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Cotton Prices Rose To Stimulate &Nbsp; Good Times Or Short Periods.

2012/3/7 12:15:00 7

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In March 6th, the Shanghai Composite Index fell by 1.41%, but on the same day, more than one stocks of the chemical fiber board went against the trend. 002172.SZ took the lead in limiting trading, driving the stocks of Shenma (600810.SH) and Rongsheng Petrochemical (002493.SZ) to strengthen.

And in China Unicom, China life, China Merchants Bank, Minsheng Bank, China Pacific Insurance and other weight stocks fell, the Shanghai and Shenzhen 300 sample large single capital net outflow of 8 billion 223 million yuan, the largest single net trading volume this year, the chemical fiber sector yesterday, there are 172 million capital inflows.

Analysts pointed out that

Chemical fiber plate

The main reason for this increase is India's recent ban on cotton exports.

India is China's main source of cotton imports. In March 5th, India announced that cotton was prohibited from exporting, and it would prohibit the export of cotton products with tax numbers of 5201 and 5203, including export orders registered with its government.

The measure has led to a surge in international cotton prices, which is good for cotton planting listed companies on the A share market and cotton substitute chemicals.

Futures Company

The researchers told reporters that the India measures had limited impact on China's cotton industry.

Xu Huilin also reported that the total import of cotton from India to China was between 150 thousand tons and ~95 tons, with an average level of 620 thousand tons, and the volume of Chinese cotton arrivals in India this year has reached 800 thousand tons, that is to say, it has broken through the historical average level. Even if India cotton can not be exported to China in the late period, the total import volume will not have a great impact on China's import cotton market.

And from

synthetic hair products

In the market, the price of chemical fiber products has generally declined recently. The Liu Jun report of Changjiang Securities chemical and chemical fiber analyst said that it is too early to judge the change of the fundamentals of the industry. On the one hand, no significant changes have taken place in terms of textile, clothing, real estate, automobile and so on. On the other hand, from the statistical price difference, the profitability of the various sub sectors is still not optimistic, and the operating rate is still at the bottom of the upgrading process.

At the same time, analysts told reporters that India's export ban was good for the listed companies of the chemical fiber board, but if the domestic cotton was not affected, because the chemical fiber industry was greatly affected by the economy, the single event would hardly change the overall situation of the industry, so it was suggested that investors should be cautious about the sector.