What Is The Reason For The Overall Depression Of Cotton Industry Chain In 2015?

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Management company and country

The fourth China Cotton elite forum, supported by the market monitoring system and the Central Cotton Information Center, is supported by the Zhengzhou commodity exchange.

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The whole conference revolves around the outstanding problems and Countermeasures of China's cotton and cotton textile industry chain.

In this regard,

Weng Rufeng, deputy general manager of special products Group Co., Ltd. gave his views and ideas.

Weng always believes that there are two reasons for the overall downturn in the cotton industry chain in 2015: first, the big economic environment is bad, and the two is the contradiction between supply side and demand side.

At present, the end of the world's cotton inventory is at a high level of 20 million tons. China's cotton stocks occupy 50% of the world's cotton inventories, and the inventory consumption is very high. With the decline of cotton quality this year, the structural contradictions are prominent. The low quality cotton is not being sought. The quality cotton is in short supply, while the reserve stocks are high, and demand continues to decline. The situation of oversupply is difficult to change in the short term.

Affected by the downside of the overall economy, the textile industry is extremely difficult to operate. The main reasons are the downturn in consumption, the sluggish demand for the terminal, the sharp reduction in the demand for orders, the serious excess of production capacity, and the two is that the cost advantage is not high. Besides the high price of raw materials, the textile industry's production costs continue to improve, the wage level is much higher than that of the Southeast Asian developing neighbours, the industry has no advantage in international competition, and the three is the problem of funds, which is slow to affect the operation of the funds. In addition, the major banks continue to tighten their loans to the textile industry, making the enterprises face the risk of capital chain breakage. Four, the homogenization of products is serious and lacks competitiveness.

For the future development of cotton and cotton textile industry chain, Weng. According to the six aspects of improving quality and efficiency, diversifying products, optimizing regional layout, building independent brands, realizing international strategy and sustainable development of green industry in 13th Five-Year, and putting forward suggestions and ideas on cotton and cotton textile industry.

He believes that the cotton and cotton textile industry reform should first start from cotton production, increase the selection and cultivation of fine cotton varieties, make overall planning and scientific planting, raise the level of science and technology, reduce the cost and increase the benefits of cotton planting; secondly, standardize the acquisition of processing enterprises, improve the processing technology and equipment, strengthen the management of cotton big data, strengthen the management of cotton big data, reduce the circulation of commodity circulation, accelerate the construction of trade platform, give full play to the role of circulation enterprises, encourage the acquisition and processing enterprises to go out and participate in international competition; finally, expand the development space of textile areas, speed up the internationalization of industrial layout, accelerate the integration and innovation and development with the Internet, and encourage the textile industry to speed up the merger and reorganization of enterprises and improve the concentration degree of industries.

Weng's overall analysis and Reflection on cotton and cotton textile industry chain from top to bottom, from inside to outside, has been highly endorsed and affirmed by relevant elite leaders and ministries and commissions. At the same time, it is hoped that the proposals of elite cotton companies can be realized at an early date, so that China's cotton and cotton spinning industry can get out of the temporary predicament and meet the bright future.