Entering the new stage of the "14th Five-Year Plan", the development of the textile industry is faced with many complex internal and external factors. In the context of "double cycle" and "high-quality development", higher requirements are put forward for the transformation and upgrading of the industry. As an industry with comprehensive competitive advantages in China's textile industry chain, cotton textile industry has achieved remarkable transformation and development in recent years, during which the continuous guidance, monitoring and professional services of China Cotton Textile Industry Association are indispensable.

The China Cotton Textile Industry Association (CMA) gathers together large-scale key production enterprises, institutions and social organizations of cotton textile, yarn-dyed, denim and so on. The industrial output value of yarn, fabric and yarn-dyed fabric (including denim) produced by member enterprises accounts for about 70% of the total output value of the national cotton textile industry.

In October, the international environment became more complex and grim, and the downside risks of the world economy increased. The pressure of epidemic prevention and control has been great in China. Relevant departments have stepped up efforts to implement measures to stabilize the economy and actively released the effectiveness of policies. As a result, the national economy has continued to recover. From the perspective of industry, the price of raw materials remains weak, and the purchase of enterprises slows down. Affected by the epidemic, the start-up of enterprises declines. With the slowdown of sales in the terminal market, the inventory of fabric factories began to increase. The enterprises expect the "Double 11" to bring a wave of market conditions.

In October, China's cotton textile climate index was 47.34, down 2.38 from September, indicating that the industry economy fell back. From the sub-index, the 7 sub-indexes of China cotton textile prosperity index all declined compared with September, among which the product inventory index continued to be above the wither and prosperity line, and the other indexes were located below the wither and prosperity line.

Raw material purchasing index

In October, the raw material purchasing index was 47.35, down 2.22 from September. From the market price, due to the delay of the domestic new cotton market, downstream demand has not improved, the domestic cotton price is weak; In terms of chemical staple fiber, the price of polyester staple fiber rose slightly after the National Day and then fell back. The price of viscose market fluctuated significantly, showing an adjustment trend. Specific data, domestic 3128 grade cotton spot monthly average price 15163 yuan/ton, down by 204 yuan/ton, down by 1.32%; 1.4D straight spun polyester short monthly average price 7829 yuan/ton, up 93 yuan/ton, up 1.2%; The average monthly price of mainstream viscose fiber is 13,456 yuan/ton, down by 522 yuan/ton, down by 3.73%. In terms of purchase volume, due to the impact of the epidemic, cotton picking in Xinjiang is slow, the spot supply of new cotton is tight, and the downstream market is depressed, cotton spinning enterprises do not purchase much. Staple fiber procurement is mainly based on rigid demand, and placing orders is relatively prudent.

Raw material inventory index

In October, the raw material inventory index was 47.37, down 1.46 from September. During the month, the price of raw materials fluctuated slightly. In terms of cotton, due to the impact of the epidemic, the cotton transport volume in Xinjiang has decreased and the freight has increased. Cotton spinning enterprises purchase mainland cotton as an alternative, but the replenishment amount is not large. Some enterprises suggest to supply cotton from reserve to meet the production needs of cotton spinning enterprises. In terms of chemical staple fiber, viscose staple fiber is adjusted downward, so cotton spinning enterprises are more cautious in purchasing, polyester staple fiber is purchased on demand, and the inventory is maintained at a low level. From the sub-index, cotton inventory index 47.38, down 0.95 compared with September; Non-cotton fiber inventory index 47.36, down 2.07 from September.

Index of production

In October, the production index stood at 47.65, down 4.02 from September. In that month, the overall opening rate of the industry decreased, mainly for two reasons. First, some enterprises implemented static management due to the need of epidemic prevention and control; Second, the overall market is relatively depressed, orders have not been improved, some enterprises reduce the utilization rate of equipment to maintain business, especially the weaving factory open rate decreased significantly. In the month of cotton textile enterprises equipment opening rate index 47.13, down 4.21 compared with September. In terms of output, the yarn output index was 48.43, down 4.06 from September, and the cloth output index was 47.80, down 3.56 from September.

Product sales index

In October, the product sales index was 46.38, down 2.09 from September. From the market price, gauze trading atmosphere light, prices continue to weaken. In the same month, the average monthly price of 32 pure cotton carded yarn was 23084 yuan/ton, down by 634 yuan/ton, down by 2,63%; the average monthly price of pure cotton grey fabric (32*32 130*70 2/1 47" twill) was 4.82 yuan/meter, down by 0.18 yuan/meter, down by 3.6%. From the market sales, the demand of the downstream market is weak, coupled with the limited logistics in some areas or the rise of freight, the purchase and sales are still cautious to wait and see, gauze goods volume decreased compared to the previous period. In October, the sales index of yarn and cloth was 48.44 and 46.86, respectively, down 4.01 and 3.93 compared with September.

Product inventory index

In October, the product inventory index was 50.24, down 1.4 from September, which was above the withered growth line and in the expansion range. In that month, the product inventory situation of the spinning mill was relatively good, maintaining a low level, and the product inventory of the weaving factory was increasing due to the continued low orders. From the sub-indexes of product inventory index, yarn inventory index was 50.95, decreased by 0.85 compared with September, and continued to stay above the withered and prosperous line. The inventory index was 49.17, down 2.24 from September, which was below the growth line.

Enterprise operating index

In October, the business management index stood at 47.27, down 1.45 from September. In the same month, raw material prices fell, terminal consumption was weak, foreign trade orders continued to decline, textiles, clothing and other cotton fabrics market light, "silver ten" peak season effect is not obvious, enterprises mainly produce fixed customer products, slow capital return, operating pressure is greater. Some enterprises to reduce losses, ensure cash flow as the main business strategy. In October, the main business income index was 47.45, down 1.99 compared with September; The total profit index was 47.08, down 0.92 from September.

Business confidence index

In October, the business confidence index stood at 44.67, down 1.97 from September. With high interest rates, high inflation and the Russia-Ukraine conflict, the global economy is facing severe challenges, and spending power is falling. According to the data of the General Administration of Customs, China's textile and garment exports in October year-on-year and month-on-month decline widened, among which clothing exports fell significantly, down 17% year-on-year. Retail sales of consumer goods fell 0.5 percent year on year in October, with clothing, shoes, hats and textiles down 7.5 percent, according to the National Bureau of Statistics. In the face of weak demand at home and abroad, inflation, enterprises on the future market confidence is limited, more cautious attitude.

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