Textile And Clothing Industry Is Still In The Doldrums For The Next 3-6 Months

Overall weakness, Zhejiang shares, Shandong Ruyi, Xinhua Jin and other stocks rose, most stocks fell.

The report is summarized as follows: GF Securities issued weekly textile and apparel industry weekly in November 5th. It is estimated that external demand will remain weak in the next 3-6 months, and 2012Q4 and 2013Q1's external demand is still weak.

Textile manufacturing: it is expected that external demand will remain sluggish for the next 3-6 months.

The turnover of the 112 Canton Fair fell by 9.3% (including 10.5%, 9.4%, 36.6% for the European Union, the United States and Japan), 13.8% lower than the previous year, and the number of purchasers decreased by 10.3%, down 10.1% from the same period.

The proportion of short and medium orders in 6 months is 86.6%.

The turnover of textile and clothing decreased by 11.12%, down 4.2% compared with the same period last year.

The figures show that Japan, the United States and Europe have fallen by 49.56%, 12.18% and 7.72% respectively.

We judged that the external demand of 2012Q4 and 2013Q1 is still weak.

Short term plates lack catalyst, fourth quarter brand clothing terminal retail is not optimistic.

Three quarterly report shows that the terminal retail consumption is down to the list of listed companies. The overall performance is: Q3 single quarter income compared with Q1, Q2 showed a larger downward shift, accounts receivable, inventory accounted for the proportion of income increased substantially compared with the same period last year, operating cash flow deterioration.

We anticipate that the franchisee level will continue at least until the two quarter of 2013.

The market is expected to be pessimistic, and the overall allocation style is still defensive.

Recent attention data: October "100", "50" data, export data.

This week the Shanghai Composite Index rose 2.46%, and the textile and garment sector rose 1.64%.

The leading companies in the sector are: Shenzhen textile A, Huafang textile, Zhejiang Fu run, black peony and bar Jie share, or 21.49%, 10.50%, 9.60%, 9.24%, 7.62% respectively.

Since the beginning of this year, the Shanghai Composite Index has dropped by 3.75%, and the textile and garment sector has fallen by 10.49%.

This week cotton prices 328 index weekly average price of 18712 yuan / ton, Zhou Chengjiao average price rose slightly 0.06%, the cotton Cotlook:A index this week week trading price fell 2.63%.

As of November 2nd, cotton storage and storage totaled 1 million 924 thousand tons.

The average price of cotton yarn 40S index remained 30500 yuan / ton this week.

This week chemical fiber products polyester POY, polyester FDY, polyester staple fiber, viscose filament, polyester DTY, human cotton yarn 30S decreased by 2.05%, 1.23%, 1.11%, 0.48%, 0.80%, 0.23%.

In 1-9 months, 1 million 86 thousand and 700 tons of imported cotton yarn were imported, representing an increase of 74.07% over the same period last year.

The average price of cotton yarn imports in September was 3178.65 US dollars / ton, equivalent to 20151 yuan / ton.

And import

Compared with domestic cotton yarn products, there is no price advantage.