Project undertaking: Beijing Cotton Outlook Information Consulting Co.
Survey object: Xinjiang, Shandong, Hebei, Henan, Jiangsu, Zhejiang, Hubei, Anhui, Jiangxi, Shanxi, Shaanxi, Hunan and other provinces and autonomous regions of cotton textile mills
In January, textile consumption is expected to pick up, coupled with downstream replenishment before the holiday, spinning mill orders have improved, raw material inventory at a low level, the will to replenish the warehouse has increased. Affected by the Spring Festival holiday, in addition to some large enterprises are not on holiday, the rest are on holiday for 3-7 days, textile production overall fell slightly. According to China’s cotton early warning system of more than 90 fixed-point textile factory survey shows that this month, the textile industry raw material inventory increased slightly, finished goods inventory stable slightly increased.
First, textile production fell in the ring
This month, the market is expected to be good, but coincides with the Chinese New Year, most textile mills on holiday for 3-7 days, despite the resumption of work after the holiday to resume production faster, textile production overall fell slightly.
Yarn production fell 10.5% compared with last month, down 7.3% year-on-year, of which: cotton yarn accounted for 55.1%, down 0.6 percentage points from last month; blended yarn and chemical fiber yarn accounted for 44.9%, up 0.6 percentage points from last month.
Cloth production fell 12.7% YoY and 8.8% YoY, of which: cotton cloth accounted for 0.4 percentage points lower than the previous month.
Yarn sales rate was 72%, down 2 percentage points from the previous month. Current yarn inventory of textile mills was 17.82 days, up 0.34 days from last month. Blank fabric inventory of 33.99 days, an increase of 0.46 days over the previous month.
Second, both inside and outside cotton yarn prices rose
This month, both domestic and foreign cotton yarn prices rose, domestic 32 cotton yarn January average price of 23,351 yuan / ton, up 598 yuan last month, or 2.63%, down 5,432 yuan over the same period last year, down 18.9%; imported 32 cotton yarn January average price of 23,987 yuan / ton, up 100 yuan last month, or 0.42%, down 4,919 yuan over the same period last year, down 17.02%.
3. Raw material inventory increased slightly
This month, the overall market expectation is good, yarn mills due to the low level of raw materials inventory and order taking is still more than adequate, the will to replenish the warehouse has increased, raw materials inventory increased slightly. As of January 31, textile mills in storage cotton industrial inventory of 593,200 tons, an increase of 42,000 tons from the end of last month, a decrease of 183,100 tons. Among them: 24% of enterprises to reduce cotton stocks, 39% increased stocks, 37% basically remained unchanged.During the month, the proportion of textile mills with Xinjiang cotton decreased, the proportion of real estate cotton increased, the proportion of imported cotton increased:.
1. textile mills use Xinjiang cotton accounted for 86.44% of the total amount of cotton used, 0.73 percentage points less than last month, 0.47 percentage points less than last year, of which: the proportion of reserve Xinjiang cotton is 6.7%, the proportion of Xinjiang cotton in 2022/23 is 28.5%.
2. Textile mills use the proportion of real estate cotton is 4.72%, an increase of 0.24 percentage points over the previous month. Among them: the reserve of real estate cotton accounted for 7.5% of the 2022/23 real estate cotton accounted for 31.2%.
3. textile mills using imported cotton proportion of 8.84%, an increase of 0.49 percentage points over the previous month, a decrease of 0.19 percentage points.
Post time: Feb-27-2023
