Slow Recovery In Textile Industry, PTA Market Or Consolidation

　　 textile Exports declined, indicating weak external demand. According to the data released by the General Administration of customs, in October 2014, the export volume of domestic textile and clothing was 26 billion 538 million US dollars, down by 7.10%. Among them, the export amount of textile yarns, fabrics and products was 9 billion 747 million US dollars, a decrease of 0.10% compared with the ring, and the export amount of garments and accessories was 16 billion 791 million dollars, a decrease of 10.70% in the ring.

Social consumption growth is limited. Garment industry Implicated. According to the National Bureau of statistics, the total retail sales of consumer goods amounted to 23967 billion yuan in October this year, an increase of 11.50% over the same period last year. Among them, the retail sales of consumer goods above the quota reached 11745 billion yuan, an increase of 8.30%. In addition, in October, the retail sales of textile and clothing enterprises above quota were 113 billion 600 million yuan, an increase of 10.90%.

October textile and clothing Exit There was a negative growth in the ring ratio, and exports fell for the second consecutive month in a single month. Clothing retail sales in October dropped by 3% over the same period last year, a negative growth since the beginning of 1-2, and the decline was 0.50 percentage points larger than that in 1-2 months. On the whole, the export of textile and garment is sluggish, and the domestic market is not improving. The industry is still in a slow recovery stage.

PTA operation rate is 7, and later maintenance is variable. The operation load of domestic PTA manufacturers in Ruida futures statistics shows that the average load of PTA has risen to about 72%, and the running load of the downstream PET chip device has risen to about 77%. At present, the inventory of PTA manufacturers is maintained at about 2-7 days, which has been reduced compared with earlier stage. As of November 25th, there were 8417 PTA warehouse receipts, totaling about 42000 tons, representing an increase compared with October. At present, some PTA enterprises arrange maintenance plans. If the production can be cut down on schedule, it will help ease the pressure of supply.

Reporters believe that by textile and clothing exports and domestic demand is not strong, PTA prices or remain low in the trend of consolidation. If the PTA price is weak, the production enterprises will increase the scale of the device maintenance, and the PTA price in the future market is expected to rise slightly.

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On the 11 day, the purchase of seed cotton came to an end in Akesu, Xinjiang. Most of the cotton ginning plants were purchased sporadically, of which the purchase price of mid flower was 5.70-5.90 yuan / kg (40% of lint, 10% of water), and the price of 6 yuan per kilogram was even higher than that of yesterday. Late cotton because of frost, flowers, flower flowers, the price of 5.4-5.6 yuan / kg line, most of the lint is less than 40%.

According to the ginning factory, the characteristics of recent acquisitions are as follows: first, the quantity is reduced, and the number of cotton mill's daily income exceeds 300 thousand jin has not been much. Most of them are in the tens of thousands of catties, and two mixed ranks are increasing. The head of a ginning factory said that the purchase of the cotton ginning mill can only be made by the price of the lint and the roughly color, and after processing is mainly 4127 or 2227 grade cotton.

After nearly a month of downward fluctuations, up to now, Akesu, Kashi and other places lint spot temporarily stable. On the 11 day, the Akesu platform 3128 grade lint main quotation quoted 14000-14200 yuan / ton, the inferior grade 3 grade cotton was in 13500-13600 yuan / ton, and the machine picked cotton 3 level quoted price was 12800-13000 yuan / ton. "The deal is not good. It's rare to see a deal." Mr. Zhao, a cotton merchant in Hebei, Cangzhou, who is doing cotton business in Akesu, said that the price of the platform has not risen slightly in the past week.

The reasons are as follows: first, the price of the ginning plant is very high, and some large cotton enterprises even insist on the original quotation. Second, cost support. Because the price of seed cotton has reached the bottom line of cotton farmers, and the cottonseed has always been "cloudy", the cost of lint cotton processing is generally 13400-13600 yuan / ton, the current market price is close to the cost of the cotton mill.

This year, Xinjiang's cotton farmers' income tax has been reduced. One of the Shandong cotton growers, who is wrapped up in Akesu, has introduced 320 acres of cotton planted this year. The average yield per unit area is 405 kg / mu, the average price of seed cotton is 6 yuan / kg, and the gross income is 405 6.0=2430 yuan / mu. "The input of agricultural materials, the cost of collecting, and the cost of land consolidation are 2470 yuan / mu, which is the cost upside down." Lao Zhao said, now the loss is 2470-2430=40 yuan / mu. Now, the government has subsidized cotton farmers to 191 yuan per mu. After the subsidy, the net income is 191-40=151 yuan / mu. "Later, I don't know how much subsidies I can make, but how to calculate it is not as good as planting grain." Lao Zhao is very frustrated and intends to grow grain in his hometown next year.

Not only did cotton farmers get hurt, but some cotton traders and textile enterprises also showed a pessimistic or wait-and-see attitude towards the later stage. On the same day, a Shandong cotton merchant said that up to now, it is still impossible to see clearly the market. According to his view, although Xinjiang cotton has been temporarily stable in recent years, there may be a downtrend in the near future. A textile manufacturer in Binzhou, Shandong, said that the cost of transporting cotton to the mainland in Xinjiang is now 14700-14800 yuan / ton (3128 level), which still exceeds the bottom line of the enterprise psychology 400-500 yuan / ton. At present, the attitude of textile enterprises is to "observe some time again, and if cotton prices continue to be stable, they will start purchasing". As a result, many market participants believe that the recent Xinjiang cotton or start a sustained rebound.