Cotton industry inventories have declined, and textile companies are more willing to purchase

1. In early November, the national cotton industry inventory usage days were about 31.1 days

A sample survey of the National Cotton Market Monitoring System shows that as of November 9, the average cotton inventory usage days of the sampled companies was approximately 31.1 days (including the amount of cotton imported to Hong Kong), a decrease of 5.7 days month-on-month. A year-on-year increase of 0.9 days. According to relevant data, the national cotton industry inventory is approximately 646,000 tons, a month-on-month decrease of 15.6% and a year-on-year increase of 2.8% (Figure 1). The cotton industry inventory status in major provinces across the country varies, with Hebei and Jiangxi having relatively large cotton industry inventory discount days.

Second, the enthusiasm for purchasing has slightly improved, and the willingness to stabilize cotton distribution has increased

Procurement intention survey shows that in early November 2016, 70% of the companies planned to purchase raw materials, an increase of 1 percentage point from the previous month, and the same as the same period last year; 26% of companies held a wait-and-see attitude, an increase of 1 percentage point from the previous month. , down 3 percentage points year-on-year; 4% of companies do not plan to purchase cotton, down 2 percentage points month-on-month, but up 4 percentage points year-on-year (Figure 3).

At the beginning of November 2016, 90% of the sampled enterprises planned to stabilize the cotton allocation ratio, which would increase by 4 percentage points month-on-month and decrease by 6 percentage points year-on-year; 4% of the enterprises planned to increase the cotton allocation ratio, which would increase by 1% month-on-month. percentage points, a year-on-year decrease of 6 percentage points; 6% of companies plan to reduce the cotton allocation ratio, a month-on-month decrease of 5 percentage points, a year-on-year increase of 3 percentage points (Figure 5).

3. Increase in yarn production and sales rate

In the past month, the yarn production and sales rate of the fabric companies surveyed increased, and the inventory increased; the cloth production and sales rate decreased, and the inventory increased. As of November 9, the yarn production and sales rate of the sampled enterprises was 99.2%, an increase of 3.1 percentage points month-on-month, a year-on-year increase of 2.2 percentage points, and 1.5 percentage points higher than the average level of the past three years; the inventory was 13.9 days of sales, a month-on-month increase of 0.6 days, a year-on-year decrease of 3.6 days, and a decrease of 8.3 days compared with the average of the past three years (Figure 7). The production and sales rate of cloth was 97.6%, a month-on-month decrease of 3.7 percentage points, a year-on-year increase of 6.3 percentage points, and a 0.1 percentage point lower than the average level of the past three years; the inventory was 37.3 days of sales, a month-on-month increase of 2.7 days, a year-on-year decrease of 8.7 days, and a year-on-year decrease of 0.1 percentage points. The three-year average was 9.8 days lower.

AAASDFWERTEYRHF

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.