Three, downstream textile and apparel market performance

Customs statistics show that in June, the total value of imports and exports in China both set a new record in July 2008, with the growth rate of exports of textile and clothing products. In June, CPI and PPI grew by an unexpected drop of 2.9% and 6.4% compared with the same period last year, and inflation pressure dropped sharply. The GDP growth rate in the second quarter was 10.3%, while GDP in the first half was 17 trillion and 280 billion yuan, an increase of 11.1% over the same period last year. The central bank's report shows that the growth rate of money and credit has slowed down. As a leading indicator of economic operation, the current decline in monetary and credit growth has, to a certain extent, slowed down people's worries about the economic overheating a few months ago, but at the same time, it also exposed new shoots of economic growth.

Affected by the off-season, the shipment of autumn and winter fabrics is relatively general, product quotations slipped slightly, cotton, brocade, cotton, polyester cotton, cotton, yarn card and other varieties of shipments in general, product prices remained stable; cotton cotton spot trading is still weak, continue to sell at reduced prices. Printing, dyeing, coating and other finishing factories have been shut down due to hot weather, which has also worried the fabric market. In July, the off-season has arrived, and the shipping sentiment of the fabric enterprise market is increasing, and the low price sellers are more frequent.

This week, many cotton makers also lowered their product quotations. One of Shandong's biggest factories, after losing 3 wool per meter last week, continued to cut 5 wool / rice on this basis to cope with market competition this week. According to the data of China Shengze silk chemical fiber index of Ministry of Commerce, this week Polyester cotton The price index closed at 100.15 points, down 0.03 points from last week, and the Jinmian price index closed at 101.03 points, down 0.12 points compared with the same period last week, and the cotton brocade price index closed at 99.52 points, down 0.20 points. At present, a popular home textile grey fabric in the market is made of combed 60S as raw material, and woven on air-jet looms according to 90 * 88 specifications. The width of the grey cloth door is 63 inches, and the market quotation is only around 6 yuan / meter.

Four, short-term market trend forecast

　　 All cotton yarn At present, shipments of all cotton yarn market are continuously cautious, and all enterprises are ready to start the pace of decline. The continued downturn in the market atmosphere, the more obvious the price decline, the arrival of the off-season in July, and the uncertainty of the international economic situation, all cotton yarn will continue to be weak.

　　 Polyester yarn At present, although the market price of polyester staple continues to fall, the market of pure polyester yarn is relatively stable compared with the high price of cotton yarn. At the same time, the profit margins of pure polyester yarn are fairly good. It is expected that the pure polyester yarn market will continue to move smoothly with the support of market demand.

　　 viscose yarn At present, viscose staple fiber prices continue to decline, the market oversupply situation continues to affect viscose staple fiber cost downstream spanition. Although the shipments of the cotton yarn market are fairly general, the decline in the market has already been heard, and the profit margins of cotton yarn are still ample. It is expected that the market of cotton yarn will drop slightly.