The reserve cotton sales floor price for 2016/2017 is 15,885 yuan/ton (standard grade price), which is 333 yuan/ton higher than last week’s price. Affected by this, although the transaction ratio gradually decreased from 61.60%, 60.26%, 53.19%, and 51.21% from May 22 to 25, the average transaction price of Xinjiang cotton in the four trading days was 15,598 yuan/ton and 15,541 yuan/ton respectively. tons, 15,604 yuan/ton, 15,687 yuan/ton, showing a stepwise increase, and the high markup of Xinjiang cotton has also risen sharply from 1,340 yuan/ton to 2,120 yuan/ton.
Since early and mid-May, the price of high-quality Xinjiang cotton for 2016/17 in and outside Xinjiang has generally increased at 400-500 yuan/ton. The price of hand-picked cotton in Henan, Shandong, Hebei and other inland warehouses in “Double 28” and “Double 29” The delivery price is 16,000-16,200 yuan/ton, 16,300-16,500 yuan/ton (public settlement, original public inspection order), which is higher than the 500-700 yuan/ton of Zheng cotton’s recent month contract, but lower than the reserve cotton discount of 3128 yuan/ton, the standard price of 300 -400 yuan/ton.
It is understood that in the current domestic market, in addition to the surprisingly poor transaction volume of JC60S and OE yarns, the production and sales situation of C21s-C50s carded yarn and combed yarn is not optimistic. Since early May, the yarn quotations of some cotton spinning mills have been reduced by 300-500 yuan/ton. Except for some large factories and brand yarns with stable orders and high profit margins, cotton prices are firm and the yarn trend is weak, leaving some cotton textile companies in a dilemma. Some yarn mills have responded by increasing the proportion of polyester-cotton yarn and polyester-viscose yarn, or increasing the output of high-count combed yarn or low-count OE yarn, and reducing the production capacity of 20S-40S yarn. Some small and medium-sized yarn mills have reduced or stopped production. situation. So what is the current profit situation of the cotton mill?
C21s-C40s profits have been greatly compressed, and companies face the risk of low profits or even losses. Judging from the survey of mainland textile companies, there is no big problem with high-quality Xinjiang cotton reserves as cotton for spinning C32 and C40S yarns. The main focus is on indicators such as “three yarns”, color grade, and breaking strength. The average transaction price of Xinjiang cotton from the 22nd to the 25th was 15,500-15,700 yuan/ton. The direct cost of spinning C32S yarn: 15,500*1.05 5,500 yuan/ton (processing fee) = 21,775 yuan/ton; the comprehensive cost of sales: 21,775*1.04 (purchase and sales) The difference between item taxes) 250 yuan/ton financial cost (based on 2 months) = 22,900 yuan/ton, while the domestic transaction price of mid-range C32S yarn in late May was 23,000-23,200 yuan/ton, which was only 100-300 yuan higher than the comprehensive cost. Yuan/ton, once the spinning loss is large, the storage time is long, or the goods are in arrears, a 1-2 month account period is set, or acceptance payment is made, then the cotton spinning mill is likely to have no profit.
Although cotton yarn with JC40S and above counts is profitable, the shipment is slow and the capital is tied up for a long time. In mid-to-late May, the price of JC40S cotton yarn stabilized at around 28,200-28,500 yuan/ton (medium allocation, medium-sized yarn mills, without adding long-staple cotton). Due to low inventory and expected shortage of high-quality cotton, yarn mills are willing to raise prices. Stronger. In 2016/17, the inland warehouse quotations for “Double 29” hand-picked cotton and “Double 30/31” machine-picked cotton are 16,400-16,500 yuan/ton and 16,600-16,700 yuan/ton. The direct cost of spinning JC40S yarn is: 16,500*1.15 7500 yuan/ton (processing fee) = 26475 yuan/ton; comprehensive sales cost: 26475*1.04 250 financial expenses (calculated in 2 months) = 27784 yuan/ton, so the profit of JC40S yarn spinning enterprises is about 500-700 yuan/ton ton. Considering that the current domestic high-quality Xinjiang cotton is small in quantity, has many batches, and has large quality differences, and the supply of raw materials is unstable, the stability of yarn quality in small and medium-sized enterprises is insufficient.
OE8S-OE21S yarn production and sales are acceptable, and profits are mainly supported by transaction volume. It is understood that the current transaction price of domestic OE12-OE16S yarn in Jiangsu, Zhejiang, Guangdong and other markets is concentrated at 15,500-16,500 yuan/ton (medium and high-quality cotton), and the net profit of yarn mills is generally 200-300 yuan/ton (a few high-quality OE16S, OE21S The profit of yarn can reach about 500 yuan/ton). Some mainland manufacturers bid for reserve real estate cotton at a price of 14,200-14,500 yuan/ton, mixed with OE yarn such as short velvet and combed noil, and the profits are relatively stable.
Source: World Clothing, Shoes and Hats Network
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