The Price Of Cotton In The Textile And Clothing Industry Has Been Delayed Or Cooled In Recent Weeks.

Weekly market review and views

Last week, Shanghai Composite Index, Shenzhen stock index and Shanghai and Shenzhen 300 fell 1.11%, 3.54% and 0.66% respectively.

Plate fell 3.69%, of which 3.81% fell from the textile sector and 3.61% from the clothing sector.

According to the National Bureau of statistics, in 2016 1-6, the revenue of Enterprises above Designated Size in the textile and clothing industry reached 1 trillion and 874 billion 350 million yuan and 1 trillion and 66 billion 610 million yuan, an increase of 4.5% and 5.9% over the same period last year, respectively, which slowed down 1 or 0.3 percentage points compared with the same period last year. The total profit amounted to 94 billion 390 million yuan and 58 billion 330 million yuan, up 7.5% or 7.7% over the same period last year, of which the textile industry increased by a percentage point from the same period last year, and the clothing and apparel industry slowed down by a percentage point over the same period last year.

Last week was the thirteenth week of the national cotton mill. In July 28th, the NDRC held a meeting of the reserve cotton rotation. The cotton reserve will be delayed until the end of September. Last week, the daily turnover was around 30 thousand tons, and all the pactions were completed. The average price of the paction rose and stabilized under the expectation of dumping or storage.

Over the same period, domestic cotton spot prices also declined, including the main cotton contract of the Zhengzhou cotton limited volume, and the market sentiment gradually cooled.

DKNY was sold by LVMH, and G-III apparel group received $650 million; Amazon's second quarter earnings in the 2016 fiscal year showed a substantial increase in net profit.

The launch of a new youth designer brand Pommedeterre; Gucci performance bottomed out; L'OREAL's second quarter sales grew 4.3%, less than expected.

396 million yuan is used for supply chain construction projects, and 100 million yuan will be invested in Xing you technology. It will hold 45% of its equity and create a mobile Internet sports game boutique content provider; Meng Jie shares will set up 50 million yuan to build a large housekeeper Home Service Co., Ltd., a wholly-owned subsidiary will set up 50 million yuan to set up a sleepers Housekeeping Service Co., Ltd.; to pfer the 23.3% shares of dream capital to the state capital, and pfer the price of 0 shares to the state capital; the pfer price is 0 yuan; the Antarctic electricity supplier signed a cooperation agreement with MUNMUInc. (South Korea) to set up a subsidiary of Antarctica, with a registered capital of 3 million yuan and a company 55%; the adjustment of birds is adjusted to increase not to exceed 18 million shares, but not to raise.

16H1 performance announcement: shares rose 1.16%, net profit increased by 10.93%, and Xingyi technology revenue increased by 8.37%, net profit and loss reduced by 32.36%; San Mao's revenue increased by 14.28%, net loss 33 million 427 thousand and 100 yuan; 16H1 performance Bulletin: Blonde Rabbi revenue decreased 5.55%, net profit decreased 10.92%; Xun Xing shares increased 2.48%, net profit increased 38.94%; Weixing shares increased 5.92%, net profit increased; Kaiser shares reduced revenue, net profit increased; South Pole

Revenue increased by 39.42%, net profit increased by 156.13%.

Industry data aggregation

328 grade cotton spot 15308 yuan / ton (+0.13%); American cotton CotlookA84.35 cents / pound (+0.36%); viscose staple fiber 15750 yuan / ton (+4.30%); polyester staple fiber 6990 yuan / ton (-0.05%); long staple cotton 21100 yuan / ton (+0.96%); inside and outside cotton price difference -53 yuan / ton (-49.52%).