothly.

The price of yarn in downstream textile enterprises is stable, but external orders are still few, the environment has not yet been improved, market confidence is still insufficient, and imports of low-grade cotton and cotton yarns are still hitting the domestic textile market.

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< p > for nearly two days, textile enterprises have received the quota notice in succession, plus the normal operation of the storage and sale of reserve cotton, the supply of raw materials for textile enterprises is adequate, the spot price of cotton lint is suppressed, and the market pressure is matched.

However, there is a limited supply of high-grade lint in the spot market, and the strong willingness of the holding companies will bring support to the matching market.

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China's main port price of imported cotton fell sharply, with the US cotton, Australia cotton and India Cotton falling more than 2 cents, while Brazil cotton and West Africa cotton fell 1.5 cents and 1.25 cents respectively.

At present, the market is concerned about China's new round of dumping and storage policy. In the short term, the increase in market supply is expected to make the textile mills cautious in procurement.

In the future, even if the report of the US cotton planting area is expected to bring warmth to the market, it will be difficult for the downstream demand to follow up, which will increase the risk of falling cotton prices.

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