Inventory Rate Of China'S Circular Yarn Industry

1. At the beginning of July, the National Cotton Industrial inventory usage days were about 32.8 days

According to the sampling survey conducted by the national cotton market monitoring system, as of the beginning of July, the average cotton inventory days of the sampled enterprises were about 32.8 days (including the quantity of imported cotton), which decreased by 4.6 days on a month on month basis, and increased by 1.3 days on a year-on-year basis. It is estimated that the National Cotton Industrial inventory is about 630000 tons, with a month on month decrease of 12.6% and a year-on-year decrease of 8.6% (as shown in Table 1 and figure 1). The inventory status of cotton industry in major provinces of China is different, and the days of cotton industry inventory discount in Hebei, Fujian and Shaanxi provinces are relatively large (as shown in Figure 2).

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2、 The willingness to wait-and-see of raw material procurement increased and the cotton blending ratio was stronger

According to the survey of purchasing intention, at the beginning of July, enterprises preparing to purchase cotton accounted for 64.5%, with a month on month decrease of 0.5 percentage points and a year-on-year increase of 7.8 percentage points; 34.2% of the enterprises with a wait-and-see attitude increased by 3% on a month on month basis, and a year-on-year decrease of 3.1 percentage points; enterprises that did not intend to purchase cotton accounted for 1.3%, with a decrease of 2.6 percentage points on a month on month basis and a decrease of 4.7 percentage points on a year-on-year basis (see Figure 3).

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The enterprises that plan to distribute cotton increased by 2.2 percentage points on a year-on-year basis (1.2 percentage points lower than the same period of last year; for example, the enterprises planning to mix cotton increased by 1.2 percentage points compared with the same period of last year, and decreased by 1.2 percentage points compared with the same period of the same period of the same period of the same period of the same period).

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3. The capital turnover and employment situation of enterprises continued to improve

According to the capital turnover survey, at the beginning of July, 54.5% of the enterprises with good capital turnover accounted for 54.5%, with a month on month increase of 3.9 percentage points and a year-on-year decrease of 3.3 percentage points; those with poor capital turnover accounted for 33.8%, with a month on month decrease of 1.3 percentage points, and a year-on-year increase of 4.9 percentage points; those with serious lack of funds accounted for 11.7%, with a month on month decrease of 2.6 percentage points and a year-on-year decrease of 1.6 percentage points (as shown in Figure 5).

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At the beginning of July, 67.5% of the sample enterprises had normal employment situation, with a month on month increase of 1.3% and a year-on-year increase of 0.1%; 27.3% of the enterprises had poor employment situation, with a month on month decrease of 1.3% and a year-on-year increase of 2 percentage points; 5.2% of the enterprises were seriously short of workers, which was flat month on month, with a year-on-year decrease of 2 percentage points (as shown in Figure 6).

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4、 Yarn, cloth production and sales rate continued to rise, inventory decreased

The sales volume of the same period decreased by 8.4% compared with the same period in the same period, which was 8.4% lower than that of the first three days in the same period, 4.4% lower than that in the first three days of the same period, which was 8.4% lower than that of the same period in the same period. The production and sales rate of cloth was 86.2%, up 1% month on month, down 5.6% year on year, 9.7 percentage points lower than the average level of the same period in recent three years; inventory was 42.5 days, sales volume decreased by 3.5 days month on month, decreased by 6.7 days on year, 0.7 days higher than the average level of the same period in recent three years (as shown in Figures 7 and 9).