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Signs Of Shortage Of Funds In Textile Enterprises Are Beginning To Show.

2011/4/12 13:59:00 47

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Shortage Of Funds In Textile Enterprises

In recent years, China's central bank's interest rate rises have been on the rise. Previously, the unresolved Euro rate hike was announced on the evening of April 7th in Beijing.

The European central bank officially announced its rise.

interest rate

0.25 percentage points raised the euro zone's leading interest rate to 1.25%, which means that the euro zone economies began to tighten their liquidity and constricted liquidity, which would also create greater pressure on the global commodity market.

From the domestic market, the situation of excess liquidity has ended. For the textile industry, the shortage of funds has begun to appear.

Because of the appreciation of the renminbi,

Raw material

Price increases and labor force

cost

The rise of the state and the tightening of monetary policy to control inflation have made the liquidity of domestic textile enterprises begin to face tension.

According to the person in charge of the sales of cotton spinning equipment in a famous large textile machinery enterprise in China, beginning from the beginning of March, the domestic textile enterprises began to have a backlog of products, and some printing and dyeing enterprises reduced the volume of delivery. In April, this situation has not improved, but on the contrary, there has been a further expansion. Especially for some small cotton spinning enterprises and enterprises with relatively backward technology level, the situation of product accumulation is even more serious. This situation has obviously contrasting with last year.

Last year, banks also paid loans to cotton spinning enterprises.

According to a company engaged in printing and dyeing equipment production in Hunan, there was a delay in pick-up of the stereotype machine produced by the company, and the enterprises that were eager to pick up the goods were also decreasing.

These appearances indicate that market regulation has begun to emerge and the role of financial policy adjustment has begun to appear.

Gao Yong, vice chairman of the China Textile Industry Association, talked about the impact of other industries on the textile industry under the market regulation. From the perspective of the reduction of car sales and real estate downturn and the reduction of GDP growth target, this is not just a digital game. The demand for shrinkage has already appeared. The inflationary damage to the economy is also obvious. In the end, it also increases the government's determination and measures to control prices.

According to Premier Wen Jiabao's statement at the two sessions this year, our government's primary task this year is to fight inflation and maintain the basic stability of the overall level of prices. We also stressed that we should try our best to eliminate the adverse effects of imported and structural inflation factors, absorb the upward pressure on factor costs, correctly guide market expectations, and resolutely curb the upward trend of prices.

Obviously, the government's intention to control prices is more intense.

For textile industry, adjustment is inevitable.

Yang Lijia, director of sales and marketing of Jingwei joint stock company, talked about the recent changes in the raw material market to the industry. He said that the recent signs that the futures market was going up or down was already showing that the upward trend of the futures market began to reverse. Most of the products hit a new low in the year. PTA and cotton both hit the 10 week moving average.

Copper fell 396 US dollars in early March, the largest single day decline since mid November last year, especially in the past month, when copper fell by 800 US dollars.

Cotton prices, which appear to be very strong recently, seem to be under pressure. Cotton prices have dropped 4 weeks in the past 5 weeks. On the one hand, the state allows cotton trading market warehouses to enter the futures delivery warehouse. On the other hand, the futures delivery warehouses are greatly increased. In addition, because of the faster appreciation of the renminbi, the export orders for textile products have dropped significantly.

The rising cost of labor, the tightening of state credit and the increasing difficulty of enterprise loans will bring the tension of the capital chain of textile enterprises to a new high in the second half of the year.

Industry stakeholders believe that as the country tightens monetary tightening, the shortage of funds in the textile industry will be reflected in the second half of this year, and the excessive momentum of industry development will also weaken.

Although some people believe that most of the textile industry's capital comes from private capital, the impact of policy regulation will not be great. But it is worth noting that the environment will inevitably affect the textile industry which is closely related to other industries, and the textile industry can not escape the impact of shortage of funds.

However, on the other hand, the shortage of funds will also help the textile industry to adjust itself and bring opportunities for enterprises to recuperate.