Market Demand Needs To Be Boosted. The Wool Trade Is Expected To Introduce Electronic Platform.

< p > 2012/2013, < a href= "http:// www.91se91.com/news/index_c.asp" > wool industry < /a > experienced weakening demand and price fluctuation.

The instability of wool prices has further troubled the woolen textile enterprises that are facing difficulties, and the trend of wool market has also become the focus of attention in the future.

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< p > at the twenty-fifth China International Wool Textile raw material trading information exchange, the reporter interviewed Yang Xiaoxiong, chairman of Nanjing wool market, and asked her to analyze the trend of wool market and the future development mode of wool trade.

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< p > < strong > low wool support market price < /strong > < /p >

< p > reporter: the price of wool market is in a state of ups and downs in 2013. Can you analyze the reason? < /p >

< p > Yang Xiaoxiong: first of all, let's review the trend of the wool market.

In 2012, international wool prices fluctuated sharply, and the market entered a downward path.

But in September last year, as the United States announced the implementation of QE3, some enterprises were indeed on the low side, and the wool quotas were about to expire.

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< p > Enter 2013, < a href= "http://www.91se91.com/news/" > wool price < /a > is still in a state of ups and downs, supporting the market is mainly low grade wool, the demand for fine wool is even less prosperous than last year, and more enterprises choose to lower the cost of wool blending, and "coarse hair fever" has not declined.

From the Nanjing wool market T54PPP, T55, T424 average price index trend, we can see that the difference between the three is still further reduced.

At the same time, influenced by the demand of Australian wool, the price of 10%~20% was lower than that of last year, and the price dropped seriously in June.

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< p > the market price support this year mainly comes from low grade wool, and the demand for fine wool is sharply weakened.

This phenomenon in the wool market makes us have to admit that the competitiveness of wool has been less and less than that of other low price < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > fiber.

In order to maintain production, many Woollen Mills in China have already cut down the output of woollen fabrics or reduced their proportion, and used other alternative fibers.

This is a very dangerous signal, because the use of alternative fibers will reduce the amount of wool rapidly.

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< p > < strong > market demand needs to be boosted < /strong > /p >

< p > reporter: customs data show that China's imports of raw wool increased substantially compared with the same period last year, but the export of wool tops fell. What is the specific situation? What are the causes? < /p >

< p > Yang Xiaoxiong: China is an important importer and processing country of wool in the world.

In 2011, we imported 33.1 tons of wool.

In 2012, we imported 309 thousand and 800 tons of wool.

In 2013 1~7, China imported 177 thousand and 400 tons of raw wool, an increase of 16.24% compared with the same period last year. Among them, the import of Uruguay, Europe and other low-grade wool increased considerably, rising by 89.3% and 42.9% respectively.

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< p > analysis of the reasons for the increase in import wool content: because of the low import base in the same period last year, the gross price of this year was stable compared with that of last year, and exports increased significantly.

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< p > with the world's < a href= "http://www.91se91.com/news/" > wool processing > /a > ability has been pferred to China, the export of Chinese wool tops has been on the rise in the past few years, but in the past two years, the export of wool tops has dropped sharply.

In the month of 2013 1~7, China's gross exports totaled 19409 tons, an increase of 0.4% compared with the same period last year, but lower than the same period in 2011.

This shows that external demand has sharply weakened.

The export situation is not good. Many export enterprises have taken part in the domestic market, while the domestic demand is weakening.

For downstream enterprises, with the sharp reduction of sales, the inventory of semi-finished products and finished products is increasing, and the working capital is reduced. The industrial chain is facing more difficulties.

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< p > at the same time, with the increase in import of raw wool this year, exports have been reduced, which has also led to many problems for enterprises.

The inventory of raw wool directly reflected in the Zhangjiagang bonded area is increasing, and the finished product inventory is also backlog.

In addition, the rapid fluctuation of the market has caught everyone off guard. The lagging nature of the market has made sales more difficult. This has led to frequent trade disputes between individual exporters, such as delayed delivery and delayed opening of domestic customers.

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< p > reporter: please analyze and predict the trend of < a href= "http://www.91se91.com/news/ > wool market < /a > future.

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< p > Yang Xiaoxiong: for the future trend of wool price, we must return to the fundamentals. The price of wool is a game between demand and output.

The Nanjing wool market composite index curve basically follows the trend of China's CPI, which further shows that demand is the most critical factor affecting wool price movements.

According to statistics, the average consumer price in 2013 1~7 fell by 0.7% over the same period in 2012, down 3% from the same period in 2011, indicating that consumers are pessimistic about future economic prospects, incomes, prices and other economic indicators. This will make consumers' immediate consumption demand weaken, which will undoubtedly cast a shadow over China's domestic sales in the second half of the year.

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< p > the global economic situation is sluggish, which has dragged down the domestic market.

The second half is usually the main selling season for domestic sales, but this year the situation is relatively severe. Many buyers are buying, many areas of raw wool inventory is increasing, and the finished product inventory is also backlog.

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The export market prospect of < p > in the second half of the year is also worrying.

The uncertain influence of the world economy is complex and changeable, and many export oriented enterprises have turned to domestic sales, which has struck a weak domestic market.

In addition, by the increase of China's comprehensive factor cost and the enhancement of textile competitiveness of neighboring countries, part of the purchase orders in the international market will flow to Southeast Asian countries. The market share of China's textile a target= "_blank" href= "http://www.91se91.com/" > clothing "/a" will be further reduced in the major developed countries, and the competition in the international market will be intensified.

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< p class= "MsoNormal" style= "margin: 0cm 0cm 0pt" > span lang= "EN-US" lang= "Microsoft";

< p > < strong > wool trade is introduced into modern mode < /strong > < /p >.

< p > reporter: please introduce the current situation of wool trade mode.

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< p > Yang Xiaoxiong: at present, the wool trade mode is still in the traditional way of trade -- the seller and the buyer can directly meet or communicate by telephone, mail and other languages, and hand in hand with the letter of credit.

As we all know, all trade is based on supply and demand at the basic level.

However, the current mode of wool trade is more "gambling" for buyers and sellers. There is no effective hedging means. There is a slight fluctuation in the market.

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< p > however, the wool trade mode is still in the traditional way of trade, and a large number of hoarding or dumping is very easy for the price of wool to rise or collapse in a night, so that the normal trade order and sustainable development will be affected.

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< p > reporter: what do you think of the wool trade pattern? What kind of functions will you achieve? < /p >

< p > Yang Xiaoxiong: in order to establish a new order of sustainable development and healthy and stable wool trade, we propose to set up an electronic trading platform for wool spot and COSCO futures.

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< p > wool trade pattern in the future, we may refer to cotton as raw material for textile.

When cotton is sold in the domestic market, it is cash in cash. When payment is made by a draft or a Renminbi letter of credit, the discount interest will be paid according to the actual days, and there will be no arrears.

The national cotton trading market can also provide warehouse receipts pledge and electronic matching platform for enterprises with tight funds.

These may be used by our wool industry for reference.

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< p > wool spot spot -- medium and long term paction is to use the network as the tool, to carry on the paction with the electronic commerce pattern, the buyer and seller take the electronic paction market as the paction platform, is a win-win pattern which combines the Internet and the net, the traditional economy and the network economy, has fully solved the spot commodity paction's housing source, the customer source, the on-line settlement and so on many difficult paction forms.

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< p > the trading platform will introduce the following mechanisms: standardization of electronic paction contracts; two-way trading; hedging mechanism; margin system; T+0 trading system.

To sum up, the platform should be convenient, fast and efficient: first, the mouse will be able to finish the paction instantly and save a lot of time; the two is to implement strict inspection system and information disclosure system in the electronic matching pactions, carry out standardization construction and ensure the quality of commodities; three, the non debt settlement system is implemented in the trading market, and the paction on that day will be settled on the same day, so as to avoid the triangle debts which have troubled the development of enterprises for a long time.

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< p > obviously, the introduction of modern trade mode will bring a lot of convenience and opportunity to the "a href=" http://www.91se91.com/news/ "wool trade" /a, but opportunities and challenges are always coexisting.

We expect the majority of the wool industry colleagues to become partners in the trading platform and jointly build a unique platform for the wool industry to promote the operation system of the wool industry step by step into a healthy and healthy track.

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