Report on China's cotton textile industry prosperity in January 2017

In January 2017, China's cotton textile industry prosperity index was 47.52, a decrease of 0.58 compared with December 2016. On the whole, under the influence of the long Spring Festival holiday, the production and sales of cotton textile enterprises have slowed down as a whole. The index has declined compared with the previous month, but it is flat with the same period last year, which is a seasonal decline, and the industry operation has not shown a significant deterioration trend. From the chart below, since January 2016, the cotton textile prosperity index has basically fluctuated within a reasonable range. After several years of transformation pains, cotton textile enterprises have improved their ability to respond to market changes. The raw material purchase price index in January was 49.71, down 1.54 from December. In January, the price of domestic cotton (15515, -15.00, -0.10%) was basically stable. Before the Spring Festival holiday, the 3128B cotton index price was 15,680 yuan/ Tons, the average price of the month decreased by 0.98% from the previous month; the international cotton price was 82.33 US cents/lb, an increase of 3.5% from the previous month. The average price of chemical fiber staple fiber in January was higher than that in December, and the price of viscose staple fiber increased rapidly, which increased by 5.9% compared with December. It can be seen from the above chart that the price of raw materials fluctuated greatly in 2016.　　Production Index　　The production index in January was 45.48, a decrease of 2.79 from December. In January of this year, there were many holidays including New Year's Day and Chinese New Year. The number of working days of enterprises decreased significantly compared with the previous month. The holiday time for small and medium-sized enterprises was basically concentrated in the 5 to 10 days before the holiday. In January, the production of cotton textile enterprises slowed down as a whole. According to the coordinated research and understanding of China National Cotton Bank, after the Spring Festival, the start-up status of enterprises and the return rate of workers are both good. A survey of enterprises after the holiday shows that about 92% of enterprises have a return rate of workers after the holiday is greater than 80%, of which 47% are enterprises. The return rate is about 100%.　　Product Sales Index　　The product sales index in January was 46.96, down 1.36 from December. Product sales progress slowed down in January, and domestic yarn prices and grey cloth prices were relatively stable. The average price of 32 pure cotton carded yarn was 23,165 yuan/ton, an increase of 0.1% from the previous month, and the price of pure cotton grey cloth was 5.67 yuan/meter, an increase of 0.4% from the previous month. China Cotton Bank coordinated research to understand that some differentiated products are in good sales, but market demand is limited, and Xinjiang enterprises and large enterprises of conventional varieties have obvious cost advantages.　　Raw Material Inventory Index 　　In January, the raw material inventory index was 49.94, an increase of 2.53 from December. According to tracking data, the raw material inventory of cotton textile enterprises has increased month-on-month, and the non-cotton fiber inventory has increased significantly. According to the coordinated research of China National Cotton Bank, most companies judge that the cotton price may increase slowly in 2017, and the willingness of companies to stock up has increased. However, according to previous years’ experience, there is still uncertainty in the trend of cotton prices during the release of reserve cotton, and the pressure on funds at the end of the year is relatively high. Large, the inventory of textile enterprises is mostly controlled within 2 months. It can be seen from the above chart that in January, the raw material inventory index showed an upward trend.　　Product inventory index　　The product inventory index in January was 48.38, an increase of 1.12 from December. Affected by factors such as the slowdown in production and sales, the company's yarn and cloth finished goods inventory increased month-on-month. There is no obvious growth point in the demand of downstream companies. In addition, companies judge that the price of raw materials is relatively optimistic about the market outlook, and they are generally not willing to reduce prices and clear inventories.　　Business Operation Index　　The business operation index in January was 45.46, which was 1.19 lower than that in December. In January, the cost of raw materials rose. Although the price of gauze products rose, the rate of increase was relatively low, which made the profit situation not optimistic. As the Spring Festival is approaching, most companies suspend production and holidays one to two weeks in advance. Companies that account for more than 60% of the industry’s production capacity have shown negative growth in export delivery values u200bu200bthroughout the year. Therefore, the industry’s operating conditions in January are not violent. Note: The prosperity index of China's cotton textile industry is collected from more than 200 key cotton spinning enterprises across the country and calculated by weighting a number of main indicators. When the index is higher than 50, it indicates that the prosperity of the cotton textile industry is improving, and if it is lower than 50, it indicates the prosperity. Suboptimal. Article Keywords: 　Cotton Spinning Index Prosperity Report