Data Analysis Of China'S Cotton Textile Industry Prosperity Report In January 2021

2021 is the first year of the "14th five year plan" and a year of special importance in the process of China's modernization. In January, a series of local clustering epidemics occurred in many places in China, and the production and operation of some enterprises were temporarily affected. With the active response, scientific prevention and control and precise implementation of policies by local governments and relevant departments, the epidemic prevention and control achieved remarkable results, and the economic and social development recovered steadily. Overall, the prosperity of China's cotton textile industry continues to maintain in the expansion range.

In January, the prosperity index of China's cotton textile industry was 50.80. In terms of raw materials, market price increases expanded. On the eve of the Spring Festival, enterprises continued to increase the inventory of raw materials, and the purchase of raw materials increased. In terms of production, sales and storage, enterprises began to arrange holidays one after another, and production slowed down. The orders of spinning mills are good, which can be arranged to April to may, and the market price is firm; the orders of textile mills are mainly for domestic sales, and the orders can last for 1-2 months, mainly in small batch and multi varieties. Near the Spring Festival, logistics is hindered, the overall sales volume of enterprises decreased slightly, and the product inventory increased slightly.

Raw material purchasing index

In January, the raw material purchasing index was 55.77. From the price point of view, the cotook a index rose first and then decreased in January, with a large fluctuation range; in the domestic aspect, the domestic cotton price continued to rise in the first ten days, and in the second ten days, with the emergence of clustering epidemic situation in many places in China, the superposition of textile enterprises' replenishment of warehouses was coming to an end, and the domestic cotton prices fell somewhat; In terms of chemical fiber and staple fiber, the price of viscose staple fiber increased significantly in the same month, with an accumulated increase of more than 2000 yuan / ton. The price of polyester staple fiber showed an upward trend in the first ten days of the year, and began to decline in the last ten days. From the purchasing situation of cotton spinning enterprises, 58.21% of the cotton purchasing volume rose on a month on month basis, and 53.73% of the non cotton fiber purchasing volume rose on a month on month basis.

For specific price data, the average cotook a index in January was 87.24 cents / pound, up 6.22 cents / pound on a month on month basis. The average price of domestic 3128 grade cotton was 15388 yuan / ton, up 499 yuan / ton on a month on month basis; the average price of mainstream viscose fiber was 12787 yuan / ton, up 2119 yuan / ton; the average price of 1.4d direct spinning polyester was 6261 yuan / ton, up 533 yuan / ton on a month on month basis.

Stock index of raw materials

In January, the raw material inventory index was 53.11. In the same month, the price of raw materials continued to rise, and the increase expanded. Due to the government's advocacy of local new year's day, some enterprises start work normally during the Spring Festival. In order to ensure production, they increase the inventory of raw materials. According to the survey data of China Cotton Textile Industry Association (hereinafter referred to as "China Cotton Industry Association"), in January, the proportion of enterprises with cotton inventory increasing on a month on month basis was 56.38%, and that of enterprises with a month on month decrease was 27.27%; the proportion of enterprises with non cotton fiber inventory increasing on a month on month basis was 57.21%, and that of enterprises with a decrease in non cotton fiber inventory was 24.04%. In January, the price of viscose staple fiber rose sharply, cotton spinning enterprises increased the purchase volume, and the non cotton fiber inventory increased by a higher rate.

Production index

In January, the production index was 48.48. According to the survey conducted by the China Cotton Association, in the first ten days of January, most enterprises started operation at full capacity, and the equipment opening rate basically maintained 100%. In late January, near the Spring Festival, local employees are the main employees in the factory, and the holidays are basically arranged according to the Convention of previous years. Although there are more migrant workers in the factory, some employees still choose to return home. In addition, upstream and downstream markets gradually clarify the holiday time, textile enterprises have arranged employees to go home in advance, gradually reduce the opening of the platform, and the operating rate and gauze output in January are uniform Compared with the decline. According to the coordination data of China Cotton bank, in January, 41.48% of the enterprises saw a decline in yarn output, 49.82% in cloth output and 28.67% in start-up rate.

Product sales index

In January, the product sales index was 52.72. In the same month, the orders of yarn factories are good, the orders of conventional pure cotton yarn can be arranged to March, and the orders of some non cotton yarn enterprises can be arranged to April to May; in terms of grey fabric, the domestic sales orders are generally better than the export orders, the orders of pure cotton fabrics can be arranged to the beginning of March, the orders of color woven fabrics can basically last for one month, and the orders of denim can be arranged for about 45 days. However, due to the impact of the Spring Festival holiday, domestic logistics is limited and the transportation in many places is basically stagnant. Therefore, the overall sales of yarn and cloth in January decreased compared with the previous month. From the market price point of view, yarn and cloth prices continue to rise, and the increase has been expanded. The specific data shows that the average price of 32 cotton combed yarn is 23880 yuan / ton, with an increase of 1771 yuan / ton on a month on month basis, and the average price of pure cotton grey fabric (32 * 32 130 * 702 / 1 47 twill) is 5.38 yuan / ton, with an increase of 0.29 yuan / m on a month on month basis. On the whole, although the sales of yarn and cloth decreased in January, the sales price rose higher driven by the rise of raw material price, which led to the rise of product sales index.

Product inventory index

In January, the product inventory index was 49.67.at the end of January, downstream traders continued to have holidays, and logistics began to be limited. From the perspective of the coordination and research of China cotton company, the logistics of yarn basically maintained normal, and the delivery of grey cloth end stopped in succession, and the enterprise inventory increased compared with the previous month. According to the coordination data of China Cotton bank, in January, the proportion of enterprises that indicated that the stock of yarn storage decreased was higher than that of enterprises which increased, while the proportion of enterprises that indicated that the stock of cloth warehouse increased was higher than that of enterprises with decline. Specifically, 44.94% of the enterprises whose yarn stock decreased on a month on month basis, and 34.74% on a month on month basis; 27.11% and 50.64% respectively.

Business operation index

In January, the enterprise operating index was 47.57. In the same month, driven by the price rise of cotton and chemical fiber staple fiber in the upstream, the sales price of yarn and cloth increased synchronously, and the increase of each yarn count exceeded 1000 yuan / ton. The enterprises said that due to the large price increase, there was no large amount of purchasing in the downstream, and the main business income of the enterprise decreased month on month; in terms of profit, most enterprises said that they were in the state of breakeven operation or low profit, while a few enterprises said that their profits had increased compared with the previous period. According to the coordination data of China Cotton bank, in January, the proportion of enterprises whose main business income increased month on month was 24.34%, and that of enterprises with month on month decrease was 56.09%; the proportion of enterprises with total profit increasing on a month on month basis was 32.02%, and that of enterprises with a month on month decrease was 48.88%.

Enterprise confidence index

In January, the enterprise confidence index was 54.73. Although there were clustering outbreaks in many places in China in the same month, the epidemic situation was effectively controlled under the scientific prevention and precise measures of government departments at all levels. Most enterprises said that the domestic market demand would be further released after the Spring Festival. In terms of export, with the continuous listing of vaccines, the continuous increase of production capacity, and the orderly promotion of overseas vaccination, the recovery progress of European and American markets may be accelerated, and enterprises have strong confidence in the future market. Some enterprises with more employees from other places are worried about the impact of the epidemic. The rate of workers coming to work will drop after the Spring Festival, which will have an impact on the production after the year. According to the data from the coordination survey of China Cotton bank, in January, 51.77% of the enterprises thought the future market was optimistic and good, and 4.5% thought that the future market was weak and downward.

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.