In May, the textile market was affected by the gradual resumption of work and production in European and American countries, and foreign trade sales improved slightly. However, companies’ finished product inventories were still high, financial pressure was high, and construction was generally insufficient. According to a survey of more than 90 designated textile companies across the country by the China Cotton Early Warning System, corporate raw material inventories increased, textile output decreased month-on-month, and yarn inventories and cloth inventories increased slightly.
●Textile output decreased month-on-month●
In May, the destocking speed of textile companies was relatively slow, and the startup rate was still low. Some companies suspended production for holidays, and textile output declined compared with the previous month. According to the survey, yarn output fell by 1.2% month-on-month and 6.8% year-on-year. Among them: pure cotton yarn accounted for 66.5%, a decrease of 0.5 percentage points from the previous month; blended yarn and chemical fiber yarn accounted for 33.5%, a decrease from the previous month. increased by 0.5 percentage points.
Cloth output decreased by 1.2% month-on-month and 5.9% year-on-year, of which: the proportion of pure cotton cloth decreased by 0.2 percentage points from the previous month. The yarn sales rate was 59%, down 1 percentage point from the previous month.
The current finished product inventory of spinning enterprises is 28.75 days, an increase of 0.3 days from the previous month. The inventory of finished gray fabrics is 35.01 days, an increase of 0.14 days from the previous month.
●The price of domestic and foreign cotton yarn dropped●
Both the price of domestic and foreign cotton yarn dropped. The average price of domestic 32-count pure cotton yarn in May was 18,739 yuan/ton, a decrease of 549 yuan/ton, or 2.85%, from the previous month, and a decrease of 3,928 yuan/ton, or 17.33% from the same period last year; the monthly average price of imported 32-count pure cotton yarn The price is 18,826 yuan/ton, a decrease of 1,078 yuan/ton or 5.42% from the previous month, and a decrease of 3,685 yuan/ton or 16.37% from the same period last year.
●Enterprise raw material inventories increased slightly●
The improvement in the downstream market is not obvious. Textile enterprises have many small and odd orders, the operating rate remains at a low level, and raw materials are basically purchased as needed. As of May 30, the cotton inventory of textile enterprises was 679,500 tons, an increase of 6,100 tons from the end of last month and a year-on-year decrease of 72,100 tons. Among them: 33% of companies reduced cotton inventories, 41% increased inventories, and 26% remained basically unchanged.
The proportion of Xinjiang cotton used by textile enterprises has increased, the proportion of real estate cotton has decreased, and the proportion of imported cotton has basically remained the same :
The use of Xinjiang cotton by textile enterprises accounted for 91.38% of the total cotton consumption, an increase of 0.03 percentage points from the previous month and an increase of 11.38 percentage points year-on-year. Among them: the proportion of reserved Xinjiang cotton was 4.28%, Xinjiang cotton accounted for 95.72% this year.
The proportion of real estate cotton used by textile enterprises was 1.75%, a decrease of 0.04 percentage points from last month. Among them: the proportion of reserved real estate cotton is 6.77%, and the proportion of real estate cotton this year is 93.23%.
The proportion of imported cotton used by textile enterprises was 6.87%, an increase of 0.01 percentage points from the previous month and a decrease of 4.93 percentage points year-on-year. </p
