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Cotton Prices Go Down &Nbsp; The Cotton Industry Chain Has Several Joys And Worries.

2011/10/25 10:50:00 34

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2011 cotton harvest, but cotton prices continued to decline recently, resulting in various entanglements on the industrial chain, cotton farmers worry about the decline in cotton yields, some cotton farmers even intend to "abandon cotton from grain"; although the decline in cotton prices is right.

cotton spinning

Enterprises are good, but the roller coaster of cotton price also makes many cotton spinning enterprises hoarding cotton yarn at high cotton prices, but cotton spinning enterprises are more worried that cotton prices may continue to rise once the cotton planting area is reduced next year.

For the brand clothing home textile enterprises with strong bargaining power, it means lower cost.

It is reported that cotton farmers in Xinjiang, Shandong and other cotton producing areas are generally reluctant to sell.

Many cotton farmers reflect that this year's cotton planting can only be guaranteed.

In recent years, cotton yields continue to be lower than grain crops. Many cotton farmers in Shandong and other places have changed the cotton fields suitable for growing grain to grow grain.

Industry experts believe that oversupply, downstream demand and other factors affect the short term.

Cotton price

It is still difficult to pick up. In the long run, we should be vigilant against the price cyclical rebound that cotton farmers may abandon.

Statistics show that, by attracting high cotton prices and high yield in 2010, the enthusiasm of cotton growers in 2011 has been greatly improved, and the area of cotton planting has increased nationwide.

In 2011, the sown area of cotton in China reached 81 million mu, an increase of 5.2% over the previous year.

On the price side, after the national day, cotton spot continued to remain weak. By October 19th, China's cotton price index (CC Index328) closed at 19698 yuan / ton, once again below the 19800 yuan / ton temporary storage price.

The price of cotton fell to the superior company that planted cotton.

profit

Space will be compressed.

Although the decline in cotton prices is beneficial to cotton spinning enterprises, the roller coaster of cotton price has also frustrated many cotton spinning enterprises that hoarding cotton yarn at high cotton prices, coupled with the sluggish domestic market, the peripheral economic downturn, the reduction of foreign trade orders in textile enterprises, and the cautious acquisition of cotton spinning enterprises. Most of them are currently adopting the cotton shopping strategy of buying and using.

Moreover, cotton mills are more worried that cotton prices may continue to rise once the cotton planting area is reduced in the coming year.

For the brand clothing home textile enterprises with strong bargaining power, it means lower cost.

Data show that Huafu color spinning, Tong Kun shares, Jiangsu sunshine, Luen Fat shares, Shandong Ruyi and other listed companies, raw materials inventory is higher than 100 million yuan or more.

Among them, Huafu color spinning raw material inventory amounted to 790 million yuan; Tong Kun shares had 400 million yuan of raw materials inventory; Jiangsu sunshine raw material inventory also reached 380 million yuan.

New Sai shares in the first half of 2011, the company's main business products prices lower than the second half of last year, cotton prices rose sharply in the second half of 2010, cotton yarn rose with the cotton price and hit a record high.

company

Cotton processing enterprises and cotton spinning enterprises have experienced a sharp decline in cotton prices after the second half of 2010 and the roller coaster that reached a record high in March this year. The sales of cotton textile products are upside down. Under the pressure of inflation and capital tightening policy, the phenomenon of unsalable cotton yarn is more serious. Cotton products are relatively smooth at the beginning of the year, and the relative inventory pressure is relatively small.

Lu Tai A (000726) now integrates the advantages of cotton industry, such as cotton planting, processing, spinning, dyeing, weaving, finishing and garment manufacturing. The integrated industrial chain makes the company less affected by fluctuations in cotton prices and stronger risk resistance.

In the first half of 2011, because of the huge fluctuation of cotton prices, the difficulty of controlling the production cost of the company increased.

As the production chain of the company is longer, the final product cost is lagging behind the cotton price rise. Therefore, the impact of cotton price rise on the cost of the company has not been fully reflected in the first half of the year. When the cotton price has risen sharply, the price of the company's products has also been raised. However, due to the longer cycle period of the company's purchase, the time and magnitude of the rise in product prices lag behind the rise and increase in cotton prices, and the increase in prices partly offset the impact of the rising cost of cotton prices.

Roley home textiles is in the leading position in China's home textile industry.

domestic

The leading enterprises of bedding.

The leading product "Luo Lai" brand series bedding is always positioned in the high-end market of home textile products, and the price positioning of products is medium to high. The retail price of products is concentrated at 1000 yuan -2000 yuan (four piece price).

In the first half of 2011, the company's operating income increased by 51.59% over the same period last year, mainly due to the continued enhancement of channel construction and increase of R & D investment, and the reputation and popularity of products were further improved. The operating cost increased by 47.81% over the same period last year, slightly lower than the sales growth.

Mei Bang clothing main leisure wear.

In the first half of 2011, the total revenue of the company grew faster, and all channels and brands maintained a good growth momentum. This was mainly due to the continuous improvement of the company's product design level and brand marketing capability, which made the company's product competitiveness more and more continuous. At the same time, the improvement of the company's direct sale Zero selling management capability led to a continuous improvement than the flat effect, and played a good exemplary role in enhancing the terminal competitiveness of the franchising channel.

Cotton prices rose all the way from April 2010, while cotton prices rose all the way from around 27000 yuan in the early 2011 to 31241 yuan per ton in March 8th, and cotton prices fell again.

The total decline in 5 months exceeded 12000 yuan per ton, or 39%.

At present, the price has fallen below 19800 yuan / ton in the new year. The current market price of the 3 grade lint market is about 19500 yuan, and the average turnover is about 18000 yuan. It is hard to sell below three grade, and seed cotton is basically around 3.7 yuan.

It is predicted that the cotton growing area will be difficult to grow in the future, and the area will be maintained at 7000-8000 mu, with a total output of 600-700 tons.

The total demand will remain at 1000-1100 tons.

The gap will exist for a long time every year.

Imported

Cotton will become a reality.

In order to prevent the ups and downs of cotton prices, the Central Cotton Storage Corporation started the temporary storage and purchase of cotton in September 8th.

In 2011, the cotton temporary storage price was 19800 yuan per ton of standard grade lint to the warehouse.

For example, the price of seed cotton is 38%, cottonseed price is 1-1.2 yuan / kg and reasonable acquisition processing fee is calculated. The corresponding reference price of seed cotton purchase is about 4.2-4.3 yuan / Jin.