2016 Zhejiang Cotton Industry Research Report Series Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! The past two years, the domestic yarn market, the mainland yarn, imported yarn and Xinjiang yarn three points. Is currently in the textile "golden nine silver ten" during the season, Jiangsu and Zhejiang as the main production and sales of yarn, yarn production situation how? What is the impact of imported yarn on the mainland yarn? What is the status of Xinjiang yarn? The enterprise views on what future prices? With these questions, we participated in the 2016 Zhejiang cotton research. Introduction: the research time: September 19-23, Xiaoshan, Shaoxing research location: Hangzhou, Ningbo, Jinhua, Lanxi research content: spinning mills, yarn trader, grey factory (1) spinning factory: Mainland spinning factory in difficult circumstances, before 2015 imports of domestic yarn yarn is large, the impact after 2015, Xinjiang large impact on the mainland yarn yarn. With 32 pure cotton yarn as an example, the theoretical calculation of Xinjiang yarn to enjoy the preferential policies of about 3000 yuan a ton; from the actual understanding of the situation, to enjoy the plant in Xinjiang enterprises tons of yarn discount of about 2000-2500 million tons, taking into account the transport distance from Xinjiang and these longer than the actual, real estate yarn cost advantage about 1500 yuan t down. Due to the obvious weakness in the mainland spinning, the strength of the domestic enterprises have to invest and build factories in Xinjiang and abroad. 1, Vietnam due to enjoy zero tariffs on imports of cotton, cotton yarn exports to China zero tariff as well as the distance to China, the domestic textile enterprises. 2, the United States due to low cost of raw materials, low land costs and policy stability, there are a small number of enterprises to enter the u.s.. 3, the textile factory in Xinjiang can enjoy obvious policy concessions, but the policy is the continuity of the enterprise is currently more concerned about the problem. Driven by cotton prices in 2016, most of the textile enterprises of cotton prices bullish mentality, intends to lock more cotton resources. (2) the yarn Trader: since 2016, India and Pakistan affected by the sharp rise in domestic prices, compared with imports of yarn yarn made, especially in Xinjiang weakened the competitiveness of imported yarn, yarn trade is relatively poor. In 2016, Vietnam accounted for in Chinese yarn cotton yarn imports in the proportion increased, a number of reasons: 1, the number of China enterprises to invest in Vietnam mills increased; 2, Vietnam Chinese sales areas near distance, short delivery time; 3, the use of cotton yarn Vietnam, Australia cotton can satisfy domestic package bleaching the demand for high-end products. Domestic yarn traders feedback, in 2016 6, in July, a good yarn sales, but in September the sale of light, which in previous years, the market season in September there is a big difference. (3): 2016 6, July fabric mill yarn prices to downstream factory purchasing enthusiasm, yarn inventory increase. The grey factory inventory is large, leading to poor yarn purchasing in September, confirms the trader’s feedback yarn. 2015 second half of the year, cotton prices led the yarn and fabric prices failed to effectively transfer to the end of