Shandong Cotton Yarn Stocks Remain High, Textile Enterprises Shipped Mainstream

Binzhou, located in Shandong, the Yellow River, is known as "the capital of China's cotton textile industry".

Cotton yarn stocks remain high

At present, Wei Qiao group has 160 thousand employees. It is the most competitive enterprise in China's cotton chemical fiber textile processing industry and the largest cotton textile enterprise in the world.

According to Zhang, director of the group office, sales revenue was 104 billion 400 million yuan and profit was 8 billion 500 million yuan from 1 to August.

Ma Ma Chang, director of the supply department, told the futures daily that the annual cotton consumption is 900 thousand tons, the daily cotton consumption is 2700 - 2800 Jin, 1/3 is imported, 1/3 is self purchase, 1/3 is delivered, and the required cotton grades are mainly four grade cotton and three grade cotton. At present, the company's cotton reserves are reasonable, and the cotton yarn quantity keeps normal stock, which is 10 days to 1 months, and the operating rate is normal.

But the head of a local stock company told reporters privately that according to their understanding, in April, Wei Qiao group had 400 thousand tons of cotton yarn stock, and all its warehouses were stacked with cotton yarn and grey cloth in July, and 1/3 of the production capacity was discontinued.

Not long ago, in the early September, inventories were still high. They estimated that the stock of cotton yarn remained three months, or 200 thousand tons, far higher than the normal stock level of 15 to 20 days.

According to Jiang manager of China Textile Yintai small warehouse, Binzhou's local small and medium-sized cotton spinning enterprises are more difficult to operate, many enterprises are forced to stop production, and even a few enterprises fail.

{page_break}

Textile enterprises shipped mentality into mainstream

In line with the high view of cotton yarn inventory, Guo Chao, manager of Shandong cotton and hemp Co. Ltd., believes that Shandong's local cotton spinning enterprises have a mainstream mentality, which confirms the above views.

At present, the price of pure cotton yarn in Shandong yarn market is mainly stable, the demand for pure cotton combed yarn is acceptable, the cash is enough, the bulk goods are mainly scattered, and combing and high count yarn are not ideal.

Among them, Changyi yarn city low c32s with a pre tax mainstream price of 25500 - 26000 yuan / ton, high cotton price close to 27000 yuan / ton.

Small and medium-sized textile enterprises have stronger willingness to raise prices, but due to the recent difficulties in rising overall cotton prices and the continued weakening of downstream orders, the mentality of spinning enterprises in the early stage of frequent frequent high price quotations has changed.

Pure cotton billet market enterprises have strong willingness to ship, and early stage improvement seems to be a flash in the pan.

Due to the lack of market demand, especially after the price of grey cloth increased, the turnover was light. Most enterprises had fewer new orders and less optimistic about the market outlook.

On the whole, the textile enterprises in Shandong need to take inventory for a long time. The mentality of shipping is the mainstream of the market.

At present, cotton price in later period