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Raw Material Purchasing Index

2021 is the first year of the “14th Five-Year Plan” and a year of special importance in the process of my country’s modernization drive. In January, local clustered epidemics occurred successively in many places in my country, and the production and operation of some enterprises were temporarily affected. With the active response, scientific prevention and control, and precise policies of local governments and relevant departments, the epidemic prevention and control have achieved remarkable results, and economic and social development Stable recovery. In general, the prosperity of my country’s cotton textile industry continues to remain in the expansion range.


In January, the prosperity index of China’s cotton textile industry was 50.80. In terms of raw materials, market prices have expanded. On the eve of the Spring Festival, companies continue to increase their inventory of raw materials, and raw material purchases have increased; in terms of production, sales and inventory, companies have begun to arrange holidays one after another, and production has slowed down. Orders from spinning mills are good, and can basically be scheduled for April-May, and market prices are firm; orders from weaving mills are mainly for domestic sales, and orders can be maintained for 1-2 months, mainly in small batches and multiple varieties. As the Spring Festival approached, logistics was blocked, the overall sales of the company declined slightly, and the product inventory rose slightly.


Production index

In January, the production index was 48.48. According to the coordinated research of China National Cotton Bank, in mid-to-early January, most enterprises started operations at full capacity, and the equipment opening rate basically maintained 100%. In late January, near the Spring Festival, the factory mainly employs local employees and basically arranges holidays in accordance with previous years. There are many migrant workers in the factory. Although the call is for local Chinese New Year, there are still employees who choose to return to their hometown, and the downstream market is gradually clear During the holidays, textile companies have successively arranged for employees to go home early to gradually reduce the opening rate. In January, the operating rate and the production of gauze decreased month-on-month. According to the data from the China National Cotton Bank, in January, 41.48% of companies had a month-on-month decline in yarn production, 49.82% of companies had a month-on-month decline in cloth production, and 28.67% of companies had a month-on-month decline in


Raw Material Purchasing Index

In January, the raw material purchase index was 55.77. From the price point of view, the CotlookA index first rose and then fell in January, with large fluctuations; domestically, domestic cotton prices continued to rise in the first half of the year. In the second half of the year, with the emergence of clusters of epidemics in many places in China, the replenishment of superimposed textile enterprises was nearing the end , Domestic cotton prices have fallen; for chemical fiber staple fibers, the price of viscose staple fibers rose sharply that month, with a cumulative increase of more than 2,000 yuan/ton during the month. Polyester staple fibers showed an upward trend in the first half of the year, and began to decline weakly in the second half of the year. From the perspective of the purchasing situation of cotton spinning enterprises, 58.21% of the companies have increased their purchases of cotton from the previous month, and 53.73% of the companies have increased their purchases of non-cotton fibers.


Specific price data, the average CotlookA index in January was 87.24 US cents/lb, an increase of 6.22 US cents/lb from the previous month, the average price of domestic 3128 cotton was 15,388 yuan/ton, an increase of 499 yuan/ton from the previous month; the average price of mainstream viscose fiber was 12787 yuan /Ton, up 2119 yuan/ton month-on-month; the average price of 1.4D direct-spun polyester staple was 6,261 yuan/ton, up 533 yuan/ton month-on-month.

Post time: Jun-24-2022