Textile Off-Season Characteristics Become Increasingly Evident, The Market Continued To Bearish In August.

< p > July 31st < a href= "http://sjfzxm.com/news/index_z.asp" > textile > /a > index is 972 points, compared with the highest point in the cycle 1074 points (2013-02-19) decreased by 9.50%, compared with 2012 07 01 low 930 points 4.52%.

(Note: cycle 2011-12-01 to 2014-07-31) < /p >

There were 14 kinds of commodities with a decrease of P, and 1 kinds of goods with a decrease of more than 5%, accounting for 4.8% of the total number of commodities monitored. The top 3 products were polyester POY (-5.97%), polyester FDY (-3.24%) and viscose staple fiber (-3.19%).

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< p > from the list of textile commodity prices in July, we can see that there are two main points in the textile market in July:

23.81% of them rose and 66.67% fell.

Secondly, chemical fiber plate products differentiated, acrylonitrile industrial chain continued to rise, nylon industry chain stabilized, PTA, viscose industry chain fell.

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< p > the biggest increase this month is < a href= "http://sjfzxm.com/news/index_z.asp" > acrylonitrile < /a >, or 2.91%.

The supply of acrylonitrile spot market is tight and inventory is not high, with an average operating rate of over 91%.

Tight state of supply seems to be difficult to change in the short term, and prices are expected to remain high.

The nylon market has stabilized steadily this month, and has been rising frequently by upstream caprolactam. Although the downstream demand is still weak, manufacturers are not allowed to raise the price of products under pressure of cost, but do not rule out a slight drop in prices later.

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< p > the PTA industry chain, which pulled up the textile market in June, has fallen this month, which is also the main reason leading to the overall decline of the textile market in July.

Affected by the PTA limited production price increase, the factory operating rate remained at around 70%, the market supply was tight, and the settlement price was higher this month. The PTA market volatility was the main factor this month, with a decrease of 0.49%. The upstream PX was running high, but the demand for the downstream textile was not enough in the off-season, and the polyester filament and staple market were obviously lower. Among them, the biggest decline was the polyester POY fell by 5.97%.

With the PX domestic and foreign device restart and new capacity investment expected, the cost side will weaken, and the PTA industry chain market is expected to continue to decline.

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< p > June, due to the shortage of textile export power, although it is still growing year by year, its growth rate has gradually declined.

China's exports of textiles and clothing were about $25 billion 647 million, an increase of 6.46% over the same period last year, an increase of 2.24 percentage points from the previous month.

Imports were also not ideal. In June, China's imports of textiles and clothing were about $2 billion 193 million, an increase of 3.17% over the same period last year, an increase of 1.4 percentage points from the same period last year.

In July, the supply and demand index of commodity supply BCI was -0.25, which rose by 0.06%, reflecting the contraction of the manufacturing economy in the previous month, and the economy is still at the bottom.

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< p > operation rate will continue to decline.

In July, only about 6 of the cotton spinning enterprises in Shandong started work, most of them were above 100 thousand spindles. The operating rate of enterprises in Hebei, Henan and Jiangsu was also between 55-70%, which was about 5% lower than that in early June, and 70% in polyester factories and 62% in Jiangsu and Zhejiang looms.

It is expected that the characteristics of the off-season in August will become more obvious, with the increase of the loss power of enterprises, the operating rate will further decline.

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< p > the demand is more and more low, which restricts the price formation.

Inventory will also continue to increase. At present, the inventory of polyester factories has increased to varying degrees. Cotton yarn inventory has reached 42 days, which is 7 days higher than that in June.

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At the same time, < < p > > for the "a href=" http://sjfzxm.com/news/index_z.asp > cotton textile market < /a > 2014 Xinjiang cotton direct subsidy scheme details have not yet been announced, the trend of policy and the large stock of national storage cotton store and so on, the cotton price is generally down; the chemical fiber market, though the price limit through its own limited production, but the cost surface weakness is expected, so that the price outlook is not optimistic.

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< p > in summary, many unfavorable factors are superimposed in August, and the textile market is expected to continue.

But by the arrival of the peak season of textile industry in September, it is expected that the market will improve at the end of 8.

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