Rising Purchasing Costs And Fluctuating Prices -- Textile Inventory Survey

On the one hand is raw material procurement caused by the inflation tiger's roaring. cost On the one hand, the demand for goods is weak, resulting in an increase in inventory. Many enterprises in the cracks have begun to face a sharp increase in product inventories.

Raw material cost Rise With the sharp increase in product inventories, the risk of slow growth in enterprise performance under the high cost burden is also increasing. Under such circumstances, the slogan of reducing inventories and even going to stocks has been echoed across many enterprises.

Order production is a way to reduce inventory. This is evident in the operation mode of a number of small and medium-sized enterprises in Zibo recently - "accepting orders - purchasing raw materials - products".

　　 No enterprise Stock sample

New and high steel prices have allowed many companies concerned to "accelerate heart rate". Among them, there is also a figure of Shandong new century steel structure engineering Co., Ltd.

"In the first half of this year, the price of steel has been fluctuating." In May 13th, Shi Baoyong, the purchasing manager of the fruit company in Huantai, told the newspaper. According to Shi, its company mainly produces steel structure, and steel is the main raw material for its purchase.

In the long term concern of "my steel" online, "domestic construction steel prices in the" 51 "breakthrough in mid February high point, hit the new high since 2008 October, the expression undoubtedly confirms Shi Baoyong's view of the rise in steel prices.

It is worth noting that the rising steel prices since March did not allow the company to increase procurement of steel. "Under normal circumstances, enterprises do not require more steel stocks." Shi Baoyong, who is responsible for the procurement of enterprises, said that after the product contract was signed, they purchased the steel through the relevant inquiry.

The constant fluctuation of steel market also makes the raw material purchasing business of these enterprises more prudent than before. "The enterprise has ordered" my steel "net, pays close attention to the price trend of domestic steel enterprises at any time, so as to make any adjustment at any time. According to Shi Baoyong, how to purchase raw materials according to the trend of steel price can reduce the cost of enterprises as far as possible.

At the same time, the rise of raw materials also helps to increase the prices of enterprises. From "4500 yuan -4600 yuan / ton" to "5100 yuan / ton" - this is the price curve of the company's products in the first half of this year.

However, the increase in product prices and increase in market demand did not allow this company to increase production strength. "Enterprises are based on order production, orders will not meet after production." Shi Baoyong told the newspaper that there was no surplus stock in the steel structure products of the company as compared with its raw materials.

　　 Enterprise inventory worries

In fact, more enterprises are faced with double hidden worries of rising purchasing cost of raw materials and soaring stock of products.

In the first half of this year, under the increasing pressure of inflation, with the price rising of steel, cotton and other commodity prices and breaking through previous expectations, the production cost of enterprises has been rising. And Shi Baoyong's enterprises are also facing an embarrassing situation of rising raw material prices.

Among them, data from the Zibo investigation team of the National Bureau of statistics show that in the first quarter, the main index of purchasing prices of raw materials and energy for industrial enterprises in Zibo was only 36.6. The prosperity index of "36.6" is also showing that production costs continue to show an increasing trend due to the rising prices of raw materials.

It is worth noting that under the increasing pressure of inflation, increasing procurement of raw materials and intermediate goods is an effective way to resist inflation. However, like Shandong's new century steel structure, most enterprises have not blindly increased procurement of raw materials. "The prices of cotton and other commodities fluctuate too much, and companies dare not blindly accumulate raw materials." 13, the office of Gaoqing textile enterprise told the newspaper that the cotton inventory of its enterprises generally guaranteed the production of the enterprises for one month. "Once the cotton prices are cut down, the enterprises may also face losses."

However, as upstream costs rise and downstream demand is sluggish, many enterprises are increasingly facing the hidden trouble of surging stock of products.

According to new reports, as of the end of March, the book inventory of Listed Companies in Shanghai and Shenzhen two has reached 3 trillion and 530 billion yuan, exceeding the level before the financial crisis in 2008, and hit a record high.

What is more worrying is that the surge in product inventories may also bring instability to the development of enterprises. On the 14 day, Hao Feng, a consultant of Shanghai Hua ran Cci Capital Ltd, told the newspaper that the increase in product inventory took up all kinds of resources, such as funds, personnel, warehouses and other resources, which greatly affected the production efficiency of enterprises, greatly increased production costs and insufficient liquidity.

In this way, in order to seek the development of enterprises in the increasingly complex economic environment, many enterprises begin to turn to how to answer "whether to go stock".

　 De inventory and speculation

De stocking, or become part of the business to change the operation of the choice.

In response to this, CITIC Securities, a domestic brokerage, also pointed out in a report that the direction of future performance change of enterprises is mainly based on energy prices and the inventory speed of manufacturing industry.

However, it is worth noting that in the process of enterprise going inventory, "the risk of slowing down of corporate profits will increase significantly." Hua ran investment advisory told this newspaper. Therefore, under the inflationary pressure and the weak demand of products, how to stock up, or how to avoid excessive inventory of products, is more worthy of thinking among business executives.

In recent surveys of many small and medium-sized enterprises in Shandong, including the new century steel structure in Zibo, most of them adopt the operation mode of "accepting orders - purchasing raw materials - products". This also provides a reference for other enterprises.

"Now inflation is very strong, raw material prices fluctuate greatly, enterprises face every order must do a good job in the early stage, seize the time to produce." 13, Shi Baoyong told the newspaper. Like Shi Baoyong's company, Shandong wofen new fabric Co., Ltd., located in Yiyuan, Zibo, has adopted the mode of order production to resist the double pressure of high cotton prices and the difficult market situation.

"Enterprise products have no inventory, production and marketing balance." 13, the company's supply department official told the newspaper that all the enterprises in it were ordered production, "no orders, no market risk." For the recent cotton prices in the callback trend, the supply department said, "cotton prices have dropped, but because they can not see the market trend, they dare not buy too much."

In the process of enterprise going to inventory, Hua ran investment consulting told this newspaper that under the pressure of high inventory pressure, the realization of inventory soft landing and maintaining stable development became the focus of enterprises.

"Enterprises can digest inventory by promoting sales and expanding sales in the three or four tier market." In addition, enterprises can also improve the accuracy and foresight of production and sales plan by means of information management system and the establishment of a sound logistics system.

It can be predicted that more and more enterprises will go to the stock market when the inflation tigers are constantly screaming and sales are weak.