Textile Enterprises To Inventory Significant External Yarn To Open A Skyrocketing Mode

After last week's yarn price stop falling, this week began to slightly recover. As of September 3, cy c32s pure cotton yarn reported 18455 yuan / ton, up 15 yuan / ton compared with last week.

Compared with the increase of cotton yarn, cotton growth this week can be described as "momentum is booming", as of September 3, cc3128b cotton index closed at 12841 yuan / ton, which continued to rise 182 yuan / ton compared with last week. Soaring raw material prices further hindered spinning At present, the cotton inventory of textile enterprises has reached a low point in nearly three years. In order to reduce the cost of cotton production, enterprises need to reduce the cost of production. For example, the current sales price of 40 combed pure cotton yarn is around 19200 yuan / ton. If the lint cost exceeds 12000 yuan / ton, the textile enterprises will lose no difference. As a result, some textile enterprises bought back imported cotton from Qingdao, while others purchased local cotton from Henan. The price of these lints to the factory is within 12000 yuan / ton. After the lint is produced and processed, the cotton yarn quality can also meet the needs of downstream customers. This can not only ensure the normal production, but also ensure no loss or slight profit.

From August to now, the effect of yarn de stocking is remarkable. As of September 3, the inventory index of Chinese yarn enterprises closed for 26.3 days, 6.3 days lower than that of the same period of last month, and the inventory is close to the level of the same period last year. However, the theoretical "hot sale" did not open the full speed operation mode of the yarn market, and the start-up remained stable, which was maintained at about 49%. The biggest problem is obvious, in terms of cost. The continuous rise of raw materials makes the survival of textile enterprises, especially small textile enterprises, more difficult. Recently, China's purchasing manager index released by the National Bureau of statistics shows that the PMI of the manufacturing industry in August was 51.0%, slightly lower than that of the previous month by 0.1 percentage points, indicating that China's economic prosperity has continued to recover. However, it is worth noting that the PMI of small enterprises was 47.7%, down 0.9% from last month. It is not only still below the critical point, but also has accelerated the downward trend. In August, more than 50% and 40% of small enterprises reported insufficient market demand and tight funds respectively, and their production and operation still faced many difficulties. Small enterprises, of course, include small textile enterprises, small textile factories, small clothing enterprises, as well as small trading companies. Their survival problems are as prominent as those in June and July.

In terms of imported yarn, there has been a significant rise in recent years. As of September 3, FCY index c32s closed at 18550 yuan / ton, up 186 yuan / ton compared with the same period last week. So far, the inside and outside yarn has been hanging upside down for more than three months. Among them, under the recovery of domestic demand in India, the opening rate of cotton mills rose to 70-80%, and the price rose with the recovery of domestic demand, indicating a good recovery of demand. The main reasons are as follows: first, after the price of Indian yarn fell to 2.1, the price performance ratio became prominent. China and Bangladesh increased their procurement significantly, and the international demand was a support for their price stability and strength; second, after July, India's domestic demand gradually recovered, and the demand recovery continued to the present, and the recovery situation was beyond expectations; third, due to the fact that India's cotton mills faced the future market after the epidemic The pessimistic expectation of the yarn mill makes the operating rate of the mill stay at a low level for a long time, and the cotton yarn inventory is in a low position for a long time, so there is not too much pressure on the cotton yarn supply side. After the price rise in India, China's purchase of Vietnam yarn increased, and the inventory of Vietnam yarn mill decreased, and the price strengthened. At present, the price of external yarn has increased by 5-10 cents compared with last week, with India rising more, Vietnam and Pakistan rising less. The price of cotton yarn will rise in the short term.

From the perspective of the future market, the current cotton raw material prices are rising too fast, and there is an attempt to promote the downstream cotton yarn, grey cloth, clothing and other terminals to rise in unison. However, in recent weeks, it may have played a role of "helping the seedlings grow", making the gradually restored production and marketing of gauze and high load operation suffer another blow. Internally, the quality of this year's "gold nine silver ten" is seriously insufficient, which can not support the continued recovery of cotton consumption. Externally, the export environment and external factors faced by China's textile and clothing enterprises are becoming more and more complex. In addition to the sharp deterioration of Sino US relations due to the continuous provocation from the US in economic, political and military aspects, the relations between China and the United States, China, Canada, China, Australia and Japan are also becoming more delicate The uncertainty has risen sharply. On the news surface, the U.S. ban on domestic Xinjiang cotton has a growing impact on domestic enterprises, and the recovery of demand side is not expected to be too strong. From the point of view of cotton yarn end, a small rise in the near future is expected, and a substantial rise is relatively difficult.