Business Report Of China'S Cotton Textile Industry In June 2021

In the first half of the year, China's economy continued to recover steadily, the market participants expected to be better, the main macro indicators were in a reasonable range, and the economic development showed a trend of strengthening in stability and improving in stability. In the first half of the year, the average prosperity index of China's cotton textile industry was 50.27, up 2.43 from last year. It can be seen that with the continuous consolidation of epidemic prevention and control in China and the precise implementation of macro policies, China's cotton textile industry has actively practiced the new development pattern, actively adjusted and actively sought for changes, and maintained a stable and positive operation trend.

In June, China's cotton textile boom index was 49.96, down 1.28 from May, slightly lower than the Kuo Rong line. From the sub index point of view, raw material purchasing index, product sales index and enterprise confidence index increased month on month, while raw material inventory index, production index, product inventory index and enterprise operation index decreased compared with May.

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Raw material purchasing index

In June, the raw material purchasing index was 51.86, up 1.43 from May. From the perspective of market price, affected by the bulk commodity market, the international cotton futures and spot prices generally rose, while the domestic cotton prices remained up in the first ten days and fluctuated in the second ten days. In the same month, the average cotook a index was 94.5 cents / pound, up 3.61 cents / pound month on month. The average price of 3128 grade cotton was 16255 yuan / ton, up 139 yuan / ton month on month; In terms of chemical fiber staple fiber, viscose staple fiber remained stable in June after price reduction in late May, while polyester staple fiber was on the rise as a whole. The average price of mainstream viscose fiber in that month was 12767 yuan / ton, down 956 yuan / ton month on month; The short average price of 1.4d direct spinning polyester was 6847 yuan / ton, up 50 yuan / ton month on month. From the purchasing situation of cotton spinning enterprises, cotton purchasing situation is slightly better than non cotton fiber. Among them, cotton purchasing index is 54.1, non cotton fiber purchasing index is 50.4.

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Stock index of raw materials

In June, the raw material inventory index was 48.48, which was 0.25 lower than that in May. Affected by the epidemic situation in Southeast Asia, there are relatively more orders in the early stage of the market, and the enterprises start to operate well, and the consumption of raw materials is fast. According to the survey data of China Cotton Textile Industry Association (hereinafter referred to as "China Cotton Association"), in June, 42.82% of the enterprises whose cotton inventory decreased on a month on month basis, which was 14.47% higher than that of the rising enterprises; The proportion of enterprises whose non cotton fiber inventory decreased month on month was 42.83%, which was 15.91 percentage points higher than that of rising enterprises.

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Production index

In June, the production index was 49.15, down 2.92 from May. According to the survey, large-scale enterprises have maintained a high level of start-up and full load production, while small and medium-sized enterprises have slightly decreased their startup, and the output of products has decreased compared with that in May. Due to the high number of small enterprises participating in the survey, the production index dropped. According to the survey data, 34.37% of the enterprises whose yarn output decreased on a month on month basis, 3.98 percentage points higher than that of the rising enterprises, 41.44% of the enterprises with cloth output decreasing, 12.32% higher than those of the rising enterprises, and 19.3% of the enterprises with the decline of the start-up rate, which was 9.42% higher than that of the rising enterprises.

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Product sales index

In June, the product sales index was 50.62, higher than the Kuo Rong line, but decreased by 2.37 compared with the may index. From the perspective of market price, cotton yarn price rose at the end of May and remained stable in June; In the first ten days of the middle of the year, the price of grey cloth was weak, and remained stable in the last ten days. According to the specific data, the monthly average price of 32 pure cotton combed yarn was 25250 yuan / ton, with a month on month increase of 125 yuan / ton or 0.5%. The monthly average price of pure cotton grey fabric (32 * 32 130 * 70 2 / 1 47 "twill) was 5.98 yuan / ton, up 0.01 yuan / m or 0.17% month on month. In terms of sales, yarn sales are better than cloth. According to the survey data, the proportion of enterprises whose yarn sales volume decreased month on month was 35.09%, 1.86 percentage points higher than that of rising enterprises, 51.99% of which were lower than those of rising enterprises, 19.42 percentage points higher than those of rising enterprises. It can be seen that the rise of product sales index is mainly driven by the rise of gauze price.

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Product inventory index

In June, the product inventory index was 49.77, down 1.96 from May. According to the survey, the cotton yarn shipment in that month was better than that of grey cloth. In terms of varieties, the goods of blended products were higher than those of pure cotton products and purified fiber products, and the inventory of investigation enterprises basically maintained for about one month. According to the survey data, 36.34% of the enterprises whose yarn stock decreased on a month on month basis, 4% higher than that of the rising enterprises, and 32.5% of the enterprises decreased in the stock of the cloth warehouse, which was 11.84% lower than that of the rising enterprises.

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Business operation index

In June, the enterprise operation index was 49.34, down 1.32 compared with the index in May. The main business income index was 50.38, down 1.31 from May, and the total profit index was 48.3, down 1.33 compared with May. In June, the price of gauze rose slightly, and the main business income of enterprises increased slightly. According to the survey data, 39.46% of the enterprises whose main business income increased on a month on month basis, which was 3.84 percentage points higher than that of the declining enterprises. Due to the slow price transmission and low acceptance of downstream market, the profit of cotton textile industry is under pressure. According to the survey data, 47.33% of the total profits decreased month on month, which was 16.95% higher than that of the rising enterprises.

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Enterprise confidence index

In June, the enterprise confidence index was 52.2, up 0.85 from May. Enterprises said that with the gradual promotion of vaccines and the large-scale economic stimulus plan of the United States, the global economic recovery has accelerated, and there is a positive driving force in the long run. On the domestic side, the economy has been recovering steadily and steadily and showing a good trend. From the industry point of view, cotton textile enterprises' orders are basically sufficient, running well, not affected by the off-season. The rotation of reserved cotton increases the supply of high-quality cotton in the market, which is basically optimistic for the future market. According to the survey data, 36.59% of the enterprises think that the future market is optimistic and good, and 14.63% think that the future market is weak.

　　 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.

(source: China Cotton Association)

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