On September 9, Zheng Cotton fell sharply. The main contract of CF2101 fell from the highest point of 12,920 yuan/ton to 12,215 yuan/ton, a drop of 5.5%. Such a drop in the process of rising has a negative impact on the cotton spinning industry. It has had a great impact, especially for companies in the recovery process, and the blow has been somewhat severe.
In the process of gradual recovery in the downstream, with the steady increase in cotton prices, downstream textile companies have raised prices The willingness to sell is very strong. After all, the cotton price has been rising and the yarn price has been falling for a period of time. The profit margin of the company has been seriously squeezed, so it is reasonable to increase the yarn price. At this time, Zheng Mian suddenly appeared. The negative line completely extinguished the confidence of enterprises in raising prices.
Although we are now in the peak production and marketing season of the “Golden Nine and Silver Ten”, the recovery of downstream consumption is not as optimistic as outside predictions. In some areas of Shandong, the operating rate of small enterprises is only 50%, and the situation of large enterprises is slightly lower. Good, but the operating rate has not reached 100%. Especially for companies with a large proportion of foreign trade export orders, the pressure on production and sales is even greater than that of companies specializing in domestic sales. According to the latest understanding, the Korean market has recovered slightly and the order volume is gradually increasing. However, the European and American markets have been affected by the epidemic, and the recovery of order volume is limited, and there has still been no substantial improvement.
At present, it may be more appropriate to describe the actual situation of enterprises as “the peak season is not busy”. Although orders have improved compared with August, they are still unable to meet the production of enterprises, and sales are under great pressure. . It is a common phenomenon that the cotton yarn inventory of Shandong enterprises is larger than last year. Only a few small enterprises that produce to orders can basically achieve zero inventory, and this is also achieved on the basis of reducing the operating rate. In the future, whether to increase the operating rate , the company said that unless there is a surge in downstream orders, it will not risk opening more stores.
At the end of this year, companies will face greater pressure to survive, and there is a high probability that production will cease again. According to the current market situation, if there are not sufficient funds and stable orders, once the company misses the peak production and sales season, it will face huge pressure to recover the borrowed funds. If the company has high debt, the risk will be great.
Recently, the epidemic in Europe and the United States has shown signs of rebound. In the environment where the global epidemic has not improved, even if China completely controls the epidemic, it will be difficult to be alone. The impact of the epidemic on world economic development will still exist for a long time. At present, companies can only win survival space by practicing their internal skills and doing a good job in risk control. </p
