Hot Spot Analysis: Cotton Textile Industry In The First Half Of The Year

In the first half of 2015, cotton target price direct subsidy policy was implemented, cotton prices fell, cotton reserves came out and import yarn grew continuously, making the cotton textile industry in 2015 particularly lively.

Industry operation

Main business income grew year by year, enterprises kept low inventory and maintained production.

according to

Tracking enterprise survey data shows that in the first half of this year, China's yarn output grew at a low speed, the growth rate slowed down year by year, and cloth production continued negative growth in the first half year.

Tracking enterprises show that cotton stocks are more for 10~15 days. The production of high-grade cotton yarn enterprises require high quality of cotton. In order to ensure the stability of cotton blending, inventory is relatively large, and because chemical fiber raw material prices continue to decline, enterprises for chemical fiber stocks are mostly low, and enterprises generally insist on buying and buying with no inventory.

In the two quarter, the inventory of enterprise products showed an upward trend due to the reduction in demand for downstream orders and slow progress in sales.

At present, the finished product inventory is 15 days ~30 days.

Tracking enterprise data display in the first half year

The main business income increased by 1.98% over the same period, which is mainly supported by output growth.

From the monthly point of view, the production and operation of cotton textile enterprises in April turned a little better, and it was reflected at the end of the two quarter. From a deficit side, the loss of cotton textile enterprises in 5 and June was narrowed.

The clustered data tracked by China Cotton Association show that the cluster enterprises that produce non cotton fibers and specialty products have better profitability and balanced business benefits.

The more complete industrial cluster has stronger risk resisting ability and better profit, but the cluster dominated by pure cotton products is underdeveloped, reduced in production capacity and decreased in efficiency.

The business climate index of the association's follow-up survey showed that in the first half of the year, the cotton textile industry's prosperity index was between 45~50, rising slightly in the first quarter, reaching its peak in April, then began to decline, and the industry prosperity index showed a seasonal rebound.

market price

Domestic and foreign cotton prices narrowed narrowing textile enterprises market competitiveness

It is the vane of the market.

Since the first half of this year, domestic cotton prices have been in a downward trend. At present, the average price of domestic cotton market is 13300 yuan / ton, and the international cotton price is affected by the expected decline in global cotton production and the pattern of US dollar strength. The international price of cotton is about 11000 yuan / ton, and the difference between inside and outside cotton price is reduced to two thousand yuan.

In the first half of the year, the price of viscose staple fiber was oscillating upward in the first half of the year due to the shortage of supply.

And polyester staple fiber because of the decline in oil prices, prices will also be weak downward.

Beginning in April, polyester staple fibers ceased and stopped downward trend.

Yarn, cloth prices, but also because of weak raw material prices, market demand and other aspects of the impact of declining.

Market trade

Import and export of cotton and cotton fabrics double import cotton yarn imports grew year on year

According to data from the General Administration of customs, China's cotton imports amounted to 933779 tons in 1~6 months, down 33% from the same period last year.

Cotton imports in June were 161775 tons, down 26% from the same period last year.

The proportion of cotton imports to Uzbekistan increased significantly, while that of India cotton decreased year by year.

The reduction of cotton imports in India is mainly affected by the policy of cotton storage and storage in India. In addition, the poor quality of India cotton is also the concern of domestic textile enterprises.

Customs statistics showed that the total import and export volume of yarn in China was 2 million 923 thousand tons in 1~5 months, an increase of 4.5% over the same period last year, and the import and export volume was 8 billion 610 million US dollars, down 4.7% from the same period last year.

The number of exports was 1 million 647 thousand tons, down 0.81% compared to the same period last year, and the export volume was 4 billion 770 million US dollars, down 8.4% from the same period last year.

The import volume was 1 million 276 thousand tons, an increase of 12.1% over the same period, and the import amount was 3 billion 840 million US dollars, up 0.4% from the same period last year.

India, Pakistan and Vietnam are the three largest source markets of cotton yarn imports in China. In the first 5 months of this year, except for February, the number of cotton yarn imported from India, Pakistan and Vietnam increased. In February, imports from Vietnam only increased by 27.9%, and imports from India and Pakistan declined to varying degrees.

In 2015 1-5, China imported 299 thousand tons of cotton yarn from India, an increase of 17.9% compared with the same period last year, and the import price was 2.7 US dollars / kg, down 12.7%.

Imports of 253 thousand tons and 192 thousand tons of cotton yarn from Pakistan and Vietnam respectively increased by 23% and 41% respectively, and the import prices were 2.44 US dollars / kg and 2.99 US dollars / kg respectively.

In 1~5 months, the export of China's cotton fabrics was 3 billion 140 million meters, down 5.8% from the same period last year.

Imports of 240 million meters, down 15.86% compared to the same period, cotton textile trade exports amounted to $10 billion 100 million, down 9.04% over the same period last year.

In addition to the positive growth in the number of cotton fabrics exported to Bangladesh, the rest of the export markets declined year-on-year, including Vietnam, Indonesia and Hongkong, China.

In the two quarter, the export of cotton textile products narrowed and imports volume was $3 billion 470 million, down 0.7% from the same period last year.

China's exports to the United States grew by 6.14% over the same period last year.

ASEAN is the main import market of China's cotton textiles, and the import of cotton textiles from ASEAN has increased by 2.12% over the same period last year.