In August, China's cotton textile prosperity index was 49.7, and the industry was operating steadily and positively. In terms of raw materials, raw cotton prices have risen steadily this month, chemical fiber prices have fluctuated slightly, textile companies purchase on demand, and raw material inventory is relatively reasonable; in the production and sales links, the production index this month has rebounded to the boom range, and orders have improved significantly compared with the previous month. Product inventory pressure has decreased; in terms of operating performance, the market has picked up significantly this month, and downstream orders have begun to increase. Textile companies have taken advantage of this market to activate inventory, while raw material costs have been rising, yarn and cloth products have been lagging in price increases, and textile companies’ sales are clearing at low prices. Inventory-based, profit margins are small. Regarding the market outlook, as the domestic and foreign consumer markets continue to recover steadily, it is expected that the market's positive trend in textile enterprises will increase significantly compared to last month.
In terms of production, according to the latest data from the National Bureau of Statistics, China's Manufacturing Purchasing Managers Index (PMI) was 51.0% in August, which was basically the same as the previous month, indicating that the manufacturing industry was generally operating smoothly. In all sub-indices, except for the raw material inventory index and the employee index, the rest of the indexes are in the boom range. The new order index has rebounded for 4 consecutive months, indicating that market demand has recovered; the export order index is 49.1%, a high The 0.7 percentage point last month showed that a series of policies to stabilize foreign trade and foreign investment continued to be released, and manufacturing exports were improving. The questionnaire survey of the China Cotton Banking Association is basically in line with the trend of PMI.
In terms of domestic consumption, in August, the total retail sales of consumer goods was 3,357.1 billion yuan, a year-on-year increase of 0.5%, the first positive growth this year. Among them, the growth rate of apparel, footwear, and knitwear turned negative to positive, up 4.2% year-on-year. It shows that my country has fully restored the normal production and living order, the demand for textiles and clothing has begun to release, and the cotton textile market has also felt the warmth of recovery.
In terms of foreign trade, my country's imports and exports have gradually stabilized and improved. On the one hand, a series of foreign trade stabilization policies and measures promulgated by the State Council this year have been continuously implemented, and the policy effects have continued to be released; on the other hand, as the international epidemic is gradually controlled, international market demand has gradually recovered. According to data from the General Administration of Customs of China, in August, textile and apparel exports were 216.96 billion yuan, a month-on-month increase of 22.6%, of which textile exports were 103.23 billion yuan, a month-on-month increase of 49.7%, and clothing exports were 113.73 billion yuan, a month-on-month increase of 5.2%. From April to August, exports of textiles and clothing increased for five consecutive months. With the increase in production capacity of foreign anti-epidemic materials and the decrease in prices of anti-epidemic products, the growth rate of textile exports in August slowed down compared with the previous period. As the demand for clothing in major markets rebounded, clothing exports rebounded, increasing by 5.2% year-on-year and 4.7% month-on-month.
In August, the raw material purchase index was 51.96, which was in a boom range for three consecutive months. This month, domestic cotton spot prices have generally risen steadily. Zheng cotton futures prices have fluctuated higher, and futures prices have risen more than spot prices. In terms of international cotton prices, the Cotlook A index showed a "W"-shaped trend in the month, and the US Department of Agriculture announced in the middle of the month Global cotton supply and demand forecast monthly report, global cotton production increased by 280,000 tons, and cotton consumption decreased by 270,000 tons. International cotton prices were affected by this news and there was a significant drop. Then market sentiment was restored and prices were corrected. The bidding atmosphere for reserve cotton this month is fierce, and the whole transaction has been maintained. From the price point of view, the transaction price is linked to the fluctuation of cotton price; from the perspective of the transaction volume, the auction reserve of traders is greater than that of textile enterprises. Textile enterprises said that as the auction gradually enters the final stage, it will pay close attention to market conditions and cotton price fluctuations, and choose the opportunity to auction storage and replenishment. In terms of non-cotton fibers, the price of viscose staple fiber steadily decreased slightly, and the direct-spun polyester staple fiber fluctuated slightly. At the beginning of the month, affected by the typhoon and optimistic about the market outlook, the willingness to ship direct-spun polyester shorts decreased, and the quotations of some factories rose. Later, affected by the fluctuation of raw material prices, the prices were adjusted. Specific data, this month the domestic average price of 3128 cotton is 12,605 yuan/ton, up 257 yuan/ton from the previous month; the average CotlookA index is 69.95 cents/lb, up 1.43 cents/lb from the previous month; the average price of mainstream viscose fiber is 8413 yuan/ Ton, a month-on-month decrease of 91 yuan/ton; the average price of 1.4D direct-spun polyester staple was 5472 yuan/ton, a month-on-month increase of 75 yuan/ton.
