Pay Attention To The Inventory Survey Report Of China'S Cotton Industry In May 2021

1、 At the beginning of May, the national cotton industry inventory usage days were about 44.2 days

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According to the sampling survey conducted by the national cotton market monitoring system, as of the beginning of May, the average cotton inventory days of the sampled enterprises were about 44.2 days (including the quantity of imported cotton), with a month on month increase of 1.9 days and a year-on-year increase of 8.5 days. It is estimated that the National Cotton Industrial inventory is about 1.04 million tons, with a 4.5% increase on a month on month basis and a 44.0% increase over the same period of last year (as shown in Table 1 and figure 1). The inventory status of cotton industry in the main provinces of China is different, and the days of cotton industry inventory discount in Fujian, Shaanxi and Hebei are relatively large.

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2、 The willingness to purchase raw materials increased month on month

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According to the survey of purchasing intention, at the beginning of May, 69.6% of the enterprises were ready to purchase cotton, with a month on month increase of 11.7% and a year-on-year increase of 19.6%; 26.1% of the respondents held a wait-and-see attitude, with a decrease of 5.5 percentage points on a month on month basis and a decrease of 12.4 percentage points on a year-on-year basis; Enterprises that do not plan to purchase cotton accounted for 4.3%, a decrease of 6.2 percentage points on a month on month basis, and a decrease of 7.2 percentage points on a year-on-year basis.

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At the beginning of May, 97.1% of the sampling enterprises planned to stabilize the cotton blending ratio, decreasing by 1.2 percentage points month on month and increasing by 9.9 percentage points year on year; 1.5% of the enterprises intend to increase the cotton blending ratio, increasing by 1.5% month on month, and decreasing by 3.7% year on year; 1.5% of the enterprises intend to reduce the cotton blending ratio by 0.3% on a month on month basis and 6.2% on a year-on-year basis.

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3、 The capital turnover of enterprises is less than that of last month ? Employment situation improved

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According to the capital turnover survey, at the beginning of May, 51.4% of the enterprises had good capital turnover, with a decrease of 0.3% on a month on month basis, and an increase of 5.3% on a year-on-year basis; 38.6% had poor capital turnover, with a 4.1% increase on a month on month basis and a 0.1% increase on a year-on-year basis; Serious lack of funds accounted for 10%, a decrease of 3.8 percentage points on a month on month basis and a decrease of 5.4 percentage points on a year-on-year basis.

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At the beginning of May, 65.7% of the sample enterprises had normal employment situation, which increased by 6.4% month on month and 0.3% on year; 27.1% of the enterprises had poor employment situation, with a decrease of 5.1 percentage points on a month on month basis and a decrease of 2.3 percentage points on a year-on-year basis; 7.1% of the enterprises were seriously short of workers, a decrease of 1.3% on a month on month basis, and an increase of 2.0% over the same period of last year.

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4、 The operating rate of enterprises increased slightly month on month

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In early May, the start-up rate of enterprises surveyed was 93.6%, an increase of 1.5 percentage points month on month.

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5、 The production and sales rate of yarn and cloth decreased month on month ? Product inventory reduction

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The yarn production and sales rate was 96.5%, with a month on month decrease of 0.4 percentage points, a year-on-year increase of 11.3 percentage points, and a decrease of 2.2 percentage points compared with the average level of the same period in recent three years; The inventory sales volume was 11.5 days, 1.8 days less than the month on month, 18.5 days lower than the same period last year, and 5.1 days lower than the average level of the same period in recent three years (as shown in Figures 7 and 8). The production and marketing rate of cloth was 85.4%, which was 4.1 percentage points lower than that of the same period, and increased by 2.0 percentage points on a year-on-year basis, which was 13.1 percentage points lower than the average level of the same period in recent three years; Inventory was 37.7 days, sales volume increased by 2.1 days month on month, decreased by 11.1 days on year, and increased by 1.3 days compared with the average level of the same period in recent three years.

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