January Cotton Textile Enterprises Survey Report: Raw Material Inventory Decline, Finished Goods Inventory Rise

Respondents: cotton textile enterprises in Xinjiang, Shandong, Hebei, Henan, Jiangsu, Zhejiang, Hubei, Anhui, Jiangxi, Shanxi, Shanxi, Shanxi and other provinces and autonomous regions.

In the first half of January, the first stage economic and trade agreement between China and the United States was signed, the market confidence was restored, and the textile market sales were smoother. According to the cotton warning system in China, more than 90 fixed-point textile enterprises in the country have shown that raw material inventory of textile enterprises has declined, textile production has decreased, yarn inventory has increased, and fabric storage has increased slightly.

1. The decline in textile production

In January, the output of textiles decreased compared with that of last month. According to the survey, yarn production decreased by 9.6% compared with the same period last year, down 3.4%, of which pure cotton yarn accounted for 68.6%, down 1.3 percentage points from last month, and blended yarn and chemical fiber yarn accounted for 31.4%, up 1.3 percentage points from the previous month.

Cloth output fell 10.3%, down 4.8% compared to the same period, of which pure cotton cloth accounted for 1.6 percentage points lower than last month. Yarn sales rate was 77.5%, down 2.1 percentage points from last month.

At present, the finished product inventory of spinning enterprises is 24.22 days, an increase of 0.66 days from last month. Finished product inventory for grey goods finished for 29.45 days, an increase of 0.25 days from last month.

Two, the price differentiation of cotton yarn inside and outside

The price of cotton yarn was larger than that of the previous year, and the price of imported pure cotton yarn was lower than the domestic price of 70 yuan / ton. According to the survey, the average price of 32 domestic pure cotton yarn in January was 20723 yuan / ton, down 23 yuan / ton, or 0.11%, down 2410 yuan / ton compared with the same period last year, or 10.42%; the average monthly price of imports of 32 pure cotton yarn was 20653 yuan / ton, up 54 yuan / ton from last month, or 0.26%, a decrease of 2227 yuan / ton compared with the same period last year.

Three, raw material inventory decline

Due to the close of the holiday, textile enterprises began to replenishment after the beginning of the month, and the volume of cotton market transactions gradually declined, and cotton inventories fell year-on-year. As of January 31st, textile enterprises had 726 thousand and 500 tons of cotton stocks, down 6 thousand tons from the end of last month, down 102 thousand and 400 tons compared with the same period last year. 38% of them reduced cotton stocks, 22% increased inventories, and 40% remained basically unchanged.

The proportion of imported cotton in textile enterprises increased with the proportion of Xinjiang cotton and inland cotton.

1. textile enterprises used Xinjiang cotton accounted for 89.82% of the total cotton consumption, an increase of 0.17 percentage points from the previous month, an increase of 10.85 percentage points from the same period last year, of which 5.86% of Xinjiang cotton was reserved and 94.14% of Xinjiang cotton accounted for this year.

2. the proportion of textile enterprises using real estate cotton is 2.62%, which is 0.16 percentage points higher than that of last month. Among them, reserve real estate cotton accounted for 7.56%, and real estate cotton accounted for 92.44% this year.

3. the proportion of imported cotton used by textile enterprises was 7.56%, a decrease of 0.33 percentage points from last month, a decrease of 0.94 percentage points over the same period last year.