China'S Textile Industry Is Running Weak In The First Half Of 2013

In the first half of the year, the price of lint was basically stable. The price was 19146 yuan / ton at the beginning of the year. At the end of June, the price was 19227 yuan / ton, or 0.69%.

After the Spring Festival, the cotton spot market was gradually resumed. Although there was not much volume, the cotton price rose steadily in 1~4 months, due to the joint promotion of domestic and imported cotton supply and the market price of futures matching market.

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< p > < strong > policy leading cotton textile market < /strong > /p >

In the end of March, the purchase and storage of the state in < p > 2012/13 ended. With the development of dumping and storage, the market supply became increasingly adequate, and the downward trend of cotton prices began.

Starting in May, domestic cotton < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > industry was off season, and downstream demand decreased, raw material purchasing enthusiasm was not high, and cotton prices were suppressed.

In addition, the domestic cotton reserves have been put in an orderly manner, and domestic cotton spot prices have been loosening down. In the current supply of loose and poor downstream demand, the number of national cotton reserves is huge. In the year of 2012/13, the storage capacity is about 6 million tons, plus the total volume in the past year is likely to exceed 13 million tons.

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< p > at present, the cotton planting area in China is expected to decline in 2013. The main reason is that the relative benefit of cotton planting is decreasing.

Although the state has issued a policy of collecting and storing for two consecutive years to ensure farmers' cotton planting income, but because the lowest grain price is rising and the overall price of cotton is decreasing, the planting intention of the Yangtze River and the the Yellow River River Basin has dropped particularly.

In 1~5 months of this year, the total import of cotton was 2 million 142 thousand tons, down 16.9% from the same period last year.

As of May, 2012 cotton imported 3 million 513 thousand tons of cotton per year, down 740 thousand tons, or 17.4%.

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< p > < strong > chemical fiber market downturn < /strong > < /p >

< p > the cost of the PTA industry chain continued to run at a high price last year. The price began to descend in late February, mainly due to the weakening of the raw material market and the weakness of demand consumption.

PX prices showed a "slump" situation, in March, PX imports reached a record high of 829 thousand tons, and the surge in imports was the main reason for the PX price plummeting from high.

In 1~5, domestic PX imports increased significantly to 3 million 728 thousand and 600 tons, up 55.36% from last year.

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After P, the downstream demand also failed to start effectively, and the stock level of polyester factories continued to rise.

The two quarter began to improve the whole industry chain. After the Ming and Ming Festival holidays, the stock pressure of polyester factories has been greatly alleviated.

At the same time, with the shutdown of several sets of equipment, the domestic PTA production load has dropped to about 66%.

In addition, the import volume of PX has dropped sharply in May.

The commercial start-up time of Tenglong aromatics one phase 800 thousand ton / year PX plant has been postponed until late July.

But with the textile terminal entering the off-season, the sluggish demand restricts the continuous recovery of the whole industrial chain.

At present, downstream polyester stocks remain low and are cautious about raw material procurement.

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< p > PTA factory low opening rate is still an important means to regulate supply and demand in the market.

In order to suppress the high cost of the upstream PX, in order to effectively control the market circulation, the factory maintenance of PTA plant in the first half of 2013 continued. In the first half of the year, the average operating rate of the PTA industry was only 74%.

In 1~5, the apparent consumption of PTA in China was only 9 million 543 thousand tons, up only 4.87% from last year.

However, the rate of operation of PTA production enterprises has reached 84% as of June 24th, and the short-term supply pressure of PTA is bound to increase. It is estimated that the PTA price is still dominated by weak adjustment in the near future.

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< p > < strong > raw silk market innovation > /strong > < /p >

< p > raw silk continued to rise last year. In the first half of 2013, raw silk prices rose, at the beginning of the year, the price was 366000 yuan / ton, and the price at the end of June was 386500 yuan / ton, or 5.60%.

In the 3 and April, the demand for the downstream was difficult to change. Before the cocoon of the new cocoon was fully listed, there was a slight fall in cocoon silk, and the market continued to rise.

Starting from the end of April, spring cocoons were listed on the market, and cocoon prices basically maintained at around 40 yuan / kg, up 10% from the same period last year.

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< p > spring cocoon purchase price is strong. The export order recovery in 3~4 months this year is the basis of the current round of market reversal.

The average price of spring cocoons nationwide has almost reached the highest price in history.

The high cost of spring cocoons has become a foregone conclusion. The trend of high cost of cocoon raw materials is hard to change all year round.

Raw silk market is still strong, cocoon support is undoubtedly a solid reason for maintaining the high level of raw silk market.

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