The State Of Capital Of Domestic Cotton Textile Enterprises Has Not Been Effectively Improved

In the near future, domestic

The funding situation has not been effectively improved.

On the one hand, the sale of cotton yarn, grey cloth and clothing for 1-2 months is very common. Many enterprises reflect that "no credit can not do business"; 3, since April, although some orders have arrived, the price of buyers has been too low. Considering the cost of raw materials, labor and other costs, many cotton mills have to take the initiative to "abandon the list".

On the other hand, it includes policy banks.

Credit support for the cotton textile industry has continued to weaken, borrowing costs are relatively high, and the situation of "first repay, then more loans" is outstanding.

Also deeply trapped in the loan repayment dilemma, most of them require cash in cash from the spinning enterprises, and prefer to make a profit of 50-100 yuan / ton for cash settlement.

On the 10-11 th of May, the price of pickup and gross weight lifting at 2128 and 3128 level in the inland warehouse was stable at 13800-14000 yuan / ton and 13500-13700 yuan / ton. The quotation did not decline significantly with the May contract of 7 months and 8 days.

In the near future, the market has many rumors about dumping, but the state will not suppress the cotton price in the spot market.

In 2015, import quotas had been used more than 50%, and Australian cotton and high-grade cotton were still the focus of Chinese enterprises' inquiry and procurement. However, due to the price and quota limits, Xinjiang's high-grade hand picking cotton did not have the opportunity to report up and sell quickly.

According to some cotton enterprises in Xinjiang, some cotton mills in Jiangsu, Shandong and Henan have only 3-5 days in stock. Therefore, there is a general principle of "seeing goods fast, pressing goods urgently, and bringing them near".

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The national cotton exchange market is scheduled for sale in May 15th. Xinjiang cotton sells 7661.285 tons of resources, including 3183.253 tons of resources in the Xinjiang reservoir area (2538.721 tons of hand picked cotton, 13050 yuan per ton), 644.532 tons of machine picked cotton and 12200 yuan / ton minimum bid, involving 215.54 tons of cotton and 12200 yuan per ton.

The inland reservoir area has 4478.032 tons of resources (4263.553 tons of hand picked cotton, 12700 yuan / ton minimum), 214.479 tons of machine picked cotton, and 12900 yuan / ton minimum bid.