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Textile materials market confidence restored urgen

The condition is superior to the development of logistics industry strong force

Zhangjiagang bonded area in 1992 10 menstrual approved by the state council, with a planning area of 4.1 square kilometers, in August 2004, zhangjiagang bonded logistics park is approved by the state council zhangjiagang free trade zone, the supporting logistics area, enjoy the free trade zone and export processing zone policies. 2010 park chemical market spot turnover 302 billion yuan, tax 220 million yuan, textile materials market turnover 188 billion yuan, tax 1.3 billion yuan. Zhangjiagang annual imports cotton, nearly 30 million tons of Yangtze river delta is the most concentrated imports cotton port, annual import PTA nearly 100 tons, accounts for about 18% of the national total, the size of the market in industry numbered, zhangjiagang PTA delivery warehouses across the country in just seven home occupy a two seats. Textile materials besides domestic besides, still need to be imported, and exports accounted for bigger, therefore, logistics facilities and free trade zone policy support and make zhangjiagang area of mature textile market development.

Raw material cost is our core business influencing factors

In the survey, more enterprise representatives mentioned, textile enterprise technical content is relatively low, management and sales no problems, the management of the enterprise key raw material. Take polyester enterprise for, enterprise raw material procurement costs accounted for more than 90% of the value of the products, especially the PTA cost than high, PTA purchase of the cost advantages created for more than 70% of corporate profits. At present, polyester enterprise bargaining power is weak is a troubling chemical fiber enterprise realistic problem, PTA manufacturers relatively strong, in this downturns, settlement price relative spot all valence is higher, profit backflow PTA manufacturer. With the subsequent PTA new capacity, the supply will put more adequate PTA, settlement price will stepwise regression rational. Huaxi village (8.12 0.08-0.98%, - about 30 million tons) polymerization ability, PTA month/year for 2.5 tons, dosage of contract goods give priority to, its use PTA futures hedging achieved good effects, according to introduction, the enterprise in 12,000 yuan/ton of right-and-left prices will gradually establish TaoBao positions for inventory of raw materials.

Macro policy tightening increase small and medium-sized enterprise operating pressure

As real estate prices and CPI index, China began to a high of another round of tightening monetary policy, especially small and medium-sized enterprises for textile industry to bring greater financial pressure. After the Spring Festival, the raw material prices remain high, rising labor costs generally very not easy to recruit, enterprise in worker and the difficulty in credit financing problems. Textile industry is labor-intensive enterprise, profit level is low, and the stress and make credit traditional industry by extrusion, small and medium-sized enterprise fund turnover difficulties, increased operating pressure.

Play futures tools effect, increase the textile market confidence

In this research, traders and downstream enterprise of cotton and PTA futures launch more sure, the futures price discovery function is outstanding, led the spot market change direction, traders offer tend to reference futures trend. Textile raw material and product prices volatile spot enterprise and traders, only use futures this risk management tools, to stabilize operation.

Domestic policy tightening and renminbi appreciation for textile industry factors such as the overall operation has certain negative effects, and textile raw material price highs also shaken confidence. China's textile industry in international status still irreplaceable 109th annual export, Canton 368.6 billion dollars, clinch a deal, but 5.8% growth of textile enterprises mainly to meet the list short list. At present, enterprise inventory on the high side, such as jiangsu ba products inventory a month and a half or so, twice as tall as conventional level than in August, yan yan chemical fiber inventory -- nine days, than 2010 improve 4, 5 days. We understand that, despite the inventory is higher, but still tight cotton supply high prices, coupled with the country, part of the support and storage of cotton traders think 24,000 yuan/tons of cotton prices have a certain safety marginal, low rised. The futures market, the cotton 1109 contracts at 24,000 points in the above several trading day, sustained and "the firm" just release, tightening policy into a month of "gap" stage, the spot market is expected to begin to restore confidence in the small and medium-sized textile enterprises suffering in short-term or qantas.

Source "Chinese textile nets"

Edit: lara

time:2011/5/20
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