Chinese Market: Manufacturing Industry Continues To Expand Slightly

According to the latest news of the National Bureau of statistics, in June,

The Manufacturing Purchasing Managers Index (PMI) was 50.2%, unchanged from last month, higher than the critical point, and manufacturing industry continued to expand slightly.

According to the classification index, production index, new order index and supplier delivery time index continued to be higher than the critical point in the 5 classification indices of manufacturing PMI, and the employee index and raw material inventory index were below the critical point.

The production index was 52.9%, unchanged from last month, above the critical point.

Production growth remained stable; the new order index was 50.1%, down 0.5 percentage points from last month, still above the critical point, indicating that the manufacturing market demand growth slowed down.

According to the scale of enterprises,

PMI was 50.8%, a slight increase of 0.1 percentage points from last month, which continued to be higher than the critical point. It was a strong support for the stable PMI in manufacturing industry; the PMI of the medium-sized enterprises was 50.2%, down 0.2 percentage points from last month, still higher than the critical point; the small business PMI was 47.5%, down 0.4 percentage points from last month, and the contraction scope increased for 2 consecutive months.

The stock index of raw materials was 48.7%, up 0.5 percentage points from last month, but still below the critical point, indicating that the stock of raw materials in manufacturing industry continued to decrease and the decline was narrowed. The supplier delivery time index was 50.3%, down 0.6 percentage points from last month, which is higher than the provisional boundary point, indicating that the delivery time of manufacturing raw material suppliers has accelerated.

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It is reported that 2014 will allow cotton trade enterprises to participate in the auction.

The analysis of cotton enterprises involved in Jiangsu, Shandong, Henan and other places is that the main task of the departments concerned is to "go to stock", and traders have an advantage in terms of fund volume, market supply and demand, and no textile monopoly is conducive to horizontal integration of cotton textile mills, cotton operators and other agricultural enterprises, so as to speed up the progress of national cotton storage.

Most traders believe that after the 2012 import of cotton and cotton in the United States, there is little change in the rate of decline after the re inspection. Some traders even think that the cotton coming out of the National Reserve will be better than the current cotton, Central Asian cotton and West African cotton.

According to some foreign businessmen and institutions, the total number of imported cotton or cotton imports in 2012 is only 200 thousand tons, which is a big probability event.

It is understood that since the end of June, the cotton spot market in and out of Xinjiang is relatively quiet. Besides the South Xinjiang high quality hand picked cotton, there are enquiries and pactions, but the machine picked cotton and real estate cotton have been deserted. However, the price of the national cotton store is higher than that of the spot, and the ICE futures and the rebounding of Zheng's disk have been rebounded.

On 2-3 July, the gross price quotas of hand picked cotton in 2128 (2129) and 3128 (3129) class warehouses in Hebei, Shandong and Jiangsu were 13700-13800 yuan / ton (quoted weight 13400-13500 yuan / ton), 13300-13500 yuan / ton respectively.

As usual, the 7-9 month is the off-season production of the cotton textile mill in the mainland. In addition, it is expected that the new cotton will probably be listed before and after mid September. Therefore, the mentality of purchasing the onlookers with cotton enterprises and operators is more prominent.