Textile companies are not afraid of cotton prices, the price is stable is the best, afraid of cotton plummeted and continuous decline, if you hurt the vitality, not a couple of years is not up. Weizhou, a textile company in Dezhou, Shandong, sighed, because this year's cotton price ups and downs, Texas cotton acquisition and processing companies are not open to buy, stop and close, coupled with corporate funding and labor costs, many textile companies were forced to stop production.
The ups and downs of the cotton price hurt the industrial chain. From the Zheng cotton price index, this year is still more than 33,000 yuan per ton before and after the Spring Festival this year. Before and after the National Day, it has fallen to the 20,000 yuan mark, a drop of nearly 40%. The cotton farmers at the upper reaches of the industrial chain suffer: "I will lose the grain price below four, the cost of land rents will increase, the fertilizer and labor will increase, the price of grain protection will increase year by year, and the cotton production will not fail. Money!†A surnamed cotton farmer in Fugou, Henan, expressed dissatisfaction.
The cotton spinning companies are even more agonizing, and the situation in Texas reflected by Wei's bosses is only the tip of the iceberg. In the previous cotton year, cotton prices hit a record high due to reduced production and new cotton quality. As a result, the cotton enterprises in the middle stage collectively see more, and cotton has become a common practice. Terminal textile companies have finally been unable to bear the high price burden, and began to adjust the structure of polyester and cotton instead of pure cotton. The structural adjustment made the price of cotton fall after the Spring Festival.
The terminal was hurt by the bad luck. The company where Mr. Ye of Xiamen was located was mainly responsible for doing OEM work for a well-known international clothing brand. The group's cotton procurement was mainly based on Xinjiang cotton. According to him, in recent days, the purchase price of seed cotton in southern Xinjiang fell again, and the spot sales of some cotton enterprises have been inverted. The debt crisis in Europe and the United States has been heated up, and the downstream market is in a sluggish state. Therefore, companies do not dare to accept long-term orders. The first is to digest stocks. Manager Ye said that in some areas of southern Xinjiang, the cotton price quoted is now between 20300 and 20400 yuan/ton, with a loss of more than 300 yuan per ton. According to Wu Wenhai, an analyst at Soochow Textile Raw Materials Market, the slump in the textile market will continue. According to the import and export data released on Thursday, the export value of textile and clothing has dropped month-on-month for two consecutive months and the external demand is insufficient. Downstream polyester polyester market sales were sluggish, prices fell. Demand for terminal textiles has always been weak and it is impacting the upstream industry. He believes that the current SMEs are generally facing the dilemma of reduced orders and funding constraints, the risk of Wenzhou civil capital chain fracture is still spreading. Wu Wenhai is not optimistic about the market outlook. The stagnation of the terminal will inevitably be transmitted to the upper and middle reaches, reflected in the cotton price, and the national cotton price index, which represents the price of 328 cotton in the Mainland, has been hovering around the national purchasing and storage prices.
Can the purchase price of the State Reserve support the cotton market?
According to the notice from the National Development and Reform Commission and the Ministry of Finance, this year the State Reserve Cotton will open an “unlimited amount†of new cotton at the price of standard lint of 19,800 yuan/ton. According to calculations, at present, the State Reserve can accommodate at least 3.6 million tons of new cotton, which accounts for 1/2 of the estimated output of this year's cotton. The market generally expects this to play a role in curbing further declines in cotton prices.
In the international market, usda raised its global cotton output by 268 thousand tons in its latest monthly report in October. Under the influence of the slowdown in global economic growth, consumption was reduced by 183,000 tons, and at the same time, the stock at the end of the period was increased by 636,000 tons. , indicating that the market fundamentals are further relaxed. Ice cotton ** is not weak under the influence of bad data. “For textile mills, the best time is less than 100 cents and even 95 cents or less.†Mr. Wei believes that US cotton still has room for a downward adjustment.
Recently, the purchase of domestic cotton companies has tended to be dull. From the perspective of purchasing and storage, transactions have been successively completed. As of October 12, the cumulative turnover of 960 tons. "This transaction is not optimistic. The market is still waiting to see. The closing price of 19800, which is equivalent to the price of seed cotton, is roughly four pounds per catty. The acquisition cost of cotton enterprises is higher than the sales price, and it is in a loss state. It is still difficult, and sales of cotton yarn are not smooth. Reflected on the ** disk, the price of Zheng cotton to challenge is even lower than the closing price.
Rethinking: Where it hurts, first of all, in the previous year, cotton prices began to sing all the way from August, and the Zheng Cotton Index rose from 18,000 to 33,000 (the spot is in sync with this). Although the business risks continue to increase, but a considerable number of cotton acquisition and processing enterprises will continue to rise in the price of gambling after the market, not only did not sell the stock lint on time, but increased the inventory of lint, and many companies pledged into storage. In the form of grabbing resources, and after obtaining a quality deposit, he continued to invest in the acquisition of seed cotton. The madness in the rise of cotton prices is astounding.
Secondly, the soaring price of lint prices has finally defeated the downstream textile industry. Since April this year, due to cost pressures, some textile companies have begun to adjust their product mix, which has led to a significant reduction in the amount of cotton used. The downturn in textile companies and the significant decrease in cotton consumption , Let lint prices drop rapidly.
Third, since the second half of this year, the debt crisis in Europe and the United States has intensified. Especially in September, collective goods at home and abroad collapsed. As a commodity related to the national economy and the people's livelihood, cotton cannot naturally deviate from the overall macroeconomic environment.
Looking at the dramatic ups and downs of the cotton market in the past two years, leaving us with more painful lessons. With painstaking thoughts, companies in the cotton industry chain, especially cotton enterprises as intermediate links, should further sum up their views in depth. They must use a macroscopic perspective to look at the world and respect the laws of the economy. They must not just stare at the fundamentals of cotton varieties.
The ups and downs of the cotton price hurt the industrial chain. From the Zheng cotton price index, this year is still more than 33,000 yuan per ton before and after the Spring Festival this year. Before and after the National Day, it has fallen to the 20,000 yuan mark, a drop of nearly 40%. The cotton farmers at the upper reaches of the industrial chain suffer: "I will lose the grain price below four, the cost of land rents will increase, the fertilizer and labor will increase, the price of grain protection will increase year by year, and the cotton production will not fail. Money!†A surnamed cotton farmer in Fugou, Henan, expressed dissatisfaction.
The cotton spinning companies are even more agonizing, and the situation in Texas reflected by Wei's bosses is only the tip of the iceberg. In the previous cotton year, cotton prices hit a record high due to reduced production and new cotton quality. As a result, the cotton enterprises in the middle stage collectively see more, and cotton has become a common practice. Terminal textile companies have finally been unable to bear the high price burden, and began to adjust the structure of polyester and cotton instead of pure cotton. The structural adjustment made the price of cotton fall after the Spring Festival.
The terminal was hurt by the bad luck. The company where Mr. Ye of Xiamen was located was mainly responsible for doing OEM work for a well-known international clothing brand. The group's cotton procurement was mainly based on Xinjiang cotton. According to him, in recent days, the purchase price of seed cotton in southern Xinjiang fell again, and the spot sales of some cotton enterprises have been inverted. The debt crisis in Europe and the United States has been heated up, and the downstream market is in a sluggish state. Therefore, companies do not dare to accept long-term orders. The first is to digest stocks. Manager Ye said that in some areas of southern Xinjiang, the cotton price quoted is now between 20300 and 20400 yuan/ton, with a loss of more than 300 yuan per ton. According to Wu Wenhai, an analyst at Soochow Textile Raw Materials Market, the slump in the textile market will continue. According to the import and export data released on Thursday, the export value of textile and clothing has dropped month-on-month for two consecutive months and the external demand is insufficient. Downstream polyester polyester market sales were sluggish, prices fell. Demand for terminal textiles has always been weak and it is impacting the upstream industry. He believes that the current SMEs are generally facing the dilemma of reduced orders and funding constraints, the risk of Wenzhou civil capital chain fracture is still spreading. Wu Wenhai is not optimistic about the market outlook. The stagnation of the terminal will inevitably be transmitted to the upper and middle reaches, reflected in the cotton price, and the national cotton price index, which represents the price of 328 cotton in the Mainland, has been hovering around the national purchasing and storage prices.
Can the purchase price of the State Reserve support the cotton market?
According to the notice from the National Development and Reform Commission and the Ministry of Finance, this year the State Reserve Cotton will open an “unlimited amount†of new cotton at the price of standard lint of 19,800 yuan/ton. According to calculations, at present, the State Reserve can accommodate at least 3.6 million tons of new cotton, which accounts for 1/2 of the estimated output of this year's cotton. The market generally expects this to play a role in curbing further declines in cotton prices.
In the international market, usda raised its global cotton output by 268 thousand tons in its latest monthly report in October. Under the influence of the slowdown in global economic growth, consumption was reduced by 183,000 tons, and at the same time, the stock at the end of the period was increased by 636,000 tons. , indicating that the market fundamentals are further relaxed. Ice cotton ** is not weak under the influence of bad data. “For textile mills, the best time is less than 100 cents and even 95 cents or less.†Mr. Wei believes that US cotton still has room for a downward adjustment.
Recently, the purchase of domestic cotton companies has tended to be dull. From the perspective of purchasing and storage, transactions have been successively completed. As of October 12, the cumulative turnover of 960 tons. "This transaction is not optimistic. The market is still waiting to see. The closing price of 19800, which is equivalent to the price of seed cotton, is roughly four pounds per catty. The acquisition cost of cotton enterprises is higher than the sales price, and it is in a loss state. It is still difficult, and sales of cotton yarn are not smooth. Reflected on the ** disk, the price of Zheng cotton to challenge is even lower than the closing price.
Rethinking: Where it hurts, first of all, in the previous year, cotton prices began to sing all the way from August, and the Zheng Cotton Index rose from 18,000 to 33,000 (the spot is in sync with this). Although the business risks continue to increase, but a considerable number of cotton acquisition and processing enterprises will continue to rise in the price of gambling after the market, not only did not sell the stock lint on time, but increased the inventory of lint, and many companies pledged into storage. In the form of grabbing resources, and after obtaining a quality deposit, he continued to invest in the acquisition of seed cotton. The madness in the rise of cotton prices is astounding.
Secondly, the soaring price of lint prices has finally defeated the downstream textile industry. Since April this year, due to cost pressures, some textile companies have begun to adjust their product mix, which has led to a significant reduction in the amount of cotton used. The downturn in textile companies and the significant decrease in cotton consumption , Let lint prices drop rapidly.
Third, since the second half of this year, the debt crisis in Europe and the United States has intensified. Especially in September, collective goods at home and abroad collapsed. As a commodity related to the national economy and the people's livelihood, cotton cannot naturally deviate from the overall macroeconomic environment.
Looking at the dramatic ups and downs of the cotton market in the past two years, leaving us with more painful lessons. With painstaking thoughts, companies in the cotton industry chain, especially cotton enterprises as intermediate links, should further sum up their views in depth. They must use a macroscopic perspective to look at the world and respect the laws of the economy. They must not just stare at the fundamentals of cotton varieties.
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