China Cotton Textile Industry Association Tracking Data Analysis Report Released

According to the tracking data of China Cotton Textile Industry Association, in October 2022, the market purchase and sales were not good, the domestic cotton futures and spot prices rose and fell, the cotton yarn and cotton cloth prices were still weak, and the equipment utilization rate decreased.

Enterprise

Compared with September, raw material purchase and inventory of cotton textile enterprises decreased in October, and consumption increased slightly; The output and sales volume of yarn and cloth decreased; Yarn inventory decreased, cloth inventory increased.

I. purchase and inventory of raw materials

(I) raw material procurement

In October, the raw material procurement of tracking enterprises decreased by 2.98% on a month on month basis, and the raw cotton procurement volume decreased by 8.05% on a month on month basis, of which the import cotton purchase volume increased by 4.52%; Non cotton fiber procurement increased by 5.9% month on month. In October, affected by the epidemic situation in Xinjiang, it was difficult to transport lint out of Xinjiang. In addition, the poor delivery of cotton yarn made textile enterprises purchase less cotton and purchase more non cotton fibers.

From the perspective of raw material price, the domestic cotton spot price rose and fell, the cotton price center continued to move downward, and the difference between domestic and foreign cotton prices was reduced to about 1500 yuan / ton. On October 31, 2022, the spot price of domestic cotton decreased by 745 yuan / ton, or 5%, compared with that on September 30, 2022. Zheng cotton fell by 1025 yuan / ton, or 7.6%.

On October 31, the main contract of Zheng cotton futures was 12485 yuan / ton, down 935 yuan / ton compared with September 30; The spot price of domestic standard cotton was 14260 yuan / ton, down 745 yuan / ton; The cotook a index was 89.5 cents / pound, down 17.2 cents / pound, 1% tariff price was 15790 yuan / ton, down 2796 yuan / ton. On October 31, the price of viscose staple fiber was 13100 yuan / ton, down 400 yuan / ton compared with September 30; The price of polyester staple fiber was 7550 yuan / ton, down 175 yuan / ton.

(2) raw material consumption and inventory

The tracking data shows that the raw cotton consumption of cotton textile enterprises increased by 0.52% month on month, of which raw cotton consumption decreased by 3.91% and non cotton fiber consumption increased by 8.53% month on month. As of the end of October, raw material inventory decreased by 6.32% month on month, and the cumulative decrease from January to October was 18.79% year-on-year. Among them, raw cotton inventory decreased by 6.92% month on month and 19.98% from January to October; Non cotton fiber inventory decreased by 4.69% month on month, and 15.46% from January to October. The growth of raw material consumption is mainly contributed by non cotton fiber. The market purchase and sale is slow, the textile enterprise confidence is insufficient, the raw material inventory overall control in the low level, some enterprises reduce the start-up to reduce cotton consumption.

2、 Product production

The tracking data show that the output of yarn decreased by 1.37% on a month on month basis, of which pure cotton yarn and cotton blended yarn decreased by 2.86% and 3.84% respectively, purified fiber yarn increased by 4.02%, and the cumulative year-on-year decrease from January to October was 5.40%; Cloth output decreased by 0.35% month on month, of which pure cotton cloth and pure fiber cloth decreased by 0.54% and 1.89%, cotton blended fabric increased by 0.56%, and the cumulative decrease from January to October was 2.34% year-on-year. Affected by the epidemic situation and the initiative of textile enterprises to reduce the start-up, the output of yarn and cloth decreased on a month on month basis. The increase of purified fiber yarn production is corresponding to the increase of non cotton fiber consumption.

By the end of October, the utilization rate of spinning equipment of tracking enterprises was 91.6%, which was flat on a month on month basis, with a year-on-year decrease of 3.13 percentage points; The utilization rate of weaving equipment was 89.02%, with a decrease of 1.88% on a month on month basis and 2.85% on a year-on-year basis. Among them, 77% of the enterprises whose utilization rate of spinning equipment is higher than 85%, with a month on month increase of 1 percentage point; The percentage of enterprises with weaving equipment utilization rate higher than 85% accounted for 67%, which decreased by 4 percentage points month on month.

3. Product sales and inventory

Tracking data show that in October, yarn sales decreased by 5.01%, cloth sales decreased by 2.61%, yarn inventory decreased by 1.8%, and cloth inventory increased by 3.17%. In October, the orders in the terminal market were lower than expected, and the downstream customers were mainly on the wait-and-see manner, and the purchasing stock was reduced, and the accumulation of stock was increased.

The prices of yarn and cloth continued to fall. On October 31, the price of 32 cotton combed yarn was 22710 yuan / ton, down 890 yuan / ton compared with September 30; The price of 30 pure viscose yarn was 17350 yuan / ton, down 100 yuan / ton; 32 pure polyester yarn price 11400 yuan / ton, down 150 yuan / ton; Cotton grey fabric 32 * 32 130 * 70 2 / 1 47 "twill 4.66 yuan / m, down 0.34 yuan / m.

Cluster

According to the follow-up survey of the cluster situation, the cluster production and operation in October were basically consistent with the industry, and the equipment utilization rate decreased.

1、 Equipment utilization

According to the tracking data, the number of start-up enterprises in the cluster decreased by 0.3% year-on-year in October, and the number of employees decreased by 8.6% year-on-year. Among them, the number of employees in Enterprises above designated size decreased by 10.5% year-on-year.

The average equipment utilization rate of cluster enterprises is about 76%, with a decrease of 2% on a month on month basis and 5.6% on a year-on-year basis, with 77% of Enterprises above the designated size.

Production capacity and output of yarn and cloth

The spinning capacity of tracking cluster decreased by 1.2% and weaving capacity increased by 3.8% year on year.

In terms of output, the total yarn output of cluster enterprises decreased by 4.8% from January to October, among which enterprises above the designated size decreased by 4.9% on a year-on-year basis; Cloth output increased by 4.4% year-on-year, and enterprises above designated size increased by 3.1% year-on-year.

3、 Post production plan

The market has entered the traditional off-season, consumption is low, and the increment of domestic sales orders is insufficient. Some enterprises feed back that the export orders are OK, but the overall number of orders in hand is less, and the phenomenon of price reduction in the downstream is more, which makes it difficult for enterprises to make profits. Recently, the comprehensive group of the joint prevention and control mechanism of the State Council has issued 20 measures to further optimize the work of epidemic prevention and control. With the effective implementation of these measures, it is conducive to maintaining the normal production and living order, the recovery of market demand and smooth economic circulation, and the domestic market is expected to be improved. The enterprise will continue to pay attention to the purchase cost of seed cotton, public inspection of new cotton and downstream consumption, and reasonably arrange the purchase and production of raw materials.

The data in this report are all from China Cotton Textile Industry Association, involving more than 260 cotton textile enterprises and about 15 industrial clusters in China. The total spinning capacity accounts for about 75% of the national cotton textile industry, which is representative of the industry.

(source: China Cotton Textile Industry Association)