The Situation Of Autumn Cocoon Purchase In Jiangsu Is Mixed.

This year Jiangsu Province The quality of autumn cocoon is basically stable, and is still leading in the country. Although the yield of autumn cocoon has declined a little, but because the production measures are in place and service guidance is timely in the main production areas of Jiangsu Province, and there is no hot weather in the autumn silkworm production period, silkworm has a good growth and development. It is expected that the cocoon quality will continue to stay ahead, and high-quality cocoons should still be supplied.

Though this year Autumn cocoon The acquisition has more than Advantage However, we must soberly see that there are still some negative factors. First, the silk market has fallen to a low level, and the processing and processing enterprises have been struggling. The cocoon and silk industry has always been export oriented. Due to various factors, the export of silk has been affected, and the expansion of the domestic silk market has been slow, resulting in poor sales channels for silk processing enterprises.

With the increasing cost of raw materials, rising prices of all kinds of raw materials and increasing labor costs, the processing enterprises have greater pressure. Secondly, from August 1st onwards, Zhejiang province has implemented the general taxpayer who bought silk cocoon as raw material for reeling production and sales, and has been included in the pilot scale of approved value-added tax of agricultural products.

For a long time, the input tax was offset by 13%, and the output tax was 17%. At present, the tax authorities in Jiangsu are still making a thorough investigation. When will the Zhejiang pilot policy be implemented and the tax burden will be on the same starting line, which is expected by Jiangsu filature enterprises. In addition, the momentum of illegal trade in Jiangsu has increased and enforcement management has become more difficult. Now there are more and more ways to investigate and deal with cocoon traders, and the means of trafficking are more and more new.

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According to introduction, spandex is a kind of elastic fiber, and 70% of its capacity is in China. In recent years, the demand for spandex has increased rapidly. Especially after 2000, domestic spandex has a relatively fast growth, except for 2011, the annual growth rate is more than two digits. As one of the largest spandex fiber manufacturing enterprises in China, the annual production capacity of Huafeng spandex has reached 57 thousand tons as of the end of 2012.

According to the company's three quarterly report in 2013, it is estimated that the net profit in 2013 will be 250 million yuan to 310 million yuan, up 1258.5% to 1584.5%. compared with the same period last year. The main reason for the change is that the price of the product has increased significantly compared with the same period last year. The company has been driving at full capacity, the output has increased, the cost has decreased, and the gross profit has been raised.

This month, a number of institutions including China Ping An, Fu Guo fund and China Post Fund have concentrated on the investigation of Huafeng spandex. Since the second half of the year, the spandex industry has been warmed up rapidly, resulting in tight supply of spandex and several price increases in the off-season.

On the other hand, the company's product output has been greatly improved due to the construction project's production, technological transformation and product structure adjustment. The company maintains full load at present, and its production and sales rate is close to 100%.. Analysts say that under the background of the volume and price rise, Huafeng spandex's fourth quarter and annual performance are expected to exceed expected growth.

According to the company's introduction, from the downstream market situation of spandex, the growth mainly comes from two aspects: one is the increase of the proportion of spandex in the traditional spandex application field; the two is the emergence of new application fields, such as high resilience home textiles, diapers, medical bandages and so on, from the traditional clothing fabric field to home textiles, medical, health care and other fields.

Although entering the September, due to the decline of polyester and other bulk chemical fiber products prices, some downstream customers' wait-and-see mood has increased, and the price increases in the peak season are different from the market expectations, but it does not affect the market structure of spandex tight supply.

Inventory, since the second half of this year as the market has obviously recovered, the company's inventory progress is very fast. According to the company's disclosure, the company's inventory is kept at around 10 days. Taking into account the inventory factors in the first half of the year, it is estimated that the annual sales volume will exceed the output.

Taihe new material is similar. Recently, the company's research records revealed that many organizations such as Nomura international and baring assets concentrated on the production and marketing of the company recently.

According to Taihe new material, the basic supply and demand pattern of spandex is clear, and the demand is expected to increase by more than 10% next year. From the supply point of view, there is basically no capacity in the first half of next year. In the second half of the year, there are 3-6 tons of new capacity in the second half of the year, so the first half of next year should be in short supply. According to convention, spring's peak season is usually a tentative price increase.