Prosperity Report Of China'S Cotton Textile Industry In March 2021

In the first quarter, China's economic operation continued to recover steadily and its development vitality was continuously enhanced, which injected strong impetus into the global economic recovery. In the first quarter, China's cotton textile boom index averaged 50.41, up 2.51 year-on-year. It can be seen that the recovery momentum of the industry continues to be stable.

In March, China's cotton textile boom index was 52.46, with an obvious rebound. From the sub index point of view, except that the enterprise confidence index decreased compared with February, the raw material purchasing index, raw material inventory index, production index, product sales index, product inventory index and enterprise operation index increased compared with February, especially the production index increased by 10.21.

Raw material purchasing index

In March, the raw material purchasing index was 54.12. From the perspective of market price, under the influence of the rebound of international epidemic situation, the excessively loose economic policies of Europe and the United States, and the tense trade relations between China and the United States, cotton prices at home and abroad showed a downward trend. In the same month, the average cotook a index was 91.45 cents / pound, down 1.31 cents / pound month on month. The average price of 3128 grade cotton was 15972 yuan / ton, up 17 yuan / ton month on month. In terms of chemical fiber staple fiber, viscose staple fiber price remained high in the first ten days of the year, slightly decreased in the last ten days, and the overall price of polyester staple fiber showed a slight downward trend. Specific data, the average price of mainstream viscose fiber was 15589 yuan / ton, up 1149 yuan / ton month on month; The short average price of 1.4d direct spinning polyester was 7258 yuan / ton, up 162 yuan / ton month on month. From the purchasing situation of cotton spinning enterprises, 49.3% of the cotton purchasing volume increased on a month on month basis, which was 29% higher than that of the declining enterprises; 41%, higher than 20. 2 percentage points of decline.

Stock index of raw materials

In March, the raw material inventory index was 50.19, up 0.02 from February. In the same month, Xinjiang cotton export freight decreased compared with the last ten days of February. Some textile enterprises just needed to replenish the warehouse and increase the cotton inventory, and the volume of cotton enterprises' automobile transportation increased. As the price of raw materials fluctuates greatly, except for viscose staple fiber, the prices of other main raw materials for cotton textile are on a downward trend. In addition, some enterprises are not optimistic about the future market, so the wait-and-see mood is heavy, and the enthusiasm for replenishing the warehouse is lower than before the spring Festival. According to the survey data of China Cotton Textile Industry Association (hereinafter referred to as "China Cotton Association"), in March, the proportion of enterprises with cotton inventory increasing on a month on month basis was 39.28%, and that of enterprises with a month on month decrease was 38.36%; The proportion of non cotton fiber inventory increased by 38.49%, and decreased by 35.63%.

Production index

In March, the production index was 54.61, up 10.2 from February. In the same month, the enterprise's orders were sufficient and the production was basically full load. According to the survey, the start-up situation of spinning enterprises is slightly better than that of weaving enterprises. Except for a few enterprises which have stopped production due to equipment upgrading and transformation, the opening rate of spinning equipment in most enterprises is basically 100%, and that of weaving enterprises is above 90%. In terms of output, the number of production days increased in March, and the output of yarn and cloth increased significantly compared with that in February. According to the survey data, in March, 31.44% of the enterprises had a month on month increase in starting rate, 71.31% in yarn output and 70.33% in cloth output.

Product sales index

In March, the product sales index was 53.14. From the market price point of view, after the cotton yarn price rose to the highest point in the first ten days of March, it began to fall under the influence of the price of upstream raw materials. The price of grey cloth remained stable in the first ten days of March, and decreased slightly in the last ten days, but the overall average price was still higher than that in February. According to the specific data, the monthly average price of 32 cotton combed yarn was 25251 yuan / ton, with a month on month increase of 715 yuan / ton, and the monthly average price of pure cotton grey fabric (32 * 32 130 * 702 / 147 "twill) was 6.06 yuan / ton, with a month on month increase of 0.46 yuan / m. From the order situation, according to the investigation, the orders of spinning enterprises can be arranged to April to may, and the orders of weaving enterprises are about one month. According to the survey data, 70.38% of the enterprises saw an increase in yarn sales and 68.33% in cloth sales.

Product inventory index

In March, the product inventory index was 50.76, up 1.46 from February. In March, the logistics returned to normal, the market purchase and sales were smooth, and the product inventory of textile enterprises decreased compared with February. According to the survey, the product inventory of spinning enterprises is low, most of them are in zero inventory or low inventory state. The enterprises producing high count yarn reflect that the demand of downstream home textile market is strong and the supply is in short supply; Weaving enterprises reflected that the product inventory decreased compared with the beginning of the year, but with the gradual decrease of market orders, the product inventory began to increase in late March. According to the coordination data of China Cotton bank, in March, 42.91% of the enterprises indicated that the inventory of yarn warehouse decreased on a month on month basis, and the proportion of enterprises that indicated that the stock of cloth warehouse decreased on a month on month basis was 45.44%.

Business operation index

In March, the enterprise operation index was 51.97, up 6.88 from February. In the same month, driven by the rise of gauze price and the increase of product sales, the main business income of cotton textile enterprises increased significantly. According to the survey data, the proportion of enterprises whose main business income increased month on month was 65.21%. Although the price of gauze rose with the price of raw materials after the Spring Festival, the increase was lower than the price of raw materials. With the weakening of downstream demand in the last ten days of the year, the wait-and-see sentiment increased and price depressions occurred frequently. Enterprises said that the profit space was limited. According to the data, 46.17% of the total profits decreased month on month in March, which was 8.8% higher than that of the rising enterprises.

Enterprise confidence index

In March, the enterprise confidence index was 48.71, down 6.53 from February. In the same month, the overseas epidemic situation rebounded again, the market anxiety increased, the European and American quantitative easing policy triggered the global financial market instability increased significantly, Sino US trade relations continued to tense, especially in the second half of the year, enterprises said there was greater uncertainty. On the domestic side, although the national economy started well in the first quarter, the foundation for economic recovery was not firm, and some new situations and problems appeared in the process of opening up the domestic demand market. On the whole, enterprises' confidence in the future market is weaker than that in February. According to the survey data, in March, 23.68% of the enterprises thought the future market was optimistic and good, and 36.55% 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.