Some Cotton Enterprises In Hubei Are In Short Supply And Are Heavily In Debt.

In the increasingly severe market situation, cotton and textile enterprises should be vigilant in the process of purchasing and selling cotton and strictly control the risk of capital.

It is understood that many enterprises have paid off loans last year. This year, the Agricultural Development Bank has ceased issuing loans this year according to its operating conditions.

In order to raise funds to ensure the normal operation of enterprises, cotton enterprises have been increasing the probability of occurrence of risks in cotton trading by pledging cotton and looking for private lending.

A textile enterprise to silver information staff reflect, the factory encountered money to fight past, unable to pick up the situation.

Since the supplier has already given the goods to other enterprises, and the loan has been repaid by the supplier, the pledge has not been released.

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The problem of capital is becoming increasingly prominent in the industry.

A cotton mill in Qianjiang, Hubei, went to the Xinjiang bag factory last year. Before the package plant, it raised 150 million of its financing from the local agricultural development bank and the private lending institutions in the form of mortgage land, and acquired 10 thousand tons of Xinjiang cotton. Due to the higher purchase price of the seed cotton in the early stage, the selling price of the latter lint decreased, causing tons per ton.

Losses nearly 2000 yuan, debt can not be repaid on time, enterprises are facing bankruptcy.

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Spandex prices will continue to fall in the near future, and the overall market of the latter is difficult to improve. According to the law of market value, the continuous decline of prices will force the relevant enterprises to carry out internal reform and reduce production costs. Therefore, a small batch of extensive factories may be shut down and eliminated, and the market resources of spandex can be optimized. After this pain, the market of spandex can be revitalized again and develop towards a healthy and orderly road.

In the first half of 2015, the price trend of spandex fell all the way. The price of 40D spandex dropped 11.97% from January to June, but it fell 40000 yuan / ton in the near future. It continued the pattern of falling from June 2014, and in July, the fall is expected to be very obvious.

The specific market analysis of spandex from January to June is as follows.

1-2 months, due to the close of the year, the downstream textile mills are about to stop production and pay the wig, some of which have been closed, resulting in weak demand, tight capital chain, slow order follow-up, and the uncertainty of raw material market expectations, making downstream factory procurement more cautious, and the entire textile industry has gradually entered the "hibernation period".

In 3-4 months, according to past experience, it belongs to the peak season of textile and garment industry. However, the market of spandex is not prosperous. During the Spring Festival, the spandex factory has a lot of backlog stocks. It is eager to ship out, and has adopted the strategy of flexible and low price shipment. From January to April, Taihe new village 10 thousand tons project, egret chemical fiber 40 thousand tons project, Heng Shen synthetic fiber 20 thousand tons project and Xiao Xing spandex production 10 thousand tons were completed, the new production capacity is concentrated, and the market supply exceeds demand, which makes spandex price trend continue to be weak.

5-6 months, do not need to mention, spandex terminal market demand gradually reduced, the market is generally empty, the focus of the paction gradually downward.

Cause analysis: the essential reason is that spandex manufacturers are in a passive position in the market.

The high price and high profit of spandex attracted many investors. Especially from 2013 to 2014, the price of 40D spandex was as high as 53000 yuan / ton, which has been running at a high level, with a profit of up to 8000 yuan per ton. Since profitable, many spandex projects have been launched and production capacity has increased rapidly, exceeding the growth rate of the downstream business of spandex.

Secondly, there are many reasons, including the more intense competition in the spandex industry, the lower competitiveness of the spandex industry, the low operating rate of the spandex downstream enterprises, the prudent purchasing and the rigid demand, and the MDI and PTMEG market of the spandex upstream material has been running weak and unable to support spandex costs.