Enterprises Started To Postpone Production Decline Significantly -- Cotton Textile Enterprises Survey Report (February 2020)

Affected by the epidemic, textile enterprises started late this year, and started construction after February 10th. The actual start-up rate and the low rate of workers' arrival were not fully restored. According to the cotton warning system in China, more than 90 fixed-point textile enterprises nationwide have shown that raw material inventory of textile enterprises has declined, textile production has decreased, yarn inventory and cloth inventory have dropped slightly.

1. The decline in textile production

In February, the output of textiles decreased significantly compared with that of last month. According to the survey, yarn production decreased by 71.2% compared with the same period last year, down 30.4%, of which: pure cotton yarn accounted for 68.2%, down 0.4 percentage points from last month; blended yarn and chemical fiber yarn accounted for 31.8%, up 0.4 percentage points from the previous month.

Cloth output fell 74.3%, down 34.4% compared to the same period, of which: pure cotton cloth ratio, down 1.1 percentage points from last month. Yarn sales rate was 69.5%, down 8 percentage points from last month.

At present, the finished product inventory of spinning enterprises is 24.15 days, a decrease of 0.07 days from last month. Finished product inventory for grey goods finished 29.21 days, 0.24 days less than last month.

Two, inside and outside cotton yarn price drop

The price of cotton yarn both decreased inside and outside this month. According to the survey, the average price of 32 domestic pure cotton yarn in February was 20556 yuan / ton, down 167 yuan / ton, or 0.81%, down 2569 yuan / ton compared with the same period last year, or 11.10%; the average monthly price of imports of 32 pure cotton yarn was 20509 yuan / ton, a decrease of 144 yuan / ton from last month, or 0.7%, a decrease of 2381 yuan / ton compared with the same period last year.

　　 Three, raw material inventory decline

Textile enterprises gradually returned to work this month, but the general start-up rate was low, and the demand for raw materials was suppressed. At the same time, due to limited transportation, the purchase and circulation basically resumed in late February. As of February 29th, the stock of cotton in textile enterprises was 721 thousand and 800 tons, 4 thousand and 700 tons lower than the end of last month, a decrease of 87 thousand and 500 tons compared with the same period last year. Among them: 36% of enterprises reduce cotton inventories, 15% increase inventories, and 39% remain basically unchanged.

　　 The proportion of Xinjiang cotton in textile enterprises has declined, the proportion of real estate cotton has increased, and the proportion of imported cotton has decreased.

1. textile enterprises used Xinjiang cotton accounted for 89.54% of the total cotton consumption, a decrease of 0.28 percentage points from the previous month, an increase of 14.68 percentage points from the same period last year. Among them, the proportion of Xinjiang cotton in reserve was 6.36%, and the proportion of Xinjiang cotton in this year was 93.64%.

2. the proportion of real estate cotton used by textile enterprises was 3.02%, an increase of 0.4 percentage points over the previous month. Among them: the proportion of reserve real estate cotton is 8.68%, and the proportion of real estate cotton is 91.32% this year.

3. the proportion of imported cotton used by textile enterprises was 7.44%, a decrease of 0.12 percentage points from last month, a decrease of 4.76 percentage points compared with the same period last year.