Domestic textile off-season coming, high textile inventory

last weekend, the US economic data showed that the US consumer confidence index fell sharply, and the US dollar continued to weaken. However, the US stock market fell sharply, accompanied by the decline of bulk commodities, the price of ice cotton fell, and traders suppressed the price, resulting in a negative end of the day’s cotton price. From the data over the years, due to the current new cotton listing season, causing a certain supply pressure on the market, the futures price will show a downward trend in the near future

the decline of external cotton price affected the price of domestic electronic cotton, the domestic spot cotton fell in shock, the sales of cotton merchants were active, the quotation of enterprises with large amount of cotton was loose, and the quotation of enterprises with small amount of cotton was still firm. Due to limited resources, the price of real estate cotton remains stable. Xinjiang cotton quotation has been reduced, but textile enterprises are determined to wait for the release of storage, wait-and-see mood is strong, the market is in a stalemate. 1n addition, the recent two days, Hubei, Hunan, Anhui and other cotton producing areas more rainfall, unfavorable to the flowering of new cotton. The northern region maintained a fine weather, and the new cotton grew well

after entering July, due to the coming of textile off-season, greater pressure of policy regulation, and the continuous weakening of Zheng cotton and electronic matchmaking prices, cotton prices are weak. Cotton yarn prices in Shandong, Jiangsu, Zhejiang, Henan and other cotton mills and light textile markets are generally reduced by 500-1000 yuan / ton. As the textile market enters the traditional off-season, textile enterprises may be more worried about China’s economy and the situation of domestic and foreign sales of textiles and clothing in the second half of 2010, and the reduction of cotton yarn prices may deepen

while the production and sales situation of domestic cotton textile market is not good, the domestic polyester textile market is also facing the same problem. At present, the domestic polyester inventory continues to be high, and the market sales rate is not satisfactory. The inventory pressure faced by the market is particularly obvious in domestic PTA futures market. Since May this year, domestic PTA futures prices have entered a stage of accelerated decline. According to the statistics, since the beginning of May this year, the domestic polyester price has dropped by 1100 yuan / ton, and the polyester chip price has dropped by 1000 yuan / ton, a big drop. However, the operating rate of domestic polyester production enterprises did not reduce the production capacity, but maintained a high level of market operating rate. As a result, the inventory rate of domestic polyester textile industry chain, including raw material PTA, polyester staple fiber and polyester filament factory, increased significantly, and the market demand could not keep up in time, resulting in the market sales price falling under pressure

while the high domestic textile inventory puts pressure on the market, the market’s expectation of the state’s dumping and storage makes the textile enterprises reduce the purchase volume of textile raw materials from the market, and the market demand drops. Meanwhile, the domestic sellers are eager to ship, which increases the market supply pressure, and the price immediately drops

at present, in the second half of the year, China is facing the problem of declining economic growth, while the economic data of the United States has been relatively weak, and the European debt crisis has not been fundamentally solved. Domestic inflation factors make the situation of national regulation more complicated. These factors will lead to the decline of domestic textile prices

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