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The Price Of Raw Materials Has Gone Down &Nbsp; The Opportunity Of Clothing And Home Textile Stocks Is Showing.

2011/8/17 18:04:00 40

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Low Prices Of Raw Materials Home Textiles

Raw material

cost

decline

clothing

Textile enterprises are facing low cost of raw materials.

Since March 2011, cotton prices have fallen all the way, from 31 thousand yuan / ton in the middle of March to about 20 thousand yuan / ton at the end of July, a drop of more than 35%. The decline in cotton prices has led to a significant adjustment in the prices of raw materials related to cotton, such as polyester, viscose, spandex and cotton, and the cost of raw materials in the clothing and textile industry has declined.

Despite the low price of raw materials, the retail price of the apparel home textile industry is sticky and the price will not rise, which will help to raise the profitability of the industry.

Bohai Securities said that the price rise of autumn clothing was generally over 10%, while at the same time, cotton prices had fallen below 20000 yuan / ton, and the price increase of brand clothing contained more consideration of "raising the brand's high-end positioning through regular annual price increase".

Shenyang Wanguo said that the high-end products generally do not arbitrarily reduce the retail price to affect the consumer's recognition of the brand, so it is estimated that the price range of new products, especially high-end goods, will be limited in spring and summer next year.

Since the autumn and winter ordering of garment home textile enterprises will be held in May, the fall in cotton prices will ease the cost pressure of new products in spring and summer in 2012.

SW believes that there are

brand

Force and pricing power of clothing enterprises in 2012 retail prices can continue to maintain or slightly increase, cotton prices fall to ease its cost pressures, so the gross profit margin is expected to maintain or continue to improve, optimistic about men's wedding birds (002154), seven wolves (002029), nine Mu Wang (601566), home textiles Luo Lai home textiles (002293), fuanna (002327), Meng Jie home textiles (002397), can be bought and held for a long time.

Chemical fiber industry profits stabilized

Under the pressure of continuous adjustment of cotton prices, the price of chemical fiber is also close to the bottom, and profits have stabilized.

Huatai United Securities said that since the end of March, cotton prices have dropped. Meanwhile, the prices of cotton lint, cotton pulp and viscose have dropped sharply. But since mid July, the price of cotton pulp and viscose staple fiber has stabilized before cotton prices. With the current price of 18000 yuan / ton of viscose staple fiber and 11000 yuan per ton of cotton pulp, the industry has begun to turn losses into profits, and most leading enterprises have gradually resumed production.

Huatai United Securities believes that the steady decline in the profitability of the viscose industry reflects the good expectations in the industry for the peak season, and the downstream yarn enterprises replenishment. The leading manufacturers' resumption of production and the gradual delivery of new capacity also basically confirm the trend of the industry's turning around.

In the short term, the resumption of production capacity and new production capacity may still take time to digest. The recovery of textile and garment in the lower reaches still needs continuous observation. But with the advent of new cotton in 9-10 months, the coming of the peak season and the improvement of operating rate, the profitability of viscose staple fiber industry will gradually increase.

Shen Wan also said that since July, viscose short fiber

Price

The decline has slowed down, and the willingness to take delivery of the downstream products has increased. Judging that the price of viscose staple fiber has entered the bottom area. Raw materials, the further decline in the price of cotton pulp and the successive production of domestic pulp will help to improve the profitability of the industry. However, with the reopening of maintenance capacity and the release of new capacity, viscose staple fiber prices are unlikely to rise substantially, and the possibility of sustained prosperity in the industry is also small.

China and Thailand believe that the viscose staple fiber enterprises in Australia Ocean Technology (002172) elasticity is the largest, viscose gross profit per expansion of 1000 yuan / ton, the company earnings per share thickened 0.32 yuan.