Project commitment: Beijing Cotton Outlook Information […]
Project commitment: Beijing Cotton Outlook Information Consulting Co., Ltd.
Survey objects: cotton textile enterprises in Xinjiang, Shandong, Hebei, Henan, Jiangsu, Zhejiang, Hubei, Anhui, Jiangxi, Shanxi, Shaanxi, Hunan and other provinces and autonomous regions
In June, the cotton textile industry gradually entered the off-season, and the overall production and sales of the industrial chain turned weak. According to the China Cotton Early Warning Information System survey of 90 fixed-point textile enterprises across the country, textile production and sales fell, the sales of gauze cloths turned weak, the growth rate of raw material stocks slowed down, and the cotton structure was stable.
First, textile production and sales fell significantly
The production and sales of textiles were significantly weaker than last month. According to the survey, yarn production in June decreased by 3.12% month-on-month and 0.22% year-on-year, of which: pure cotton yarn accounted for 72.50%, down 1.06 percentage points from the previous month; blended yarn accounted for 23.28%, an increase from last month. 1.08 percentage points.
Cloth production decreased by 0.58% from the previous month and decreased by 1.25% year-on-year. Among them, cotton fabrics accounted for an increase of 0.12 percentage points from the previous month. The yarn sales rate was 85.11%, a decrease of 6.11 percentage points from the previous month. At present, the yarn inventory of textile enterprises is 20.14 days, a decrease of 1.90 days from the previous month. According to the feedback from the company, the space for the decline in yarn inventory may not be large in the late stage. The sales situation at the end of June is rapidly weakening, resulting in a backlog of inventory. The grey cloth inventory was 23.17 days, an increase of 0.12 days from the previous month, which was lower than the same period of the past two years.
Second, the price of imported yarn has risen sharply
The rise in cotton prices has driven the price of cotton yarns to rise. According to the survey, the average price of domestically produced 32 cotton yarns in June was 23,854 yuan / ton, up 498 yuan / ton from the previous month, an increase of 2.13%, compared with the same period last year (average price in June 2017 was 23,203 yuan / ton) rose 651 Yuan/ton, an increase of 2.81%; the average monthly price of imported cotton yarns was 23,953 yuan/ton, up 547 yuan/ton from the previous month, or 2.34%, compared with the same period of last year (the average price in June 2017 was 23,823 yuan). / ton) rose 131 yuan / ton, an increase of 0.55%. Due to the depreciation of the Renminbi, the settlement cost of imported yarns has risen sharply, and the price has increased significantly. The spot price of imported yarn at the end of the month is higher than that of domestic yarns of 199 yuan/ton.
Third, the growth of raw material inventory of enterprises slowed down
As the cotton price dropped at a high level and the textile industry entered the off-season, the enthusiasm of textile enterprises for stocking was significantly weakened, and the growth rate of cotton stocks slowed down. As of June 30, the cotton stocks of cotton enterprises in the library were 827,600 tons, an increase of 28,500 tons from the end of last month, an increase of 100,300 tons, of which: 26% of enterprises reduced cotton stocks, 18% increased stocks, 56% constant.
The cotton structure of textile enterprises is basically stable:
1. The use of Xinjiang cotton by textile enterprises accounted for 75.56% of the total cotton used, an increase of 2.31 percentage points from the previous month and a decrease of 3.44 percentage points year-on-year. Among them, the reserve cotton accounted for 19.88%, and the new cotton accounted for 80.12% this year;
2. The proportion of textile enterprises using real estate cotton was 10.66%, down 2.97 percentage points from the previous month. Among them: reserve real estate cotton accounted for 15.12%, this year's real estate new cotton accounted for 84.88%;
3. The proportion of textile enterprises using imported cotton was 13.78%, an increase of 0.66 percentage points from the previous month and an increase of 1.33 percentage points year-on-year.