Analysis of Cotton Textile Industry Operation in the First Quarter of 2013

The results of relevant monthly reports show that in the first quarter, the overall operation of the cotton textile industry is that pure cotton products are better than chemical fiber and blended products. From the output point of view, yarn and cloth production increased slightly; the operating rate of large companies was greater than 90%, which was significantly better than that of small enterprises. Judging from the orders in the second quarter, 90% of the enterprises surveyed had orders that were flat or increased year-on-year. The average cotton stocks of enterprises were about 30 days. Another 1/3 of them were more than 40 days. From January to March, tracking of industrial output value of enterprises increased by 3% year-on-year; industrial sales value increased by 8% year-on-year; revenue from main operations increased by 12% year-on-year; export delivery values ​​decreased year-on-year, with growth in January and February and March. Lower; total profit increased by 3% year-on-year. According to the statistical data of enterprises above designated size compiled by the National Bureau of Statistics, despite the large loss in the cotton spinning industry, the amount of losses has decreased compared to the same period of last year.

In the first quarter, the overall performance of China's cotton textile industry was stable. Cotton prices were an important factor affecting the operation of the industry, but the degree of impact was lower than last year. From January to April, the price of cotton rose steadily. The following behaviors of polyester staple fiber were the main reason. The price of viscose rose first and then fell. Compared with the price in April 2010, the price of cotton rose by 20% year-on-year. Polyester staple fiber and viscose The decrease in the price can reflect that the cotton purchase and storage policy has a considerable supporting effect on the cotton price.

The yarn price rose slightly with the price of cotton since the Spring Festival. The price difference between yarn, cotton and grey cloths and yarns expanded slightly. However, from the actual situation, most companies report that they are basically based on volume. Profit is meager.

In terms of imports and exports, from January to March, cotton imports 1.37 million tons, of which India’s share of cotton increased rapidly. The number of imported cotton yarns continues to grow, totaling 480,000 tons, which is an increase of 52% year-on-year, of which Pakistan and India each have 1/3 of the market share. From January to March, the export of chemical fiber spun yarn maintained a rapid growth with a growth rate of 56%. The export of cotton fabrics also showed a recovery growth.

From January to February, the import and export volume of cotton textiles maintained rapid growth. The import volume increased by 28% year-on-year, and the export volume increased by 31%. From the perspective of the export market, except for the decline in the Japanese market, other export markets are There has been a pick-up, which is worth noting that Vietnam, due to the significant increase in garment exports from Vietnam, has boosted the demand for cotton fabrics imports, and exports to Vietnam have grown significantly.

The investment situation of the cotton textile industry in the first quarter presented two main characteristics. First, the actual investment amount decreased year-on-year, and the new start-up projects showed a recovery growth; second, the spinning investment amount decreased year-on-year, while the weaving investment amount increased year-on-year. For the future situation, the analysis suggests that overall, the market situation this year may be more complex than last year. According to the survey results of the China Cotton Textile Industry Association, regarding the consumption of cotton in 2013, 80% of the surveyed enterprises The company expects the cotton consumption in 2013 to increase or remain the same as last year. Most companies expect the cotton and yarn prices to remain flat or increase in the second quarter.