The Profit Of Textile Industry Dropped Sharply In October.
October in China
Inflationary pressure
Driven by the double pressure of cotton gap, cotton and cotton yarn prices continue to rise, reaching a record high; cotton prices are rising more than cotton yarn prices.
Textile industry
The actual profit level and profit margin dropped sharply.
BOABC monitoring showed that the average monthly price of cotton in October was 24748 yuan / ton, up 28.51% in the annulus, up 83.37% over the same period last year, and the price and the year-on-year increase were all at a record high.
Cotton yarn, despite the cost of cotton prices continue to drive up, but after all, the reality of domestic residents.
Consumption ability
The decline in cotton prices has been severely limited.
The average monthly price of 40s cotton yarn is 32450 yuan / ton, and the average monthly price of 32S cotton yarn is 32228 yuan / ton, up 10% and 14.93% respectively, up 59.81% and 69.17% respectively.
Considering the price difference and fixed cost of cotton and yarn, the yarn profit of pure cotton yarn was reduced to 1395 yuan / ton in October, the lowest level since April.
Considering the impact of raw materials, fuel power and other costs, it is estimated that the cost will be increased by more than 8% in October, the actual yarn cost will be reduced to 934 yuan / ton, and the profit rate of the industry will be 2.99%.
At present, cotton prices are in an excessive upward trend. For the overshoot after market shocks, the current high cotton prices will drive the textile industry's profits to continue downward, and lower industry profits will increase the risk of cotton prices.
- Related reading
In October, The Textile And Garment Industry Continued To Maintain A Relatively High Growth Rate Compared To The Same Period Last Year.
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