Zhang Peilin Holdings Of Jin Yi Textile 4 Million 100 Thousand Shares Cash 1 Million 410 Thousand Hong Kong Dollars

According to the latest information of HKEx, Zhang Peilin, the main shareholder of Jinyi textile, reduced the company's 4 million 100 thousand positions in October 7, 2014, and cash in 1 million 418 thousand and 600 Hong Kong dollars. The average paction price was HK $0.346, and the highest paction price was HK $0.355.

After the change, 70 million 605 thousand shares were held and the shareholding ratio was 6.78%.

Yongan has become the first "PAV" textile research and development base in China.

A few days ago, Yongan Bao Lin Industrial Development Co., Ltd. passed the evaluation of China Industrial Textiles Association and became the first "PAV" textile research and development base in China.

Textile prices hit a new low in three years or will decline in October.

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It has not been well reflected in the textile industry.

According to the latest monitoring data from the business community, as of September 30th, the textile index was 916 points, a record low of three years.

In September, in the list of commodity prices, textile plates also fell more or less. There were 3 kinds of commodities rising in the chain, and the top 3 were acrylic (1.27%), viscose staple (0.66%) and acrylonitrile (0.10%).

There were 16 kinds of commodities with a decrease of 5%, accounting for 23.8% of the total number of commodities monitored. The top 3 products were lint (3 mainland) (-9.69%), PTA (Hua Dong) (-7.93%) and polyester FDY (-7.74%).

Due to the release of the direct subsidy rules, the cotton price has dropped sharply, and the cost of raw materials has been weakened. At the same time, under the influence of high inventory, high production and labor cost, the textile market will continue to weaken.

In September 17th, Xinjiang cotton target price subsidy implementation plan was released, Zheng cotton futures market responded immediately, broke through the previous low point support, plummeted for two consecutive days, and finally closed at 13110 yuan / ton limit.

Cotton spot market prices also dropped significantly, just more than 10 days, or nearly 10% decline.

At the same time, the prices of downstream cotton yarn have also dropped.

Xia Ting pointed out that although the "Kim Gu" season at the moment, but the downstream fabric manufacturers remain high inventory, careful purchase of cotton yarn, cotton yarn sales therefore blocked.

Cotton prices continue to be on the spot for cotton prices. At present, textile companies are more afraid to buy Cotton in large quantities, and cotton stocks generally only maintain 10-15 days.

As raw material support weakened and chemical fiber market was hurt, most of the chemical fiber products market in September weakened, especially the whole industrial chain led by PTA, the most obvious decline.

Among them, PTA (Hua Dong) ranked second in the textile sector decline, down 7.93% in September.

The PTA raw material PX market in September also fell more than 7.85%.

Fourth quarter, Xia Ting believes that the textile market will continue to weaken. The reason is: on the one hand, high inventory, high production, labor costs, tight funds and other issues have long plagued downstream textile enterprises, weak demand is still the main factor restricting prices.

On the other hand, the cost of raw materials has weakened.

The cotton price will be returned to market after Xinjiang cotton direct subsidy rules fall, and the price gap will be narrowed at home and abroad.

The cotton market will remain weak in the future. Cotton prices will fluctuate at 14000 yuan / ton in 10-11 months, and cotton yarn will drop by 500-800 yuan / ton.

For the chemical fiber market, the supply pressure of raw materials PX will continue to increase, and the latter will still be in the weak position.

Summing up analysis, Xia Ting believes that the textile market will still be in decline in October, but taking into account the traditional demand season or postponed to October, the decline will slow down compared with September, the lowest around 900 points.