Production And Marketing Situation Continues To Pick Up Momentum

According to the tracking data of the China Cotton Textile Industry Association (hereinafter referred to as China Cotton Association) in September 2019, the production and marketing situation of cotton textile enterprises has continued the trend of recovery last month, and the finished product inventory pressure has eased slightly.

Raw material purchasing and inventory decreased, consumption increased.

In September, tracking the purchase of raw materials by enterprises decreased by 4.29%, and raw material cotton purchases decreased by 6.85%. In September, the price of domestic standard grade cotton averaged about 12800 yuan per ton, down 2.18% from the previous month, a low level in the past three years. Among them, the reserve cotton traded 215 thousand and 300 tons in the month, an increase of 44 thousand and 400 tons from the previous month. Due to the end of the end of September, the procurement of enterprises was more concentrated. The purchase volume of imported cotton in the raw cotton decreased by 6.65%. In September, the international cotton price A index averaged 71.73 cents per pound in September, and the ring ratio rose slightly. By the exchange rate, the tax free price difference of cotton at home and abroad was about 650 yuan per ton per month, narrowing nearly 50% compared with August, and the price advantage of imported cotton was obviously weakened. According to customs data, China imported 80 thousand tons of cotton in September, a sharp decrease of 11.11%. The purchase of non cotton fibers in raw materials increased by 1.23% in the two consecutive months. In September, the average monthly price of PET staple increased by about 2%, and viscose staple prices continued to decline. The average monthly price fell by 600 yuan per ton, down by more than 5%.

As of the end of September, the raw material inventory of cotton textile enterprises decreased by 5.24%, raw material cotton inventory decreased by 6.87%, and non cotton fiber inventory decreased by 0.38%. The main reason for the decrease in raw material inventory is the increase in the consumption of raw materials by 2.81%, of which the raw and chemical fibers increased by 2.06% and 4.48% respectively. In September, China Cotton Association went to Henan, Shandong, Jiangsu and other regions for investigation. It is understood that new cotton is expected to be listed in the middle and late 10 months. After the completion of the storage of cotton, the market resources will be relatively adequate. Most spinning enterprises plan to have 3~5 days off during the National Day holiday, and raw cotton stocks are in a month or so. Some enterprises with higher cotton demand or more capital adequacy are 2~3 months. Since September, the price of polyester staple fiber has fluctuated, the price of viscose staple fiber has been relatively stable, and the stock of textile raw materials such as chemical fiber has remained basically stable.

Gauze output and sales volume continued to rise.

Tracking enterprise data showed that the yarn and cloth output increased slightly in September, and the growth rates were 1.71% and 0.94% respectively, the increase was basically the same as last month. Faced with the situation of Sino US trade friction, the measures adopted by textile enterprises have achieved certain results.

Judging from the cumulative year-on-year situation, 1~9 months of yarn production decreased by 5.95% year-on-year, of which pure cotton yarn, cotton blended yarn and purified yarn yarn decreased to varying degrees, cotton yarn declined relatively large; fabric production year-on-year decline of 4.69%, of which pure cotton and cotton blended fabrics fell year on year.

By the end of September, the utilization ratio of spinning and weaving equipment in enterprises was between 90% and 92%, which decreased by nearly 3 percentage points compared with the same period last year. About 72% of the enterprises in the spinning enterprises are operating at above 90%, about 12% of the enterprises start up less than 80%, and about 76% of the weaving enterprises are operating at 90%, and 10% of the enterprises are below 80%. In the 1~9 month, the total electricity consumption decreased by 2.41% compared with the same period last year, and the decline narrowed slightly from the previous month. According to research enterprises, the market situation was slightly better than that in 6~7 months in 8~9 months. In order to ensure the balance between labor stability and production efficiency, some enterprises take a week off or avoid peak production.

Tracking enterprise data shows that 1~9 months, sales of yarn decreased by 6.83% compared with the same period last year, while sales of cloth decreased by 3.93% compared with the same period last year. Yarn sales increased by 3.75% in September. The average monthly price of cotton yarn decreased by about 2%, and the average monthly price of viscose staple yarn decreased by 3.5%. The price of imported yarn continued to decline, with a drop of about 1% to 3%. In the same month, China imported 150 thousand tons of cotton yarn, which was basically the same as last month. Sales volume increased by 1.65%. In the 1~9 month, the main business income decreased by 2.16% year-on-year, the decline narrowed by 0.5 percentage points from the previous month, mainly due to the narrowing of the sales volume year-on-year decline. By the end of September, the rate of production and sale of textile enterprises was about 98.29%, which was basically flat.

As of the end of September, yarn inventory fell by 1.80%, and inventory inventories increased by 0.96%. According to investigation and study, some enterprises with insufficient orders can maintain normal operation by producing conventional products, with an average stock of about 1 months.

Cluster production is generally stable.

In 1~9 months, the production of clustered enterprises was generally stable, and the average operating rate of tracking enterprises was around 85%. The total number of enterprises in the cluster decreased slightly, and the average number of employees declined.

Tracking of cluster yarn, cloth production decreased compared to the same period, yarn and cloth production capacity grew year on year. In 1~9 months, the tracking capacity of cluster spinning increased by 0.5% compared with the same period last year, and the output of all kinds of yarns decreased by 10.6% compared with the same period last year. The number of looms increased by 1.7% compared to the same period last year, and the total output of fabrics decreased by 7.2% compared with the same period last year.

From the main economic indicators, the main business revenue and profit of cluster enterprises decreased year by year. In the 1~9 month, the main business revenue and profit of cluster enterprises decreased by 8.5% and 9.4%, respectively, of which the number of enterprises decreased by 2.2% and 4.3% respectively.

The data of this report all come from the China Cotton Textile Industry Association, which involves more than 200 cotton textile enterprises and 15 industrial cluster data in China. The total spinning capacity accounts for about 60% of the national cotton textile industry.

This report is strongly supported by the Zhengzhou Mercantile Exchange.