China Cotton Industry Association: Latest Survey Of Cotton Textile Market

The "new ten articles" on domestic epidemic prevention and control were announced, and prevention and control measures were further optimized in many places to gradually restore production and living order. In order to track the operation of cotton textile enterprises in a timely manner and understand the changes in the cotton textile market, the China Cotton Textile Industry Association recently conducted a major survey of the major cotton textile related markets in China.

In terms of raw material market, affected by the weather, the progress of Xinjiang seed cotton purchase and processing slowed down. With the adjustment of domestic epidemic prevention and control policies, the market is expected to turn warmer, the cotton futures price has rebounded, and the spot price has risen slightly steadily. The price of Xinjiang "Double 28" machine picked cotton picking is about 13800 yuan/ton, and cotton textile enterprises' cotton stocks continue to remain low, with few purchases. At present, the downstream market is still not optimistic. Some textile enterprises are preparing for holidays, and the support for rising cotton prices is still insufficient.

Jiangxi viscose staple fiber market is relatively calm, the price remains stable, and the transaction price is still about 13000 yuan/ton. The downstream viscose staple yarn market continues the weak pattern, and the wait-and-see atmosphere is still strong, waiting for the promotion or price adjustment of the viscose manufacturer. The purchase is mainly based on rigid demand. Some manufacturers have been clearing inventory to recover funds, and some manufacturers have started holidays in advance. It is expected that the scope of holidays will be expanded later.

The transaction price of Jiangsu polyester staple fiber continued to fall back, currently at 6800 yuan/ton. At present, the logistics in Jiangsu is smooth, and the production load of enterprises is about 85%. The processing space of staple fiber is limited, and the enterprise reflects that it is still in the state of de stocking due to serious losses and sluggish sales. For the recent price decline of staple fiber, the downstream will wait and see. When textile enterprises just need to purchase, they will negotiate on a preferential basis for the transaction of staple fiber. Short distance delivery is considered.

In terms of yarn market, the production of Jiangsu vortex spinning enterprises is normal, and the yarn sales are still in a loss state. The enterprise is not optimistic about the market situation before the year. It is expected that the consumer end will recover over a long period of time, and the domestic and foreign market is not optimistic. The Jiangsu yarn market has maintained a weak demand trend recently. Christmas and the Spring Festival are coming, but the order increment of the two festivals is not obvious, and it is still dominated by inquiries. The actual turnover is low, and the enterprise yarn inventory increases. Due to the lack of market stamina, there is still a lack of large orders, which is expected to continue until March next year. The Peixian viscose yarn market has not shown obvious performance yet, and some transactions have improved. The price of ring spinning R30S is basically 16300-16700 yuan/ton. The purchase and sale of grey cloth in the downstream market is general, and partial shipments have slightly improved. The price is preferential depending on the quantity. There are many news about the low price of upstream viscose staple fiber raw materials, and the market inquiry has increased, waiting for the new price to land.

Shandong differential yarn enterprises started at full capacity, but the market was light, and some downstream customers were ready to take a holiday. Recently, only a small number of spot transactions were made, and there was a lack of large and long orders. Product prices and inventories remained relatively stable. The loosening of prevention and control policies has boosted the industry slightly, but the recovery of domestic consumer confidence and the weakening of foreign inflation on consumption still have a serious impact on the development of the industry, and enterprises are still not optimistic about the later development.

The opening rate of Henan pure cotton yarn enterprises has increased, and the product price has remained stable. Although the downstream orders have not increased significantly, the prices of some pure cotton yarn varieties have increased. With the successive replenishment of downstream products, orders are expected to improve around the Spring Festival, but the price is uncertain.

Fujian non cotton yarn prices continued to weaken, and market sentiment remained unchanged. From the perspective of production, the level of enterprise start-up rate is not high and has not improved, and the operating pressure is high. At present, enterprises focus on ensuring the continuous capital chain. It is expected that the completion of this year's revenue plan will be difficult. Some enterprises said that they will continue to release New Year's Day and Spring Festival holidays. With the subsequent adjustment of epidemic prevention policies, all regions have increased their determination to promote economic development, and the situation may improve next year.

The resumption of production of Xinjiang pure cotton yarn was smooth, and the equipment operated 100% normally. Driven by the positive news such as the increase of cotton futures prices and the optimization of epidemic prevention and control measures, downstream customers' psychological expectations have further improved, market confidence has recovered, and cotton yarn sales have shown a good development trend. Some varieties have large orders, but the sales prices are generally low. As the Spring Festival approaches, some downstream customers have a demand for goods preparation, but the orders of end customers have not increased substantially. At present, the sales situation has temporarily improved, but later, the sales of enterprises still face pressure.

In terms of the fabric market, the opening rate of Jiangsu grey fabric enterprises is more than 90%, basically the same as last month. With the optimization of epidemic prevention and control policies in various regions, the supply of spot resources in the cotton market is gradually sufficient, and the price of conventional yarns is still in a downward channel due to lack of support. The downstream market is still depressed, the inquiry of grey cloth orders is reduced, the transaction is low, and the price of conventional varieties is further reduced. The overall order demand of first-line brands is still not strong, and the subsequent market trend is cautiously optimistic.

The inquiry and shipment of Lanxi grey fabric in the downstream market increased significantly, but the overall price was low. Considering that it is close to the end of the year, customers are relatively cautious in placing orders, and the boot rate has not significantly improved. The recovery of the market needs a process to be cautious and optimistic.

Jiangsu yarn dyed fabric: the overall market purchase and sales are slow, the inquiry of export orders has increased compared with the previous period, the total number of orders is relatively weak, and the startup rate is basically stable. Near the end of the year, some enterprises were cautious in purchasing, with a small amount of goods in stock, and most of them mainly relied on capital withdrawal. With the liberalization of epidemic prevention and control policies, enterprises have some expectations for the future market.

The market atmosphere of pure cotton cloth in Hubei has not been significantly improved. The downstream orders are cautious, and the product price competition is fierce. At present, the number of orders is small, and the orders in the early stage of production and conventional varieties are the main ones. The opening rate is maintained at about 50%, and raw materials are purchased as soon as they are used to minimize the financial pressure.