Zheng cotton shock finishing procurement for just need to replenish the stock
At present, the market is cautious, Zheng Mian continued the shock consolidation trend, July 6 CF2309 contract opened 16585 yuan/ton, the final rose 20 points to close at 16575 yuan/ton. Cotton commercial inventory is low, spot prices are relatively strong, mostly just need to replenish inventory, downstream cotton yarn trading is weak, textile enterprises continue to lose money, and the opening probability of a downward trend. Overall, the market is temporarily in balance in the short term, and it is difficult to have a trend market and maintain shock ideas.
At present, textile enterprises just need to purchase at a timely point price, and think that cotton arrival price is still high. Some textile enterprises have a backlog of yarn inventory, so that the price is difficult to sell sales, financial pressure is greater, and individual textile enterprises have been shut down for about a week. Overall spot market purchases and sales were slightly slower. It is understood that the current Xinjiang warehouse 31 double 28 or single 29 with a low delivery price of 17000-17600 yuan/ton. Some mainland Kuppi cotton base difference and one price resources 31 pairs 28 or single 29 low miscellaneous delivery offer at 17300-17850 yuan/ton.
According to the person in charge of several small manufacturers that have stopped production, in order to keep workers, even if the spinning loss is 200-300 yuan/ton, it will continue to insist on production and will not easily stop production, because once the workers are lost, it is very difficult to restart production in the future. At present, the workshop chooses to stop production, mainly because it can not withstand excessive losses. In addition, it is now the plum rain season, the air humidity is high, and the stored cotton yarn is easy to mold, which will form a greater loss. Considering the impact of the upcoming high temperature, stopping production is not only helpless, but also an inevitable choice.
The whole printing and dyeing manufacturers such as rice pot, there are quotes and inquiries, orders are very few. At present, the dyeing factory is less than 50% of the opening rate, all the good dyeing factories have two days off a week, concentrated production to reduce costs, the key is to export there are no orders, e-commerce this is not busy last week. Several dyeing plants, while the high temperature, even put half a month off, this season in previous years, dyeing plants can not be such a holiday.
Recently, the overall order is general, the order is far less than the same period, the lack of continuity, and most of the small single, rough conventional varieties and gas spinning away goods are OK, raw materials are uncertain, many orders repeatedly quoted and delayed, are waiting to see whether the order situation in July can be improved.
Capacity transfer in the face of low demand
Textile and apparel exports in the first five months of this year are not very optimistic. Data from the General Administration of Customs show that from January to May this year, China's cumulative textile and apparel exports were 118.2 billion US dollars, down 5.26% year-on-year, of which the cumulative textile exports were 56.83 billion US dollars, down 9.39% year-on-year; Cumulative apparel exports fell 1.09 per cent year on year.
From the perspective of the total textile and apparel exports in the past ten years, although the number has shown a continuous growth trend, the average annual growth rate of the total export has gradually declined, and the trend of weakening international market demand and slowing growth has gradually emerged.
The effects of weak consumption in the US and European markets, procurement diversion and Sino-US friction are running in parallel. The reporter noted that in 2022, Vietnam, India, Bangladesh and other countries to the United States, the European Union, Japan and other major consumer markets of textile and apparel import growth rate is obvious, for example, according to China cotton network data, in 2022, Vietnam textile and apparel exports to the United States increased by 7.9%, exports to the European Union increased by 34.7%, exports to Japan increased by 25.8%.
China's clothing exports are undergoing structural changes, customs data from January to April this year show that China's clothing exports to the United States, the European Union, Japan and other developed markets were reduced by 14%, 20.4% and 2.5%, respectively, and the proportion of clothing exports in China was reduced by 3.8 percentage points, 4 percentage points and 0.5 percentage points.