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Jiaxing Market: Overreaction Affects Cocoon Silk Export

2011/8/30 16:33:00 58

On the 29 day (Monday), the stock index dropped sharply, and the cocoon silk composite index fell 2.17%, closing at 2826.78.

1109 and 1203B fell 7800 yuan and 8400 yuan respectively for 303000 yuan and 278400 yuan respectively; 1109 and 1203 dry cocoons fell 2100 yuan and 3000 yuan respectively, which were 91800 yuan and 89300 yuan respectively.

All day B silk traded 225 hands, dry cocoon sold 4 hands.

Today, 1109B has cut 42 hands, while 1203B has 40 hands.

1203 dry cocoon adds 2 hands.

Today's main contract, 1203B silk, has slumped.

Cocoon filament

The contracts reached a new low.

As of today, the cocoon silk composite index has dropped 7.77% again this month, continuing to decline in April.

As Wang Tiankai, vice president of the China Textile Industry Association, said: the textile industry as a traditional industry has always been faced with the pressure of adjustment and upgrading since it entered the market economy.

Visible difficulty is our normal state.

The only thing that needs to be distinguished is what is the big environmental problem and what is the trend of development which is still against the big environmental factors.

To clarify the relationship between the two, we can coordinate the pace of the pace of the enterprise itself and not be lost in the current predicament.

Although there are still some unstable factors in the recovery of the international market, the supporting role of the domestic market makes the overall atmosphere of the textile industry far from the severity of rumors.

Data show that although the upstream enterprise raw material price volatility led to a significant increase in inventories, for the silk industry, 1-4 months this year, the silk industry enterprises inventory value increased by 25.14% over the same period last year.

However, according to the statistical data of 2064 Industrial Enterprises above Designated Size, according to the National Bureau of statistics, the gross output value of the silk industry reached 56 billion 170 million yuan, an increase of 25.45% over the same period last year, and the main business income was 54 billion 700 million yuan, up 28.23% over the same period last year. The profit was 2 billion 120 million yuan, an increase of 44% over the same period last year, of which the profit of reeling processing was 670 million yuan, an increase of 76.5% over the same period last year, and the profit of silk processing was 860 million yuan, up by 56 billion 170 million over the same period last year.

Silk screen dyeing

Processing profit of 140 million yuan, an increase of 113.7% over the same period.

Silk products

The profit of manufacturing was 170 million yuan, down 6.7% compared with the same period last year, and the profit of silk knitting was 290 million yuan, an increase of 4.7% over the same period last year, and the quality of the operation of the industry has improved.

Statistics from the Bureau of statistics show that the turnover rate of finished products in textile enterprises above Designated Size in 1~5 months is still 0.22% higher than that in the same period last year, reaching 18.83 times / year, and the total assets turnover rate reached 1.57 times / year, up 8.73% over the same period last year.

It is totally unnecessary to gauge the future with the standard of market deciding everything.

From the trend of demand growth of terminal consumer goods market, the price pmission in the upstream sector is temporarily blocked, and it will be resolved sooner or later in a certain period of time.

At present, the resistance encountered by the upstream and downstream in price pmission is largely a temporary obstruction caused by fluctuations in raw material prices.