Domestic Cotton Supply Situation: New Cotton Prices Are Significantly Higher Than The Same Period In Previous Years

According to the statistics of the China National Business Information Center, in 2016 1-9, the retail sales volume of 50 key large retail enterprises accumulated 1.9% year-on-year growth, and the growth rate was 2.6 percentage points lower than that of the same period last year.

Clothing retail sales decreased by 1.4%, the growth rate was 2.3 percentage points lower than the same period last year.

In September, textile and Garment Retailing did not improve significantly. The growth rate of industrial added value continued to decline, sales of yarn and cloth rebounded slightly, and raw material inventory of textile enterprises picked up.

Textile and clothing

Still weak.

According to the statistics of National Bureau of statistics, the total retail sales of clothing, shoes and hats and needle textiles increased by 6.7% over the same period last September, an increase of 0.5 percentage points from the previous month, a decrease of 1.8 percentage points from the same period last year, an increase of 16.3% in online sales of "wear" goods, a decrease of 0.6 percentage points from the previous month, and a decrease of 10 percentage points over the same period last year. The statistics show that the retail sales of clothing, shoes and accessories increased by 1.8 percentage points over the same period last year.

National Bureau of statistics data show that in September 2016, above scale

The added value increased by 3.3% over the same period last year, 3.2 percentage points slower than the same period last year, and the growth rate slowed down for seventh consecutive months.

In October, the central parity of the RMB against the US dollar dropped sharply, down 6.70 in October 10th, reaching a six year low.

It is expected to slow down the competitive pressure of China's textile and garment export and enhance the long-term competitiveness of the industry.

Yarn and cloth production rate increased.

Country

Monitoring system survey showed that as of October 11th, the yarn production and sales rate of the enterprises surveyed was 96.2%, the annulus ratio increased by 0.6 percentage points, 4.5 percentage points lower than the same period last year, and the inventory was 13.3 days sales, increasing by 0.1 days.

The production and sale rate of cloth was 101.3%, the ratio increased by 8.4 percentage points, 12.4 percentage points higher than that of the same period last year, and the inventory was 34.5 days, with a reduction of 0.2 days.

The stock of textile enterprises has increased.

The end of the cotton storage came to a close at the end of September. Many textile enterprises and traders replenish their stock before the auction. The sample survey of the national cotton market monitoring system showed that as of October 11th, the average stock usage days of the enterprises surveyed were about 36.8 days (including the quantity of cotton imported into the port), an increase of 1.7 days, an increase of 7.3 days compared with the same period last year.

According to relevant data projections, the national cotton industry inventory of about 769 thousand tons, an increase of 2.8%, an increase of 25.2% over the same period last year.

Purchasing intention survey showed that in early October 2016, 69% of enterprises were prepared to purchase raw materials, 11 percentage points higher than the ring ratio, 25% of the enterprises with a wait-and-see attitude, 14 percentage points lower than the annulus, and 6% of the enterprises that did not plan to purchase cotton, 3 percentage points higher than the annulus.

In October, seed cotton picking entered the peak, and seed cotton purchase price was significantly higher than in previous years. In some parts of Xinjiang, the price reached 8 yuan / kg, and the price dropped in mid October.

At present, the price of seed cotton in Xinjiang is mostly concentrated in 6.5-7.5 yuan / kg, and the lint price is 15500-16000 yuan / ton.

In the same period last year, the price of Xinjiang seed cotton was about 5.5 yuan / kg, and the lint price was about 12800 yuan / ton.