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Prosperity Report Of China'S Cotton Textile Industry In August 2020

2020/9/23 10:38:00 154

August Cotton Textile Industry Business Report

In terms of production, according to the latest data of the National Bureau of statistics, the purchasing manager index (PMI) of China's manufacturing industry in August was 51.0%, which was basically the same as that of the previous month, indicating that the manufacturing industry was running smoothly. Among the sub indexes, except the raw material inventory index and the employee index, the other indexes are in the booming range. Among them, the new order index has rebounded for four consecutive months, indicating that the market demand has recovered; the export order index was 49.1%, higher than 0.7% of the previous month, indicating that the effects of a series of policies to stabilize foreign trade and foreign investment continued to release, and the export of manufacturing industry further improved. The questionnaire survey of China Cotton Association is basically consistent with the trend of PMI.

In terms of foreign trade, China's import and export gradually stabilized and improved. On the one hand, since this year, a series of policies and measures to stabilize foreign trade issued by the State Council have been implemented continuously, and the policy effect has been continuously released; on the other hand, with the gradual control of the international epidemic situation, the international market demand has gradually warmed up. According to the data of the General Administration of Customs of China, in August, textile and clothing exports totaled 216.96 billion yuan, up 22.6% month on month. Among them, textile exports reached 103.23 billion yuan, up 49.7% month on month, and clothing exports were 113.73 billion yuan, up 5.2% month on month. From April to August, the export of textiles and clothing increased for five consecutive months. With the increase of production capacity of foreign epidemic prevention materials and the decrease of prices of epidemic prevention products, the growth of textile export in August slowed down compared with the previous period. With the recovery of purchasing demand for clothing in major markets, clothing export rebounded, with a year-on-year growth of 5.2% and a month on month growth of 4.7%.

In August, the raw material purchasing index was 51.96, which was in a prosperous range for three consecutive months. This month, the domestic cotton spot price overall stable rise, Zheng cotton futures price shocks higher, futures prices rose more than spot; In terms of international cotton prices, the cotbook a index showed a "W" trend in the month. In the middle of the month, the US Department of Agriculture released a monthly forecast of global cotton supply and demand. The global cotton output increased by 280000 tons, and the cotton consumption decreased by 270000 tons. The international cotton price was greatly affected by the news. With the recovery of market sentiment, the price was adjusted. In this month, the atmosphere of reserve cotton auction is hot, and it has always been full transaction. From the perspective of price, the transaction price is linked with the fluctuation of cotton price; From the trading volume proportion, traders auction reserves are greater than textile enterprises. Textile enterprises said that as the auction gradually entered the finishing stage, they would pay close attention to the market situation and cotton price fluctuations, and select the opportunity to auction for storage and replenishment. In terms of non cotton fiber, viscose staple fiber price stable and slightly decreased, direct spinning polyester short range vibration. At the beginning of the month, affected by the typhoon and optimistic about the future market, the willingness of direct spinning polyester short delivery decreased, and the quotation of some factories increased. Subsequently, affected by the fluctuation of raw material prices, the prices were adjusted.

Stock index of raw materials

In August, the production index was 50.54, and the production of textile enterprises was on the right track. In August, the market atmosphere continued to warm up, the downstream actively prepared goods, the start-up rate of textile enterprises increased compared with the previous month, and the production rhythm of grey cloth was significantly accelerated; The output of yarn and cloth is higher than that of cloth. Some textile enterprises said that foreign trade orders have been issued one after another, and the raw materials designated by customers use foreign cotton, and there is little left in the tariff quota previously allocated. At the beginning of September, the national development and Reform Commission issued a notice to start issuing sliding tax quota. Compared with 800000 tons in previous years, this year's quantity is 400000 tons, and it is designated as processing trade quota.

Product sales index

In August, the product inventory index was 50.05, which was in the boom zone for the first time this year, and the production and sales of enterprises tended to be balanced. "Warm up" in this month, as a result of the warm up of textile inventory, the sales of cotton fabrics have been significantly lower than that of the previous month. According to the questionnaire of China Cotton Association for Industry and commerce, 31.89% of the enterprises with a month on month increase in product inventory accounted for 31.89% and a decrease of 13.56% on a month on month basis. The proportion of enterprises with a month on month decrease in product inventory accounted for 20.34% and an increase of 2.95% on a month on month basis; Grey cloth inventory increase significantly Slow.

Business operation index

In August, the enterprise confidence index was 65, textile enterprises are full of confidence in the future market. Textile enterprises said that at present, the domestic consumer market continued to warm up, orders basically maintained stable; With the control of the overall epidemic situation in foreign countries, social activities have been gradually unsealed, consumer demand has increased, and foreign trade orders have also recovered. It is believed that although the "golden nine silver ten" is lighter than that in the same period of previous years, compared with the market situation from January to August this year, the textile enterprises with obvious improvement in the market atmosphere are expected to increase significantly. There are also some textile enterprises believe that there are more uncertain factors in the current macro-economy, there is the possibility of market cooling.

explain: The prosperity index of China's cotton textile industry is collected from nearly 500 secondary cotton textile enterprises in China. With reference to the establishment methods of national manufacturing PMI and other indexes, it is concluded that when the index is higher than 50, the prosperity degree of cotton textile industry in this month is better than that of last month, and if it is lower than 50, it means that the prosperity degree of this month is lower than that of last month.