Textile And Clothing: Focus On China News Super Expected Stocks

Domestic consumption demand showed a relatively fast growth in the first half of this year.

In 2011 1-6, the total retail sales of textile and apparel increased by 372 billion 700 million yuan, up 23.9% from the same period last year, which is 7.12 percentage points higher than that of the total retail sales of consumer goods 16.78%.

Among them, in June, the total retail sales of textile and apparel reached 57 billion 500 million yuan, up 24.6% from the same period last year, representing an increase of 2.8 percentage points over the May growth rate.

Meanwhile, the consumer confidence index has risen to 108.1 in June, the highest point since this year, and consumer spending will start to grow.

In the first half of the year, domestic textile and clothing consumption demand showed a steady and relatively fast growth trend, and the growth rate was basically unchanged from last year.

Export growth was high in the first half of the year.

The cumulative export volume of 1-6 months in 2011 showed that China's clothing and textile exports totaled 111 billion 725 million US dollars, an increase of 25.74% over the same period last year. Of them, textile exports totaled 45 billion 902 million US dollars, up 28.8% over the same period last year, and the total export volume of garments was 65 billion 823 million US dollars, up 23.7% over the same period last year.

Industry export growth in the first half of this year is still higher than the level of 23.7% in 2010, to achieve super expected growth, but the export growth rate is slowing down month by month, and the industry continues to maintain high growth pressure.

Output of main products in the first half year

In June, the output of yarn, cloth and clothing was 2 million 606 thousand tons, 5 billion 560 million meters and 2 billion 324 million pieces respectively, representing an increase of 13.4%, 16.7% and 12.1%, respectively, compared with May.

In 2011 1-6, the total output of yarn, cloth and clothing was 13 million 414 thousand tons, 28 billion 330 million meters and 11 billion 729 million pieces, respectively, up 11.1%, 15.4% and 12.5% respectively. The output of main products in the first half of this year maintained an average growth rate.

Textile raw materials prices continue to fall, long-term beneficial to the industry

In June, domestic and foreign cotton prices continued to oscillate downward.

As of July 22nd, China's 328 cotton price index had dropped to 21096 yuan / ton, with a total decline of 14%. The Cotlook:A index of cotton spot price was 116.1 cents / pound, with a cumulative decline of 31%, which was much higher than domestic cotton prices.

Raw material prices fluctuate drastically, business wait-and-see sentiment is strong, and the weakness of downstream demand has become the main reason for the sharp fall in cotton prices.

As the price of MEG, polyester PTA and other chemical fiber raw materials has rebounded under the influence of global oil prices, the prices of polyester, viscose, spandex and other synthetic fiber products have dropped slightly.

Among them, polyester fiber basically maintained a stable level, domestic staple fiber prices basically maintained at 12650 yuan / ton, and viscose fiber drop larger.

As of July 22nd, viscose filament and viscose staple fiber decreased by 5.5% and 15.4% respectively compared with the beginning of June.

Give the industry "overweight" rating, focusing on China Daily super expectations.

In the first half of this year, the overall domestic demand and exports of the industry maintained a relatively fast growth trend, and the overall operation of the industry was in good condition.

The recent fall in raw material prices will help reduce the overall cost pressure of the industry and enhance the overall profitability of the industry.

August will enter the performance intensive disclosure period of the Chinese newspaper, and the super expectation of the Chinese newspaper will become an important catalyst for the stock price.

Give industry "overweight" rating

It is recommended that this year's annual order will be in good condition and the annual quality growth will be clear. The high quality brand enterprises in August recommended fuanna, Luo Lai home textiles, wedding bird and Huafu color spinning.