Textile Data: Monthly Analysis Report Of China'S Cotton Textile Industry In May 2021

The tracking data of China Cotton Textile Industry Association (hereinafter referred to as the China Cotton Association) shows that in May 2021, the industry entered the traditional off-season, the market production and sales slowed down, the production and sales of cotton textile decreased month on month, the order volume of enterprises was fair, and the start-up rate remained high.

[enterprise]

Compared with April, the purchase, consumption and inventory of raw materials and the production of yarn and cloth of cotton textile enterprises decreased in May. The sales volume of yarn decreased and the sales of cloth increased. The stock of yarn warehouse increased and the stock of cloth warehouse decreased.

I. purchase and inventory of raw materials

(I) raw material procurement

In May, the raw material procurement of tracking enterprises decreased by 6.34% month on month, and the raw cotton procurement volume decreased by 13.49% month on month, of which the import cotton purchase volume increased by 0.24%; Non cotton fiber procurement increased by 7.54% month on month. In May, the domestic cotton price rose and fell, textile enterprises replenished the warehouse and purchased at low prices. The overall purchase intention was insufficient, and the main thing was just to prepare goods.

From the perspective of raw material price, the market remained optimistic in the early May, and the sales of cotton yarn in the downstream was good, which supported the rise of domestic cotton price; In the late ten days, with the market's expectation of the Fed's interest rate increase increasing and the state's strengthening the linkage supervision of the commodity futures and spot markets, commodities generally fell back. On May 30, the main contract of Zheng cotton futures was 15475 yuan / ton, up 65 yuan / ton on a month on month basis; The price of domestic standard cotton was 15985 yuan / ton, up 110 yuan / ton month on month; The a index of international cotton price was 89.70 cents / pound, down 2.2 cents / pound on a month on month basis, with 1% tariff price of 14360 yuan / ton, and the difference between domestic and foreign cotton prices was 1625 yuan / ton, and the price difference was about 443 yuan / ton compared with the previous month.

In terms of non cotton fiber, the price of viscose staple fiber continued to decline in May. On May 30, the price was 12550 yuan / ton, down 1450 yuan / ton month on month; Polyester staple fiber fell slightly. On May 30, the price was 6745 yuan / ton, down 175 yuan / ton month on month.

(2) raw material consumption and inventory

The tracking data shows that the consumption of raw cotton decreased by 1.06% month on month, of which raw cotton consumption decreased by 2.90% and non cotton fiber consumption increased by 2.31% month on month. As of the end of May, raw material inventory decreased by 5.20% month on month and increased by 14.44% year on year. Among them, raw cotton inventory decreased by 7.16% month on month and increased by 14.66% year on year; Non cotton fiber inventory increased by 0.58% month on month and 13.84% year on year. Due to the fluctuation of raw material price, enterprises purchase on demand.

2、 Product production

The tracking data shows that in May, the yarn output of cotton textile enterprises decreased by 0.02% month on month, the cloth output decreased by 0.47%, and the yarn and cloth output increased by 22.78% and 8.31% respectively. The order situation of textile enterprises in May was fair, and the equipment utilization rate remained at a high level.

By the end of May, the utilization rates of spinning and weaving equipment of tracking enterprises were 94.33% and 92.22% respectively. Among them, 91% of the enterprises whose utilization rate of spinning equipment is higher than 85%, which is flat month on month; The proportion of enterprises with weaving equipment utilization rate higher than 85% accounted for 83%, with a month on month decrease of 1 percentage point.

3. Product sales and inventory

Tracking data show that in May, yarn sales decreased by 1.60% and cloth sales increased by 1.67%. In the first ten days of May, the sales situation was good, but the sales in the middle and late ten days gradually weakened, and the sales of conventional varieties were still smooth.

From the price point of view, cotton and cotton yarn prices rise, but the resistance of cotton price rise is larger, and the profit space of weaving enterprises is compressed. On May 30, the price of 32 pure cotton combed yarn increased by 630 yuan / ton, while the price of 30 pure viscose yarn and 32 pure polyester yarn decreased by 400 yuan / ton and 30 yuan / ton respectively. The price of grey fabric fell, and on May 30, all cotton grey fabric 32 * 32 130 * 70 2 / 1 47 "twill 6.00 yuan / m, up 0.12 yuan / m on a month on month basis.

In terms of inventory, as of the end of May, yarn inventory increased by 3.94% month on month, while cloth inventory decreased by 2.67%. In the first ten days of May, the sales situation of enterprises improved, the inventory decreased, the production and sales situation weakened in the middle and late ten days, and the sales volume decreased. On the whole, the yarn and cloth inventory of enterprises were controlled within one month.

[cluster chapter]

According to the follow-up survey of the cluster situation, the cluster production and operation situation in May 2021 is basically consistent with that of the industry, and the startup rate remains at a high level.

1、 Equipment utilization

Tracking data shows that in May, the number of enterprises in the cluster decreased by 4.2% year-on-year, and the number of employees increased by 1.8% year-on-year, of which the number of employees of Enterprises above the designated size increased by 1.2%.

The average equipment utilization rate of cluster enterprises is about 77%, which is flat on a month on month basis, with a year-on-year increase of 8.1%, among which the enterprises above the designated size account for about 85%.

Production capacity and output of yarn and cloth

Tracking cluster spinning capacity decreased by 1.7% year-on-year, and weaving capacity increased by 0.9% year-on-year. Enterprises gradually eliminated backward production capacity, and production equipment developed to automation and intelligence. Although the production capacity decreased, the production efficiency increased and the output increased.

In terms of output, the output of various yarns of cluster enterprises increased by 17.4% year-on-year, of which the enterprises above the designated size increased by 20.9%; Cloth output increased by 19.4% year-on-year, including 20.2% for Enterprises above designated size.

3、 Post production plan

In the off-season of the industry, the market demand is weak, and the orders of enterprises are mainly in small batches. Recently, the inquiry of export orders has increased, and the actual orders are placed cautiously. Affected by the epidemic situation in Southeast Asia, some garment orders have returned to China. On the whole, knitted products are better than woven fabrics, and the market competition is intensified. In the later stage, the enterprise will continue to maintain the startup rate, purchase on demand, and reasonably adjust the production plan.

    ( Source: China Cotton Textile Industry Association)