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The order of textile enterprises decreased significantly
A downstream textile enterprise said that now the enterprise orders are few, production is in a state of loss, even if the futures price has fallen below 14,000 yuan/ton, but the spot plus the basis and freight, the cost of cotton for mainland enterprises is still about 15,500 yuan/ton, and now the cotton yarn price is less than 19,500 yuan/ton. The price difference between cotton and cotton yarn has narrowed to less than 5,000 yuan/ton, even Xinjiang spinning enterprises are also in a state of loss. For mainland textile enterprises, the spinning loss margin is larger.
Another textile company believes that this year, Zheng cotton prices show a continuous shock decline state, so that enterprises feel bottomless, which has a very large impact on downstream orders, because the cotton price has not reached the bottom, downstream customers are cautious to place orders, resulting in a period of time since the textile company orders significantly decreased, inventories of finished products continue to accumulate, business pressure.
In addition, the current price difference between domestic and foreign cotton has been about 2000 yuan/ton, the price advantage of foreign yarn is significant, and the impact on the mainland cotton yarn is also great.
Downstream textile enterprises procurement divergence is large
At present, large textile enterprises can still barely support, but small and medium-sized enterprises can only take measures to reduce production. Downstream textile enterprises procurement divergence, large and medium-sized enterprises slightly improved the order situation, cotton raw materials to meet the low amount of procurement, some insufficient funds and finished product inventory pressure larger enterprises small batch tentative procurement, the overall market transaction situation is slightly increased than yesterday.
At present, the overall business situation of small enterprises in the mainland has not improved much, there are more holidays, large and medium-sized textile enterprises to avoid peak production and other ways, orders are slightly improved, but the price is more serious, so the turnaround is still "a long road ahead", and the opening probability is difficult to effectively increase. Downstream traders have a small amount of restocking behavior at a low level, but the recent decline in futures has increased market uncertainty, and transactions have only increased slightly. At present, the opening probability of cotton mills in all regions is basically stable.
The short-term external trend is weak, the domestic supply is strong and weak pattern continues, the "gold nine silver ten" peak season is not expected to increase, the cotton price is not significantly driven, the short-term is expected to be weak, and the downstream orders in August are concerned.
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