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Prosperity Report Of China'S Cotton Textile Industry In July 2020

2020/8/25 11:58:00 92

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July Cotton Textile Industry Business Report

In terms of foreign trade, according to the data from the customs, in July 2020, China's textile and clothing exports amounted to US $31.294 billion, up 13.74% year-on-year. Among them, the export volume of textiles (including textile yarns, fabrics and products) was 15.976.9 billion US dollars, an increase of 48.38% year-on-year, and the export volume of clothing (including clothing and clothing accessories) was 15.3175 billion US dollars, a year-on-year decrease of 8.54%. In April, may and June 2020, the year-on-year growth rate of textiles will reach 49.36%, 77.34% and 56.72% respectively, while that of clothing will decrease by 30.31%, 26.95% and 10.2% respectively. The main reason for the slowdown of textile export growth is that the demand for epidemic prevention materials has decreased, and the export of related products has decreased. With the control of epidemic situation in some foreign countries and regions, the demand for clothing of residents has increased, and the decline rate of clothing export has been reduced.

Raw material purchasing index

Specific data, the average price of 3128 cotton in China this month was 12348 yuan / ton, up 176 yuan / ton on a month on month basis; the average cotook a index was 68.52 cents / pound, up 0.73 cents / pound; the average price of mainstream viscose fiber was 8504 yuan / ton, down 384 yuan / ton month on month; the average price of 1.4d direct spinning polyester was 5397 yuan / ton, down 448 yuan / ton month on month.

Stock index of raw materials

In July, the production index was 49.98, which slowed down compared with the previous month. At present, it is in the superposition of the traditional off-season and post epidemic situation in the industry, and the market is weakening. Some enterprises begin to limit production or stop production because of the difficulty in capital turnover or in order to avoid risks. Most enterprises basically maintain the original production rhythm. According to the results of the questionnaire of China Cotton Association, 21.12% of the enterprises increased yarn output on a month on month basis, and 25.9% enterprises decreased month on month; The proportion of enterprises whose cloth output rose on a month on month basis accounted for 22.82%, while those with a decline accounted for 36.91%. Compared with June, the proportion of enterprises whose grey cloth output decreased on a month on month basis increased significantly, and yarn production basically maintained the level of last month.

In July, the product sales index was 48.64, which was still in the recession level. This month, the price of gauze products plummeted, conventional varieties of products are more price competition, profit is meager. Downstream procurement is mostly small single, grey cloth sales resistance is greater than yarn. Due to the continuous rise in raw cotton prices this month, some textile enterprises are forced by cost pressure to tentatively increase prices, but the actual single price has not changed significantly. According to the understanding of the China Cotton Association, this month, the production and sales rates of textile enterprises in different regions are quite different, and the sales situation in the regions mainly for domestic sales should be better. Overall, the production and sales rate is around 80%, in which yarn sales are better than gray cloth sales. A combed spinning enterprise said that the production and sales rate in July was about 80%, but the profit was not optimistic. From the perspective of sales market, the domestic market is still the main market, and most orders have changed to the mode of "small batch and multi batch". Foreign trade orders have recovered slightly, but the competition is fierce; In terms of product types, the sales of medium and low count yarn are better than that of high count yarn, and the sales of blended yarn are better than that of pure cotton yarn.

Product inventory index

Business operation index

In July, the enterprise confidence index was 47.42, slightly better than the previous month. Some textile enterprises said that the current market recovery rate is not as fast as expected. August is at the transition point of textile light and peak season. According to past experience, there will be a wave of inquiry and proofing fever. However, this year's situation is relatively special, and it is expected that the actual number of orders may not change much. According to the questionnaire survey of China Cotton Association, 13.26% of the enterprises expect the market to recover, 47.67% of the enterprises expect the market to maintain the status quo, and 39.07% of the enterprises predict that the market will continue to weaken, indicating that most of the enterprises surveyed think that the future trend is not optimistic.

Note: the prosperity index of China's cotton textile industry is collected from nearly 500 secondary cotton textile enterprises in China. Referring to the establishment methods of national manufacturing PMI and other indexes, it is concluded that when the index is higher than 50, it means that the prosperity degree of cotton textile industry in this month is better than that of last month; if it is lower than 50, it means that the prosperity degree of this month is lower than that of last month.