Price conduction signs clear PMI index may drop in high

⊙ reporter Li Yan 0 edit Aijia "have been afraid to take the new orders, now to catch the early orders, if necessary, only choose to close the door." "A textile enterprise insiders said helplessly.　　According to the reporter understand, with the prophase production factor price soaring, from upstream to downstream of many enterprises are now frustrated.　　Corporate "grievances" have been reflected-November 30, Morgan Stanley released the latest data show that China's business sentiment Index (MSCBCI) has fallen markedly, has been approaching 50 of the line of glory. "This bodes well for the November purchasing Managers ' Index (PMI) to fall back and may weaken the momentum of economic growth in the months ahead.　　"In the opinion of the industry, intensive policy and short-term price intervention may help stabilize the expectations of higher prices, but whether it is agricultural or industrial goods, the price of the market is determined by supply and demand, and price management needs a new balance." The PMI index has fallen to a certain level, as planned, and China's November PMI data will be released today.　　The industry is widely expected to fall back from a October-year high of 54.7 per cent in the first indicator of the momentum of economic growth.　　As PMI's leading index, the MSCBCI index decline also indicates that November PMI will appear high drop. The MSCBCI index fell from 67 in October to 51.1 in November, the second consecutive month, with a significant increase in the decline, Morgan Stanley released data yesterday.　　Currently, the MSCBCI index is close to the 50 line--like the PMI index, which is above 50, which reflects the overall expansion of the economy and, conversely, the recession. "Two consecutive months of decline, showing that the current economic environment has caused a negative impact on business activities."　　The Morgan Stanley report said. According to Mni, a global financial information agency based in Deutsche Exchange, the overall operating status index for Chinese companies in November dropped to 64.14 in November from 65.03 in October.　　Previously, the data released by MNI was highly consistent with PMI's trend.　　The soaring factor price has hit the downstream enterprise into the November, is driven by the inflation expectation, the enterprise operating cost has risen greatly, the pressure of the entrepreneur has followed.　　Morgan Stanley said in its report that forecasts for future earnings have shifted from cautious optimism in the October to a relative balance, and that business expectations have become "less optimistic" about the expansion of profit margins and the growth of businesses. To absorb more jobs in the industry--textile industries, for example, in the cotton price soaring pressure has not been completely resolved, the November chemical fiber prices also appeared unprecedented sharp rally. According to statistics, November 4-9th, polyester prices in just 5 days from 18150 Yuan/ton rose to 22400 yuan/ton, up to 4250 yuan/ton.　　And in this year's production and marketing of the two prosperous July, polyester's monthly gain is only 1000-2000 yuan/ton. The rally has broken through.Downstream fabric manufacturers to withstand the limit. Wujiang a textile mill said, although the company chose to increase fabric price transfer pressure.　　But due to the slow conduction process, the current fabric prices are still significantly lower than the cost increase. What is more noteworthy is that, under the stimulus of inflation expectation, the upward pressure of enterprise human cost is increasing day by day. A textile enterprise insiders told reporters: "has long been afraid to take orders, to catch the preliminary list, if necessary, only choose to close the door."　　"Upstream enterprises for the price of a steep fall to prepare according to the reporter understand, in the textile enterprises difficult to live at the same time, upstream chemical fiber enterprise mood is not easy. China Chemical Fiber Industry Association honorary president Zheng said, the chemical fiber main product price rise space "greatly exceeded the expectations", on the surface is a strong market demand pull, but obviously with cotton hype caused its high price of the vicious factors. He thought that after the sharp rise, there is a sharp fall, "2008 from 9 to October, the impact of the financial crisis has occurred, textile chemical fiber, the whole market price seriously disordered phenomenon may reappear, it is worthy of high concern of enterprises."　　"To this end, the Chemical Fiber Industry Association advises enterprises to do a good job of the price fall of the preparation, including the reduction of raw materials and product inventory, a good cash flow, such as in the current profit is better, the enterprise can advance some loss reserves." "At present, chemical fiber enterprises basically do not have the mentality of the goods, inventory generally low." The Ministry of Industry told reporters.