Cotton industry inventories have declined, and textile companies are more willing to purchase
Abstract: 1. In early November, the national cotton industry inventory usage days were approximately 31.1 days. A sample survey of the National Cotton Market Monitoring System showed that as of November 9, the average cotton inventory usage days of the sampled surveyed enterprises was approximately 31.1 days (including the quantity of cotton imported into the port). ), a month-on-month decrease of 5.7 days and 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
Key words:
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 the port), a month-on-month decrease 5.7 days, an increase of 0.9 days year-on-year. 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.
2. The enthusiasm for purchasing has slightly improved, and the willingness to stabilize cotton distribution has increased
Purchasing intention survey shows that in early November 2016, 70% of the companies were prepared 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 from the previous month 1 percentage point, a year-on-year decrease of 3 percentage points; companies that do not plan to purchase cotton accounted for 4%, a month-on-month decrease of 2 percentage points, and a year-on-year increase of 4 percentage points (Figure 3).
In early November 2016, 90% of the sampled enterprises planned to stabilize the cotton allocation ratio, which increased by 4 percentage points month-on-month and decreased by 6 percentage points year-on-year; 4% of the enterprises planned to increase the cotton allocation ratio. An increase of 1 percentage point month-on-month and a decrease of 6 percentage points year-on-year; 6% of companies plan to reduce the cotton distribution ratio, a decrease of 5 percentage points month-on-month and an increase of 3 percentage points year-on-year (Figure 5).
3. Increase in yarn production and sales rate
In the past month, the yarn production and sales rate of the textile 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.
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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 the port), a month-on-month decrease 5.7 days, an increase of 0.9 days year-on-year. 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.
2. The enthusiasm for purchasing has slightly improved, and the willingness to stabilize cotton distribution has increased
Purchasing intention survey shows that in early November 2016, 70% of the companies were prepared 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 from the previous month 1 percentage point, a year-on-year decrease of 3 percentage points; companies that do not plan to purchase cotton accounted for 4%, a month-on-month decrease of 2 percentage points, and a year-on-year increase of 4 percentage points (Figure 3).
In early November 2016, 90% of the sampled enterprises planned to stabilize the cotton allocation ratio, which increased by 4 percentage points month-on-month and decreased by 6 percentage points year-on-year; 4% of the enterprises planned to increase the cotton allocation ratio. An increase of 1 percentage point month-on-month and a decrease of 6 percentage points year-on-year; 6% of companies plan to reduce the cotton distribution ratio, a decrease of 5 percentage points month-on-month and an increase of 3 percentage points year-on-year (Figure 5).
3. Increase in yarn production and sales rate
In the past month, the yarn production and sales rate of the textile companies surveyed increased, and the inventory increased; the cloth production and sales rate decreased, and the inventory increased.�High. 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.
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