Domestic Textile Off-Season Is Coming To &Nbsp; High Pressure On Textile Stocks.
Last weekend, the US released the economic data showing that the US consumer confidence index had dropped sharply, and the US dollar continued to weaken. However, the US stock market fell sharply, and the commodity prices were falling. The cotton prices in the ICE period were lower.
According to the data of past years, the price of futures will show a downward trend in the near future due to the pressure of supply to the market for the new cotton market.
The decline in cotton prices outside the country affects the domestic electronic disk.
Cotton price
Lower, the domestic spot cotton shock decline, cotton manufacturers actively sales, large hoarding cotton business quotes loose, small hoarding cotton business quotes are still strong.
Real estate cotton because of limited resources, the price is not much, the price remains stable.
Xinjiang cotton quotation has been reduced, but textile companies are waiting to throw the store firmly. The market is in a stalemate.
In addition, nearly two days in Hubei, Hunan, Anhui and other cotton producing areas, more rainfall, new cotton flowering.
New cotton grows well in northern China for fine weather.
After entering the July, cotton prices went up in the wake of the arrival of the textile off-season, the pressure of policy regulation and the continuous weakening of the prices of Zheng cotton and electronic matching.
The price of cotton yarn and cotton textile market in Shandong, Jiangsu and Zhejiang, Henan and other places has generally been reduced by 500~1000 yuan / ton. With the textile market entering the traditional off-season, the textile enterprises' concerns about the domestic and foreign sales situation of China's economy, textile and clothing in the second half of 2010 may be aggravated, and the price of cotton yarn will be lowered or deepened.
domestic
Cotton spinning Market
At the same time, the domestic polyester and spun market is also facing the same problem. At present, the domestic polyester stock keeps high and the market sales rate is not satisfactory.
The stock pressure faced by the market is particularly evident in the domestic PTA futures market.
Since May this year, the domestic PTA price has entered an accelerated decline stage.
According to statistics, since the beginning of May this year, domestic polyester prices have dropped 1100 yuan / ton, polyester chip prices fell 1000 yuan / ton, a big decline.
However, the operation rate of polyester production enterprises in China has not reduced production capacity in this regard. Instead, it has maintained a high level of market start-up rate, so that the domestic stock market of polyester and spun industrial chain including raw material PTA, polyester staple fiber and polyester filament factory has increased significantly, and market demand has not been able to keep pace with the market price pressure.
At the same time, when the high inventory of textile products is putting pressure on the market, the market anticipate the national dumping and storage.
Spin
The reduction in procurement of textile raw materials from the market, the decline in market demand, and the rush of shipments by domestic retailers made market supply pressure rise and prices fell.
In the second half of this year, the domestic economy is facing a decline in economic growth, while the US economic data has always been relatively weak, and the European debt crisis has not been fundamentally resolved.
Domestic inflation factors make the situation of the country's regulation and control more complicated, which will lead to a fall in domestic textile prices.
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