Textile Industry Is Expected To Continue To Pick Up At A Low Speed.

In the first half of the year, Sichuan The total textile industry achieved a total industrial output value of 73 billion 457 million yuan, an increase of 7.27% over the previous year, up 1.28 percentage points from the first quarter, showing a trend of rising month by month. This reporter learned from the provincial economic and Information Committee recently.

　　 Economic performance Continued to rise. In 1-6 months, the total business income of the main industry was 70 billion 530 million yuan, an increase of 9.7% over the same period last year. The profit was 3 billion 510 million yuan, an increase of 10.8% over the same period last year, which is 3.28 percentage points higher than the average industrial profit level of the whole province.

Industry investment has also rebounded considerably. In 1-6 months, the fixed assets investment amount of the textile project of 5 million yuan or more in the whole province was 10 billion 631 million yuan, an increase of 11.61% over the same period last year, a 10.45 percentage point increase over the same period last year.

At present, our province textile industry Smooth operation, but still facing difficulties in rising costs and low market demand, the downward pressure is greater. However, the industry is still expected to continue to pick up at a low speed.

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At present, less than a month from the launch of new cotton, the stock of national cotton stocks is still huge, and the main cotton producing countries in the international market are expected to increase production more. In this market context, Zheng cotton prices continued to rise, triggering heated discussions in the market.

"The rise in cotton prices may be an amendment to the early fall." Zawa Hirohito, general manager of the Industrial Development Co., Ltd., Cheung Kwok Keung, told the futures Daily reporters that the domestic cotton market has entered the transition period from "policy city" to "market city". During this period, the impact of new and old policies on how to link up and how to implement the new policy will have a greater impact on cotton prices. At the same time, with the progress of cotton price marketization, the market factors such as supply and demand of cotton market will also gradually enhance the price. Therefore, the trend of cotton price is difficult to grasp, which is also the main reason for the current market's increasing attention to cotton prices.

Dong Shuangwei, general manager of DSW Cci Capital Ltd in Beijing, told reporters that from the resources available for circulation in the domestic cotton market, first of all, after August 31st, the State Cotton store will stop selling, although the stock of national cotton reserves is huge, but after the selling is suspended, the pressure on stock prices will be reduced. Secondly, the quota of imported cotton can not be enough, and the cheap cotton in the international market can hardly flow into the domestic market. The above three factors are concentrated, and coupled with the rigid demand of the textile industry in the downstream market from 9 to October, the imbalance of supply and demand in domestic cotton market is expected to increase.