Increased Recovery Of Textile Yarn Spinning Enterprises Want To Raise Prices Between Supply And
First quarter of 2010, China's total textile and apparel increased by 15.20%
. Although the growth rate of exports in March and the month before the cumulative growth rate in February compared to a larger degree of decline, we believe that textile and garment export growth momentum has not changed, the future textile and garment exports will continue to grow. Degree of recovery in the textile industry boom driving demand for yarn, the yarn produced the recent market, expected in the next few years will continue. While textile export growth has continued for 6 months faster than the growth rate of apparel, textile boom of the world continue to rise. We recommend that in addition to focusing on: a bargaining power of the export-oriented enterprises, as well as printing and dyeing, accessories sub-sector leader, yarn manufacturer recent special concern.
Investment Highlights:
The first quarter of the amount of textile exports continue to grow and serve more than 08 levels a year earlier, the future of textile and garment exports will continue to grow. First quarter of 2010, China's total textile and apparel exports 39.246 billion U.S. dollars, up 15.20%. Among them, total textile exports 15.207 billion U.S. dollars, total apparel exports 24.039 billion U.S. dollars, the growth rate was 26.54% and 9.03%, continuing an upward trend in export value, and more than 08 years ago. Although the growth rate of exports in March and the month before the cumulative growth rate in February compared to a larger degree of decline (textiles, apparel export growth before the February total was 39.43% and 23.71%), which is a random number of business customs sex-related. We believe that textile and garment export growth momentum in the (gradual recovery in Europe and the United States demand, export prices increased) and no change in the future textile and garment exports will continue to grow.
Do not fall in exports (or increased) prices, the future of domestic textile and apparel exports will continue to grow, most likely more than 10% annual growth expected. Employment rate in Europe and the United States improved the situation, consumer demand will gradually rise, especially in the clothing more than a year after shrinking consumption, clothing needs will be presented in greater rigidity demand pull. Therefore, the future of domestic textile and garment export-oriented enterprises will not be down orders. Higher raw material costs will also encourage manufacturers to further price increases, the transfer of raw materials cost pressures. Future orders for the domestic textile and garment export prices will further increase. Steady price rise in the volume of cases, the amount of the domestic textile and clothing exports will continue to grow, not be ruled out if the ultra-expected economic recovery in Europe and the United States, the annual growth of textile and garment exports is likely more than 10% annual growth expected.
Textile export growth continues to more than apparel, textile boom of the world continue to rise. At present, the textile export growth has continued for 6 months faster than the growth rate of apparel and textile exports in 2010 reached into 15.207 billion U.S. dollars, more than 08 years earlier levels (in 2008 compared to 14.614 billion U.S. dollars). As international demand (especially Europe and the United States) began to improve, the global textile industry operating rates continue to rise further, the global textile industry boom of the continued upward trend.
Degree of recovery in the textile industry boom driving demand for yarn, yarn production market recently, the next few years will continue to maintain the yarn market. As the textile boom of the recovery, downstream demand-pull demand for the upstream yarn, yarn market, better market's recent performance, yarn prices rose in the week, about 1,000 yuan. Main reasons: the gradual recovery of the textile industry, increased demand for upstream products; "labor shortage" caused by the domestic small and medium textile enterprises started low, medium and low-grade products to ease the disorderly competition; bad weather, transport difficulties Cotton, the yarn supply reduction to large enterprises to raise prices to be the best choice. Although Cotton transport difficulties are temporary, but the "labor shortage", the industry demand for the recovery of the yarn will pull medium to long term, we believe that in the next 2-3 years, yarn market will continue.
Focus on listed companies. We believe that there is bargaining power should focus on export-oriented companies such as Lutai A. There are textile printing and dyeing industry, the recovery process, accessories sub-sector, Weixing, Air China shares, the public and the stock is still cause for concern. Another yarn leading enterprises share the same concern Huamao.
Increased Recovery Of Textile Yarn Spinning Enterprises Want To Raise Prices Between Supply And
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Increased Recovery Of Textile Yarn Spinning Enterprises Want To Raise Prices Between Supply And