Cotton analysis of cotton textile industry market trends in January 2017
Abstract: In January 2017, cotton prices declined weakly and stabilized, polyester staple fiber prices fell slightly, and mainstream viscose fiber prices were stable; with the Spring Festival approaching, cotton textile companies’ raw material procurement and inventory increased; domestic yarn production and sales increased, cloth production and sales decreased, and yarn and cloth inventories decreased; textile exports increased slightly month-on-month. Raw material procurement and inventory both increased. In December, domestic cotton prices fell weakly. After discounting the 1% tariff, domestic and foreign cotton prices
In January 2017, cotton prices declined weakly and trended In Ping An, the price of polyester staple fiber fell slightly, and the price of mainstream viscose fiber was stable; as the Spring Festival approaches, cotton textile enterprises’ raw material procurement and inventory increased; domestic yarn production and sales increased, cloth production and sales decreased, yarn and cloth inventories Both decreased; textile exports increased slightly month-on-month.
Raw material procurement and inventory increased
In December, domestic cotton prices fell weakly. After discounting the 1% tariff, the price difference between domestic and foreign cotton prices decreased slightly month-on-month. As the Spring Festival approaches, companies have increased their cotton preparations. Tracking data shows that raw cotton purchases and inventories increased by 15.2% and 5.7% month-on-month respectively. As of January 17, the inspection volume of new cotton was approximately 17.52 million bales and 3.97 million tons. The spot cotton stock is relatively sufficient and the price is stable. Textile companies are still relatively active in purchasing in preparation for the start of construction after the new year.
In December, international oil prices fluctuated and rose. The price of 1.4D direct-spun polyester staple fiber was basically similar to the trend, rising by 13.0%; the price of mainstream viscose staple fiber bottomed out and rose by 9.5%. . Tracking data shows that non-cotton fiber purchases and inventories increased by 5.4% and 3.7% month-on-month respectively. Entering January, oil prices fluctuated and fell. As of the 19th, the price was quoted at US$51.1/barrel, down 2.2% in January. The price of polyester staple fiber fluctuated accordingly. As of the 19th, the quoted price of polyester staple fiber was 8,240 yuan/ton, down 2.1% in January. Enterprises were cautious in purchasing. The price of viscose staple fiber was stable. As of the 19th, the quoted price was 16,700 yuan/ton, which was the same as at the beginning of the month. , the price per ton is about 1,020 yuan higher than cotton, and corporate inventories remain stable.
Production is stable and exports continue to pick up
Cotton prices fell slightly in December, chemical fiber staple prices rose, and the overall operation of spinning enterprises was stable. Tracking data showed that domestic spinning production increased by 2.9% month-on-month, and weaving production increased month-on-month. down 0.7%. According to new statistics from the General Administration of Customs of China, in December 2016, my country’s textile and apparel exports were US$23.433 billion, a month-on-month increase of 8.37% and a year-on-year decrease of 13.05%. Among them, the export value of textiles (including textile yarns, fabrics and products) was US$9.156 billion, a year-on-year decrease of 6.67%; the export value of clothing (including clothing and clothing accessories) was US$14.277 billion, a year-on-year decrease of 16.70%. From January to December 2016, my country’s cumulative export volume of textiles and clothing was US$262.444 billion, a year-on-year decrease of 7.58%, of which the cumulative export volume of textiles was US$104.987 billion, a year-on-year decrease of 4.1%; the cumulative export volume of clothing was US$157.457 billion, a decrease of 9.6% year-on-year. %.
The sales of pure cotton yarn and cloth are mixed, while the sales of chemical fiber yarn and cloth are increasing
Cotton prices weakened in December, while pure cotton yarn and cloth prices were relatively strong. The quotation of pure cotton yarn CY C32 was the same as the price at the beginning of the month, and the quotation of pure cotton cloth CY G 32 increased by 0.2%; tracking Data show that sales of pure cotton yarn and cloth increased by 1.9% month-on-month respectively, while cloth sales fell by 0.9%. Entering January, cotton prices declined weakly and stabilized, while yarn and cloth prices rose slightly. As of the 19th, the quotations of pure cotton yarn CY C32 and cloth CGC32 were 23,225 yuan/ton and 5.685 yuan/meter respectively, both increased by 0.4%. The increase in product prices may be beneficial to sales.
In December, as the price of chemical fiber staple fiber raw materials increased, the prices of chemical fiber yarns changed accordingly. The quotation of CY T32 increased by 6.9% month-on-month; the quotation of CYR30 increased by 7.3% month-on-month, and the price of CG R30 gray cloth The quotation increased by 0.2% month-on-month. Rising prices are beneficial to corporate sales. Tracking data shows that sales of chemical fiber yarn and cloth increased by 7.1% and 5.9% respectively. Entering January, the price of polyester staple fiber gradually weakened, and the price quotation of polyester staple fiber yarn dropped. As of the 19th, the quotation of CY T32 was 12,500 yuan/ton, down 1.6% in January; the price of viscose staple fiber was stable, and the price of viscose yarn and cloth Prices have stabilized. As of the 19th, the prices of CY R30 and CGR30 were quoted at 22,100 yuan/ton and 4.56 yuan/meter respectively, which was the same as at the beginning of the month. Judging from the trend of raw material prices, the price of chemical fiber staple fiber is less likely to fluctuate in the short term, and sales may be stable.
Product inventory
Enterprise product inventories dropped in December. Tracking data showed that yarn and cloth inventories fell by 2.4% and 2.7% month-on-month respectively. Entering January, it’s time toDuring the Spring Festival, companies may continue to reduce product inventories to raise funds to prepare for the new year.
AAA
Cotton analysis of cotton textile industry market trends in January 2017
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.
AA
