Although the expansion of the short-term industry in 2018 has a prominent impact on the mentality of the market, the downstream search is also conservative, but its performance in terms of physical volume supply, price trend, and industry profit are better than expected. During the year, the accumulated capacity of the short-selling industry was about 770,000 tons. In addition, there were parking manufacturers holding the resumption of production at the end of the year. The industry's new and re-production capacity reached nearly one million tons during the year.

As of the end of September, about 79% of the planned new capacity of 770,000 tons during the year has been put into operation.

In 2010, China's cotton price created a domestic high ten-year high, with a short stick, and then the accumulated capacity of the short-term industry in 2011 was about 740,000 tons. In addition, the market mentality tends to be rational, and its market price fell by about 10,500 yuan from January to September. Tons, in 2018, it is also in the year of expansion. Its market price has been fluctuating and strong since the beginning of the year. According to the theoretical cost and market price of the short-term industry, the market price of the market has bottomed out at a profit margin of about -5%. Relatively controllable.

Under the background of industry expansion during the year, the short-term factories basically took the initiative to ship production and sales as the main method. The average profit margin of the industry has been about -1% year-to-date.

From January to August 2018, the output of the short-selling industry was about 2.33 million tons, a decrease of about 2.8% year-on-year.

On the whole, although the expansion of the short-term industry in 2018 has a prominent impact on the mentality of the market, the downstream search is also conservative, but its performance in terms of physical volume supply, price trend, and industry profit are better than expected.

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