Pakistan Siro Spinning Imports Continue To Grow

< p > recently, Cathay Pacific Group Xiangyang investment project has been formally signed. Guotai Hua Group will integrate various sectors in Hongkong and Mainland China, and set up greater China headquarters in Hubei Xiangyang hi tech Zone. The first phase will invest 2 billion yuan, covering investment in modern financial industry, such as international trade, bonded and e-commerce logistics, supply chain management, financial leasing, industrial fund, secured loan and so on.

Despite the frequent movements in financial investment and industrial investment in recent years, Chen Qinfeng, chairman of Cathay China group, still regards the international trade sector as the cornerstone of the development of the group. He believes that the future of the import yarn will be good for the next 10 years.

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< p > 1~5 months in 2013, China imported 819 thousand and 400 tons of cotton yarn, an increase of 48.18% over the same period last year.

Chen Qinfeng said that the number of imported cotton yarn increased by nearly 60% in 1~5 months.

The group's Shenzhen Guotai Hua a target= "_blank" href= "http://www.91se91.com/" > textile < /a > Products Co., Ltd. is one of the early importing yarn trade enterprises in the industry. It has rich experience and resources, and has established good cooperation relationship with India and Pakistan 50% manufacturers.

When it comes to the price level of imported yarn, Chen Qinfeng said that the price of imported yarn was affected by weather and economic situation, especially the cotton price.

Although the price of imported yarn has been fluctuating, the spot price volatility has been around 10% in the past year, which is basically within the normal range.

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< p > with the surge in imports of cotton yarn in China, the price trend of cotton yarn in India and Pakistan began to "Sinicization" since last year. The price of imported yarn has increased, and the price difference between imported yarn and domestic yarn is getting smaller and smaller.

Why is cotton yarn imports still growing at a high speed? Chen Qinfeng analysis shows that, on the one hand, the quantity of imported yarn is small and the base number is low. On the other hand, the competitiveness of imported yarn is enhanced in some subdivision fields.

For example, the rapid promotion of Siro Spinning Technology in Pakistan has increased the import of siro spinning line in Pakistan.

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< p > domestic high cotton prices, high labor costs, the continued appreciation of the renminbi, the relatively low price of foreign counterpart product resources increased, a variety of factors have made import yarn demand continues to grow.

In addition, the growth of imported yarn has a deeper reason.

Chen Qinfeng believes that, first of all, this is the domestic textile industry structural adjustment needs.

Because the quality of cotton in India and Pakistan determines that local enterprises are mainly spinning below 40S yarns.

For China, after 30 years of rapid development, all kinds of manufacturing costs have reached a certain height. The government is also calling for a higher and better product market. We should gradually eliminate some backward production capacity and carry out structural adjustment.

The products of India and Pakistan just make up for China's withdrawal.

But in the field of high count yarn, China still keeps ahead.

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Below P, China's trade with the world needs to be balanced, and the textile industry should bear the brunt.

China's textile industry has reached its peak. Due to various reasons, it is difficult to develop at high speed.

China's textile imports will only grow more and more. This is the trend of the times.

In the next 5~10 years, China's yarn imports will reach the 20%~30% share of the total market volume, which means that imported yarn will have room for growth of 5~8 times.

Chen Qinfeng believes that for domestic spinning enterprises, the rapid growth of imported yarn is not a bad thing. Imported yarn will accelerate the pformation and upgrading of the industry.

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< p > is precisely the general trend of development. Cathay Pacific Group is working to build high-end industrial chain at the recent stage.

The total investment of 2 billion yuan, and the investment project of Guotai China Textile Industrial Park covering 500 thousand square meters was officially launched in Laohekou City, Hubei in December last year.

The Laohekou project will be built as the most important textile a target= "_blank" href= "http://www.91se91.com/" clothing less than /a manufacturing base. It will become a textile industrial park that integrates the whole industrial chain of spinning, weaving, printing and dyeing, and garment manufacturing. It will create a private brand of the group terminal zero sale, and make use of its own industrial foundation to improve the consumer electronics business of garment design, brand marketing, logistics distribution and terminal retail.

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< p > Chen Qinfeng said that Guotai Hua Group will realize the value reengineering of the traditional industries through the integration of industry resources, continuously innovate the technology and management mode, and strive to enhance the core competitiveness of enterprises. With successful experience and resource advantages, it will conclude strategic partnership with mutual cooperation, common development and win-win cooperation with the majority of partners, and strive to maximize the economic benefits and optimize social benefits, and create the best combination of financial capital and industrial chain value management and operation.

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