New Cotton Sales Progress Is Not Ideal, Fear Will Follow The Footsteps Of 2014

In 2015, the sales progress of new cotton was not ideal. According to the national cotton market monitoring system, as of November 13th, the national total sales of seed cotton and cotton lint 3 million 831 thousand tons, accumulative processing of 2 million 531 thousand tons of lint and cumulative sales of 858 thousand tons of lint. If the sales progress had not been improved in the late stage, the cotton in the year of 2015 would be feared.

Although the sales progress of new cotton is slightly faster than that of last year, the sales situation is still not satisfactory this year.

In the first year of cotton target price implementation in Xinjiang in 2014, local cotton enterprises in Xinjiang were generally reluctant to sell measures for the post gambling market. As a result, cotton prices continued to go down in the late stage, and when the cotton enterprises were re sold, the price was reversed and the losses were heavy.

Local cotton sales encountered "Waterloo", and the Corps failed to do their best. Until December, some of the Corps still sold Chen cotton in 2014.

Reporters visited Shandong Xiajin County, originally owned more than 300.

In the big cotton County, there are only about 50% of the normal start-up enterprises.

At present, textile enterprises have greater pressure on production and operation, and sales are in a predicament. Domestic orders are less than the same period last year, and there is no obvious signs of recovery in the market.

Especially in Europe and the United States and other countries, the economic recovery is weak, coupled with the low cost competition of cotton yarn in Southeast Asia and other countries, the export orders of textile enterprises are significantly reduced.

In the absence of adequate orders and better sales channels, the stock of spinning enterprises has increased accordingly.

Downstream of China

At the same time, imported cotton was also cold.

According to customs data, China imported 42 thousand and 100 tons of cotton in October, a decrease of 17.29% over the month. In 1-10 months, China's total import of cotton was 1 million 202 thousand and 300 tons, a decrease of 15.47%.

This year

On the basis of absorbing experience and lessons of last year, most local cotton enterprises have no longer taken the expensive market after gambling. They have stepped up their sales efforts. In the case of small profits or even small losses, they also need to accelerate the speed of cotton circulation so as to avoid market risks.

Although cotton companies tried their best, the sales situation of lint cotton is still not satisfactory.

The reason is very simple: the imbalance between supply and demand of cotton.

Wei Gangmin, chairman of Tongzhou cotton industry in Henan, said: "recently, we investigated more than 80 cotton textile enterprises inside and outside the province, of which less than 10% of the profits were made, and most of the enterprises were losing money.

Small and medium-sized textile enterprises in Xinye, Nanyang, do not cut production or shift production but stop production.

There are also many small and medium-sized textile enterprises in Weifang, Shandong.