&Nbsp Caused By Macro Regulation And Control Of Hot Money For Cotton Stir Fried Cotton Enterprises

For several days

As of November 17th, the Chinese government said it would curb excessive speculation, causing some investors to lose their chips.

ICE cotton futures closed at a three week low. ICE's March cotton contract fell 5.05 cents at $1.2415 a pound.

Zheng cotton main contract 1105, affected by ICE cotton overnight limit, opened 27090 points, closed at 27090 points, fell 5.01%, reduced trading volume 1204128 hands, slightly increased positions 202920 hand, limit reported.

The 1105 contract of the main contract was opened at the limit price, and the price rebounded to 28080 after the closing of the board to 10:00. However, due to the strong short kinetic energy during the short period, the price continued to fall to the lowest point within 27170 days until the closing market was still closed.

In November 11th, the macroeconomic data released by the National Bureau of statistics in October showed that CPI rose by 4.4% over the same period last year, while the industrial added value, fixed asset investment and total retail sales of consumer goods increased by a year earlier than that in September. The four quarter economic growth is expected to fall.

In addition, the central bank announced on the evening of 10, from November 16th to raise the deposit reserve ratio of financial institutions by 0.5 percentage points.

MEIKO futures Liu Yi believes that after the central bank raised the deposit reserve rate for the fifth time in a year.

The newly released CPI data hit a new high in the past 25 months and inflationary pressure has increased. The interest rate hike is expected to become the focus of discussion again.

In recent two days, in order to avoid risks from policy, Zheng cotton and matchmaking showed an adjustment pattern.

Affected by this, the spot market wait-and-see atmosphere is strong, the domestic cotton price rise has slowed down.

Cotton prices soared but orders for textile processing industry did not increase.

Cotton prices have been rising this year.

Driven by the US cotton boom, the cotton index has also risen from 17709 yuan / ton in early September to 29980 yuan per ton, or nearly 63%.

The sharp rise in cotton prices not only caused great concern of the government, but also made textile enterprises in trouble.

"Because the materials needed at present are all produced at a cost of 20 thousand / ton, the rise in cotton prices has not yet had a direct impact on our current production.

But after the inventory is exhausted, we will have to face up to 30 thousand / ton of high priced cotton.

Although the price of cotton has reached a high price of 30 thousand / ton, in order to continue the operation of the plant, we will buy it once there is an order in the lower reaches.

Ningjin County Tianrui Textile Co., Ltd. Mr. Huang accepted the "China Times" reporter's interview.

According to Mr. Huang, this year's market is hard to make, raw material prices continue to soar, but orders for downstream weaving and garment factories have not increased, and processing factories can not raise prices arbitrarily, for fear that downstream businesses can not afford to reduce procurement volume, especially clothing orders.

At the same time, it will also face the rise of labor costs. Compared with the Spring Festival, labor costs will rise by 30%. Moreover, local businesses will also be able to slam off the electricity and start work for only 15 days a month. The rest of the time will be shut down. Even if the work is stopped, the cost will continue to increase.

Donghai futures Wang Xu believes that because cotton is the basic raw material for the textile and garment industry, the manufacture of lint to terminal products has a long industrial chain.

The soaring cotton prices will inevitably affect all aspects of the entire industrial chain.

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Because of this, Huzhou Guer Sheng Textile Co., Ltd. is facing the situation of "riding a tiger hard".

The recently concluded Canton Fair has made Mr. Li chagrin, eager to attend the exhibition, hoping to get a good harvest through the exhibition, but I never expected that the order would not be received until the end of the exhibition.

The reason is that the sharp rise in raw material prices has led to an increase in production costs, up by more than 80% compared with the same period last year, and high quality cotton yarn has risen to 48000 yuan / ton.

As a result, the price of the processing factory will also increase, and the psychological price of the customers will not be improved, so that no order can be concluded during the meeting.

At the same time, it will not buy a lot of yarn at present. It can only decide the quantity of purchase according to the quantity of order.

However, relative to the plight of small and medium-sized textile enterprises, garment manufacturers in high-end brands are not affected by the rise of raw materials.

According to the introduction of Hangzhou Jiangnan Buyi Garments Co., Ltd., the price of the garments produced is basically maintained and the price is not adjusted. The reason is that the added value of the garments of the company is higher.

Therefore, even if the raw materials have gone up, it will not affect the sales of products.

Compared with the sales of students' clothing enterprises, because of their own brand low added value, they will be faced with the possibility of a substantial increase in prices.

For example, the price of the original unit price 100/ garment may increase directly to the price of 200/ due to the increase in the price of raw materials.

Therefore, the larger the brand, the smaller the impact.

Polyester staple fiber failed to become a life-saving straw for textile enterprises

Pang Chunyan, an analyst with Yongan futures energy and chemical industry, believes that PTA's continuous trading and high cotton prices in early days have caused the rapid spread of PTA's spread.

As cotton is one of the important raw materials of textile and garment industry, cotton prices are rising rapidly, which is good for their related products, polyester staple fiber.

Staple fiber is mixed with cotton in the process of weaving, and the ratio of the two in textile can be adjusted according to the actual situation.

If cotton prices rise too fast, it will inevitably lead to an increase in the amount of polyester and yarn in spinning.

At the same time, PTA as a synthetic raw material for short staple fiber, short staple sales to boost the demand for PTA, its price is bound to be strengthened by short fiber and strong.

That is to say, the rise in cotton prices indirectly boosted the price of PTA, especially when cotton prices rose too fast, especially for PTA.

Just as textile enterprises began to use short fiber as a substitute for cotton production, the spot price of PTA continued to soar, so that the production of textile enterprises in Jiang Zhe's area was almost at a standstill.

Liao Zhaobo, a former Formosa Petrochemical Co in Zhejiang, told reporters in an interview with the China times that it was precisely because of the rising prices of raw materials that led to the export processing enterprises of textile, luggage and fabrics in Jiangsu and Zhejiang provinces. The orders signed in 9 and October were faced with the dilemma of re signing with foreign businessmen.

We thought that we could shorten the production cost by using short fiber as the substitute material for cotton. But in a few days, the price increased from 8000/ tons to 13810 yuan / ton.

Therefore, only by raising 20% on the basis of the original factory price, can these enterprises continue to operate, but foreign investors are unwilling to re sign them.

At the same time, Liao Zhaobo also believes that although the PTA price rises are extremely unfavorable to the downstream textile enterprises, the situation is very good compared with the enterprises producing and processing PTA.

At present, from the profit level of polyester links, the gross profit of processing is currently around 2000-2200 yuan / ton, which is at a higher position compared with the historical gross profit level.

Therefore, considering the factory profit, the start-up rate of polyester plant will also be maintained at a higher level in the short term.

However, the price of raw materials will have an impact on the sales volume before the price rises. As the downstream export enterprises are facing the problem of export difficulties, they will definitely affect the sales volume of PTA processing enterprises.

For the downstream textile industry, whether the plight of the finished products will be faced with poor sales will affect the PTA demand, the reporter interviewed Guotai Junan Futures Ni Jiannan, he has different views on this issue, he thinks that the price pfer between upstream and terminal has a time difference.

Textile and clothing exports generally lag for 2~3 months compared with upstream polyester fibers.

Terminal textiles and garments are affected by the excessive cost of raw materials, and the procurement of intermediate goods will be cautious.

However, due to the high profit and low inventory characteristics of polyester fiber, there is no obvious pressure on sales and raw material procurement.

And downstream procurement gradually weakened, polyester fiber stocks gradually pick up time to wait, inventory level higher, downstream demand weakened, support for PTA demand will weaken.

Therefore, for the time being, it will not affect.