In 2019, the cotton textile market environment is changing imperceptibly. Although the textile industry may still face the problem of increasing employment costs, recently, favorable policies have been introduced frequently, and a large number of cotton raw materials have been traded, which makes people feel that the spring of cotton textile market has come.So what's holding up?
The policy spring breeze strokes a face, the strength supports the textile enterprise.First, deepen the VAT reform and cut the value-added tax rate by 3%, which is expected to lower the cost for the later commodity prices.Some institutions estimate that about 200 yuan/ton of cost savings for enterprises.On top of that, the bank's targeted RRR reduction, loan support for small and micro enterprises, reduction of electricity price for enterprises and other multi-directional beneficial policies are applied to reduce the cash flow pressure of enterprises in a more practical manner, improve the cash flow of enterprises, and inject new power into the guarantee and active market of enterprises.These moves are like spring breeze stroke a face, give market warmth to have actual strength again.
The impact of china-us trade negotiations has weakened, and the overall expectation is positive.The trade friction between China and the United States has lasted for nearly 10 months, and the market has gradually digested its impact. Various textile enterprises have their own countermeasures, and the domestic enterprises basically operate steadily, while only some enterprises with export business may be affected.It is known that China's textile and garment import and export have maintained steady growth for two consecutive years, but the export volume of textile and garment in February 2019 dropped by a large margin compared with the previous month.Some institutions speculate that may be affected by the Spring Festival holiday and enterprises to avoid the risk of imposing tariffs, may not reflect the recent real export situation.
Cotton futures new rules, the activity is expected to increase.On March 4, zheng shang suo announced the revised rules of cotton and yarn futures business, which implemented measures such as substantial expansion of deliverable subjects, improvement of premium standard and shortening of warehouse receipt validity period.A professional analysis, the modification not only facilitates the enterprise to participate in the transaction, to meet the diversified needs of enterprises, but also to solve the problem of warehouse receipt capital occupation.The market is expected to further improve cotton futures business, cotton futures activity will continue to increase.
Printing and dyeing orders recovery, prices rose.Since march, guangdong, keqiao and other places continue to spread the news of the recovery of dyeing factory, the market is relatively lively.Traders in guangdong also said there had been "more orders recently".According to China textile news, fujian printing and dyeing enterprises in the Spring Festival after the "first shot", although the increase in cost is not a negligible factor, but the market is less than the demand, the price increase may also be a kind of market behavior, which can also basically explain the active degree of cloth market consumption.According to the data of the national cotton market monitoring system, the cloth inventory of enterprises was 34.8 days, down 0.1 days from the previous month and 15.1 days from the previous year, which was at a low level in the recent three years.