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Textile Exports Increased By &Nbsp; Cotton Prices Fluctuated Upward.

2010/7/1 12:03:00 67

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Export Price Of Cotton In Textile Industry

In the past, the normal price range of cotton price was 13500-15500 yuan per ton.

Cotton price

The bottom line has been raised and will fluctuate within 15000-18000 yuan per ton.

Textile export increased variables

In June 19th, the people's Bank of China announced that it would further promote the reform of the RMB exchange rate formation mechanism and enhance the flexibility of RMB exchange rate.

If the RMB appreciates more than 5%, the domestic cotton market will be double suppressed by the competitiveness of imported cotton and the decline of textile industry demand.

Statistics show that the export dependency ratio of China's cotton textile, wool textile and garment industry is 20%, 27% and 60% respectively.

If RMB appreciation is 1%, the operating profit of export products of cotton textile, wool textile and garment industry will drop by 15.96%, 8.4% and 10.3% respectively.

If we consider the degree of dependence on exports in every industry, the value of RMB will rise by 1%, cotton spinning and weaving.

Wool textile

The overall degree of damage to the garment industry, that is, the industry's profit margin will fall by 3.19%, 2.27% and 6.18%%.

Short term attention to regulatory information

At present, China

cotton

328 the price index is 18360, the highest point in history. This is mainly determined by the basic supply and demand of cotton, and the fact that prices remain high for a long time also shows that the domestic stock market is in a tight state.

Therefore, the China Cotton Association made a statement in June 18th, referring to the relevant departments in actively coordinating Xinjiang cotton pport, will introduce relevant regulatory measures to meet textile demand, maintain market stability, and implement the smooth pition of cotton in the new and old year.

The market has once been rumoured that the country will throw 600 thousand tons of national cotton reserves in the near future, and the price of dumping is likely to be a price limit, which will have a big negative impact on cotton spot and near-term futures contracts, so investors need to pay close attention to this information.

In the short term, with the increase of the replenishment of textile enterprises, the tight supply situation of domestic cotton is more obvious, and spot cotton prices continue to rise.

Considering that cotton resources in the market are decreasing day by day, it is very difficult for cotton to break away from the high and high concussion zone.

The author believes that cotton throwing and foreign cotton quota policy is a key factor in the short term cotton market trend.