[Cotton Textile Situation] Production And Sales Overall Weakness In October, Stock Pressure Persists.

According to the tracking data of the China Cotton Textile Industry Association (hereinafter referred to as the cotton trade association), in October, compared with September, the raw material procurement and consumption of cotton textile enterprises increased, the inventory decreased, the yarn production and inventory increased slightly, and the average yield of the cotton production and inventory decreased.

Raw materials: procurement, consumption double growth, inventory decline

　　 October 2019 tracking enterprise raw materials procurement increased by 4.11%, raw material cotton purchase volume increased by 6.04% In October, domestic standard cotton prices averaged about 12650 yuan per ton, down to the lowest level in nearly three years. With the advent of a large number of new cotton enterprises, the procurement of enterprises has gradually come to the factory. Recently, Sino US trade negotiations have been pushed forward, and the reserve cotton wheels have been put into the announcement, and the spot prices of raw materials have stabilized, and futures prices have risen at a stage. Cotton imports in raw cotton decreased by 7.06% In October, the international cotton price A index averaged 73.88 cents per pound per month, rising by 3.6%. The domestic and foreign cotton tax free price differentials narrowed to 100 yuan per ton, and cotton prices basically lost the price advantage. According to the Customs General Administration data, in October, China imported 70 thousand tons of cotton, a significant decrease of 12.5% in the month to month ratio, and a decrease for three consecutive months, reducing the monthly import volume for the past three years.

　　 The purchase amount of non cotton fibers in raw materials increased continuously for three months, an increase of 0.36%. 。 In October, the average monthly price of polyester staple decreased by 3.66%, and viscose staple prices stabilized steadily.

　　 As of the end of October, the raw material inventory of cotton textile enterprises decreased by 3.37% Among them, raw cotton inventory and non cotton fiber inventory decreased by 3.36% and 3.39% respectively. The main reason is, on the one hand, in September, some enterprises concentrated on the purchase of cotton reserves, and the stocks were relatively adequate and the base was relatively high. On the other hand, the consumption of raw materials increased by 1.81% in October.

Production: yarn production increased slightly and production decreased.

Tracking enterprise data display In October, yarn production continued to pick up 0.57%, and cloth production decreased by 5.85%. 。 According to investigation and understanding, most textile enterprises during the National Day holiday 3-5 days, the number of days started in October less than the normal month.

Judging from the cumulative year-on-year situation, 1~10 months of yarn production decreased by 5.90% year-on-year The decline was basically the same as last month's year-on-year increase. Fabric production decreased by 5.05% year-on-year The decline was slightly larger than the previous month.

By the end of October, the utilization rate of spinning and weaving equipment was about 92%, compared with 1.8 in the same period last year, and 1.3 percentage points respectively. In the 1~10 month, the total electricity consumption decreased by 1.33% compared with the same period last year, the decline narrowed by 1.08 percentage points from the previous month. In the spinning enterprises, about 76% of the enterprises with a starting rate of more than 90% accounted for 76% percentage points, which accounted for 78% of the weaving enterprises in the past 90% months.

Sales: sales fell, inventory pressure continued.

　　 In 1~10 months, the sales volume of the yarn decreased by 7.19% compared with the same period last year, and the total sales volume decreased by 4.11% compared with the same period last year. The decline was slightly larger than the previous month, and the market sales in that month were not as good as that in the same period last year. In October, yarn sales fell by 1.45%, while cloth sales decreased by 2.66%. 。 Monthly average price of pure cotton yarn is stable and weak. The average monthly price of polyester staple yarn and viscose staple yarn has decreased by 1% to 3%, and the price of pure cotton cloth has decreased by 1% to 2%. The price of imported yarn is basically stable. The cotton yarn imported in China was about 150 thousand tons that month, which is basically the same as last month. As of the end of October, yarn inventories increased by 0.26%, while inventory fell by 1.38%. 。 Because there are many uncertainties in the market, the pressure of stock going is persisting.

In 1~10 months, the main business income decreased by 1.84% year-on-year, the decline narrowed by 0.3 percentage points from the previous month. The main reason is that the price of yarn has stabilized or slowed down in the same month. The value of export delivery decreased by 7.94% compared with the same period last year, and the decline was widened from last month. By the end of October, the rate of production and sale of textile enterprises was about 98.13%, a decrease of 0.5 percentage points.

Cluster: production decline narrowed production capacity year-on-year growth

In 1~10 months, the production of clustered enterprises was generally stable, and the average operating rate of tracking enterprises was around 90%. The total number of enterprises in the cluster decreased slightly, and the average number of employees declined.

The output of tracking cluster yarn and cloth decreased year by year, the decline was narrower than that in 1~9 months, and the yarn and cloth production capacity increased year-on-year. One In October, the capacity of tracking cluster spinning increased by 0.5% compared with the same period last year, and the output of all kinds of yarns decreased by 10.3% 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 6.3% 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 1~10 month, the main business revenue and profit of cluster enterprises decreased by 8.1% and 9.2%, respectively, of which the number of enterprises decreased by 2.1% and 4.1% respectively.

The data of this report all come from the China Cotton Textile Industry Association, which involves more than 250 cotton textile enterprises and 15 industrial cluster data in China. The total spinning capacity accounts for about 60% of the national cotton textile industry.