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China Cotton Textile Industry Prosperity Report Released In October

2022/12/6 15:16:00 0

　　 In October, the international environment became more complex and severe, and the risks of world economic downturn increased. The pressure of epidemic prevention and control in China is great. The relevant departments have strengthened efforts to implement various measures to stabilize the economy and actively release the policy effectiveness. The national economy has generally continued to recover. From the industry point of view, raw material end prices remain weak, enterprise procurement slows down, affected by the epidemic, enterprises start to decline. As the terminal market sales slowed down, fabric inventory began to increase, enterprises expect "double 11" can bring a wave of market.

　　 In October, China's cotton textile boom index was 47.34, down 2.38 from September, and the industry's prosperity fell. From the sub index point of view, the seven sub indexes that constitute China's cotton textile prosperity index are all lower than that in September, among which the product inventory index continues to be above the dry and prosperous line, and the other indexes are all below the dry prosperity line.

　　 ? raw material purchasing index

　　 In October, the raw material purchasing index was 47.35, down 2.22 from September. From the perspective of market price, due to the delay of domestic new cotton listing, the downstream demand has not improved, and the domestic cotton price is in a weak position; In terms of chemical fiber and staple fiber, the price of polyester staple fiber rose slightly after the National Day festival, and then fell back. The price fluctuation of viscose market was obvious, showing an adjustment trend. According to the specific data, the monthly average price of domestic 3128 cotton spot was 15163 yuan / ton, down 204 yuan / ton on a month on month basis, with a decrease rate of 1.32%; The average short month price of 1.4d direct spinning polyester was 7829 yuan / ton, up 93 yuan / ton or 1.2% month on month; The average monthly price of mainstream viscose fiber was 13456 yuan / ton, with a decrease of 522 yuan / ton, or 3.73%. From the perspective of procurement volume, affected by the epidemic situation, Xinjiang cotton picking progress is slow, new cotton spot supply is tight, and the upstream and downstream market downturn, cotton textile enterprises do not purchase much. The purchase of chemical fiber staple fiber is mainly based on rigid demand, and the order is relatively cautious.

　　 ? raw material inventory index

　　 In October, the raw material inventory index was 47.37, down 1.46 from September. In the same month, the price of raw materials fluctuated slightly. In terms of cotton, due to the impact of the epidemic situation, Xinjiang's cotton transportation volume decreased and freight increased. Cotton textile enterprises purchased cotton from the mainland as a substitute, and the amount of replenishment was not large. Some enterprises suggested to put in reserve cotton to meet the cotton production needs of cotton spinning enterprises; In terms of chemical fiber staple fiber, due to the downward price adjustment of viscose staple fiber, cotton spinning enterprises are more cautious in purchasing, while polyester staple fiber is purchased on demand, and the inventory is maintained at a low level. From the sub index, cotton inventory index 47.38, down 0.95 from September; Non cotton fiber inventory index was 47.36, down 2.07 from September.

　　 ? production index

　　 In October, the production index was 47.65, down 4.02 from September. In the same month, the overall operating rate of the industry declined, mainly due to two reasons: first, some enterprises implemented static management due to the need of epidemic prevention and control; Second, the market as a whole is relatively low, orders have not improved, some enterprises reduce the equipment utilization rate to maintain operation, especially the textile mill operating rate. The equipment opening rate index of cotton textile enterprises in the month was 47.13, down 4.21 from September. In terms of yield, yarn output index was 48.43, decreased by 4.06 compared with September, cloth output index was 47.80, decreased by 3.56 compared with September.

　　 ? product sales index

　　 In October, the product sales index was 46.38, down 2.09 from September. From the market price point of view, gauze trading atmosphere is light, prices continue to weaken. In the same month, the average monthly price of 32 Cotton Combed Yarns was 23084 yuan / ton, with a decrease of 634 yuan / ton on a month on month basis, with a decrease rate of 2,63%, Pure cotton grey cloth (32 * 32 130 * 70 2 / 1 47 "twill) The average monthly price was 4.82 yuan / m, down 0.18 yuan / m on a month on month basis, with a decrease rate of 3.6%. From the perspective of market sales, the demand in the downstream market is weak, and the logistics in some regions is limited or the freight is rising. The purchase and sale of gauze is still mainly cautious and wait-and-see, and the volume of gauze delivery has decreased compared with the previous period. In October, the sales index of yarn and cloth were 48.44 and 46.86, respectively, down 4.01 and 3.93 compared with September.

　　 ? product inventory index

　　 In October, the product inventory index was 50.24, down 1.4 from September, which was above the Kuo Rong line and in the expansion range. In the same month, the inventory situation of spinning mill products was relatively good, maintaining a low level. Due to the continuous downturn of orders, the product inventory of the textile factory was increasing. From the sub index of product inventory index, the stock index of yarn warehouse was 50.95, down 0.85 from September, and continued to be above the Kuo Rong line; The stock index of buku was 49.17, down 2.24 from September, which was below the Kuo Rongxian line. ?

　　 ? business operation index

　　 In October, the enterprise operating index was 47.27, down 1.45 from September. In the same month, the price of raw materials went down, terminal consumption was sluggish, foreign trade orders continued to decline, the market of cotton fabrics such as textiles and clothing was weak, and the peak season effect of "silver 10" was not obvious. Enterprises mainly produced fixed customer products, with slow capital return and high operating pressure. Some enterprises take reducing losses and ensuring cash flow as their main business strategies. In October, the main business income index was 47.45, down 1.99 from September; The total profit index was 47.08, down 0.92 from September.

　　 ? enterprise confidence index

　　 In October, the enterprise confidence index was 44.67, down 1.97 from September. In the context of high interest rates, high inflation and the conflict between Russia and Ukraine, the global economy is facing severe challenges and consumption capacity is declining. According to the data of the General Administration of customs, in October, China's textile and clothing exports showed a year-on-year and month on month decline, of which clothing exports declined significantly, with a year-on-year decrease of 17%. According to the data of the National Bureau of statistics, the total retail sales of consumer goods in October decreased by 0.5% year-on-year, of which clothing, shoes and hats, and needle textiles decreased by 7.5% year-on-year. In the face of weak domestic and foreign demand, inflation and so on, enterprises have limited confidence in the future market, and hold a cautious attitude.

　　 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 Textile Industry Association ）