Execution of Cotton Subsidy Policy Facing Difficulties
Posted: 09/12/2014 12:09:20 Edited: 09/12/2014 01:09:20Clicks: 6062
From August 25th to 31st, the stock index of textile and garments industry increased by 6.39%. At the same time, Shanghai and Shenzhen 300 index rose by 5.97%. So far, the textile and garments industry has beat the market with 0.42%.
In a macro perspective, official PMI in August, 2014 was 51.10%, declining by 0.60% compared with the same period in last year. Price index in.
Referring to price indexes, the statistics have different changes in various regions. The following correlation data are all produced by comparing with that of Aug 25th-30th.
Price index of Dieshiqiao Home Textile was 93.89 on September 5th, increasing by 0.05. Price index of Keqiao Textile reached 104.39 on September 1, decreasing by 0.17%.
Up to September 7th, domestic level 328 prompt products are 16936 RMB per ton, declining by 0.30%. COTLOOKA index is 74.45 USD per pound, decreasing by 1.13%. Of course, we can still expect the price of knitted fabrics to increase in the future.
In general speaking, we are optimistic on the whole textile and garments industry. The cotton prices differ at home and abroad. It is difficult for farmers to sell cotton at a good price. All these make the cotton subsidy policy in 2014 facing bad news. Slack demands, intensifying competition, and prior transformation push enterprises to seek for industrial development space, such as refined knitting machines. The government adopts effective mechanism to force the upgrading and transformation of dyeing and printing enterprises. This will boost the whole industrial level. The degree of centralization will increase as well.
In a macro perspective, official PMI in August, 2014 was 51.10%, declining by 0.60% compared with the same period in last year. Price index in.
Referring to price indexes, the statistics have different changes in various regions. The following correlation data are all produced by comparing with that of Aug 25th-30th.
Price index of Dieshiqiao Home Textile was 93.89 on September 5th, increasing by 0.05. Price index of Keqiao Textile reached 104.39 on September 1, decreasing by 0.17%.
Up to September 7th, domestic level 328 prompt products are 16936 RMB per ton, declining by 0.30%. COTLOOKA index is 74.45 USD per pound, decreasing by 1.13%. Of course, we can still expect the price of knitted fabrics to increase in the future.
In general speaking, we are optimistic on the whole textile and garments industry. The cotton prices differ at home and abroad. It is difficult for farmers to sell cotton at a good price. All these make the cotton subsidy policy in 2014 facing bad news. Slack demands, intensifying competition, and prior transformation push enterprises to seek for industrial development space, such as refined knitting machines. The government adopts effective mechanism to force the upgrading and transformation of dyeing and printing enterprises. This will boost the whole industrial level. The degree of centralization will increase as well.
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