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Cotton Prices Have Fallen By Over 20%.

2011/5/11 14:06:00 66

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A week of market review this week in the fundamentals of many bad factors under the influence, the market continued to skip the low opening, a week shows the overall pattern of shrinking, opening small and high.

By the end of Friday, the Shanghai Composite Index, Shenzhen index and Shanghai and Shenzhen 300 fell 1.64%, 1.99% and 2.23% respectively.

The textile machinery sector grew stronger this week, rising 2.32% a week.

Textile machinery

The pfer of pricing power to China will reduce the cost of textile enterprises to a certain extent. In the context of rising labor costs and speeding up the process of production mechanization, it will be good news for the textile industry.

Everbright textile and clothing sector performed better this week, up 1.44%, outperforming the market, and the textile sector rose 0.48% in the fine print section, and the clothing sector rose 2.22% a week.

A quarterly market is in the closing stage, with better performance of VIC (600152) and Smith Barney clothing (002269) all related to its quarterly performance enough to attract eyeballs.

Industry news developments:

(1) in 2010, the retail sales of children's clothing in major large retail enterprises increased by 21.2% compared with the same period last year, and the retail sales increased by 7.33% over the same period last year.

There are new characteristics in the brand consumption structure of children's clothing products: the brand with distinctive positioning is popular, the brand development of foreign children's clothing is fast, and the consumption structure of regional brands is different.

(2) low base promotes the export of textile and clothing by 24% in the first quarter, and the actual growth rate will weaken in the two quarter.

(3)

Cotton price

The roller coaster fluctuated from 34500 yuan in February 18th this year to 25830 yuan per ton in May 4th.

Cotton prices will be pmitted to the terminal garment enterprises for a longer time, and clothing brands will be more active and have less influence on bargaining power. The middle textile enterprises will have to bargain up and down, rather passive, and there is still a considerable amount of inventory to be digested in the textile enterprises.

Dynamics of listed companies:

(1)

Youngor

(600177) publish a quarterly report;

(2) Keno Technology (600398): publish a quarterly report;

(3) American bond clothing: issuing short-term financing coupons;

(4) deep textile A (000045): invest in capital construction projects with equity companies;

(5) Mei Bang dress:

The subsidiary company purchase technology has been certified by "high and new technology enterprise".

Industry data summary: {page_break}

Raw materials: grade 328 cotton spot: 26076 yuan / ton (-3.16%); American cotton Cotlook A:168.70 cents / pound (-2.32%); viscose staple fiber: 23100 yuan / ton (-0.65%); polyester staple fiber: 13320 yuan / ton (-1. 33%).

Textile and garment export data analysis in the first quarter showed three characteristics: 1., exports to traditional markets grew faster;

2. China ASEAN FTA preferential tariff to speed up bilateral trade; 3., the export of yarn fabric is increasing, and the export price of large commodities has been raised.