The operation of the cotton textile industry is basically stable
in At the Third Standing Council and Situation Analysis Meeting of the Third Session of the China Cotton Association, Leng Jinggang of the China Cotton Textile and Weaving Industry Association introduced the situation of the cotton textile and weaving industry.
Judging from the tracked data of 200 large and medium-sized fabric companies, the operating conditions are basically stable. From January to August, yarn and cloth production and sales decreased month-on-month, but increased slightly year-on-year, and inventories increased. The specific data is that yarn output in August decreased by 0.36% month-on-month, and the cumulative year-on-year increase from January to August was 1.07%; sales decreased by 5.94%, year-on-year increased by 2.20%, and inventory increased by 2.25% month-on-month.
Imports of spinning yarn and cotton declined. The price difference between domestic and foreign cotton decreased. The price of viscose staple fiber is firm and viscose spinning yarn is in short supply. It is understood that the annual consumption of viscose staple fiber is about 3 million tons.
In terms of new cotton quality. Last year, cotton generally had a poor response. This year, Xinjiang cotton has not yet been launched on a large scale, and a fundamental improvement in quality cannot be seen. This industry is particularly concerned about this.
The growth of yarn spindles in Xinjiang is eye-catching. According to research in Xinjiang, about 12 million spindles have been installed. The yarn output so far this year is about 600,000 tons, which is the same as last year, of which viscose yarn accounts for about 20 %, Xinjiang’s cotton on-site conversion rate may increase by 5 percentage points from last year, reaching around 20%. Last year, Xinjiang’s cotton textile industry made a profit of about 1 billion.
Suggestion: Whether it is cotton regulation policy or fabric preferential policy, the association recommends that regulation policy should have a long-term mechanism so that companies can effectively control the lead time and stabilize the market and expectations.
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