Operation Analysis of China’s cotton textile industry from January to July in 2009
2009 January to July, by the state favorable policies, China’s cotton textile industry, the sharp rebound in investment, profits continued to decline though, but the decline narrowed, the output growth rate slightly. By the upstream raw material price increases, gauze and the market has given rise to the phenomenon of back temperature, but the higher forecasts. The export side, the market situation is still grim.
The sharp rebound in investment
According to the National Bureau of Statistics, 2009 1 July accumulated investment in China’s cotton textile industry, 43.1 billion, representing growth of 5.06% over the same period last year. From the figure we can see that in 2008 2 to 6 month investment in a smaller decline curve is undulating curve, 2009 2 June is a straight up curve. These two years were in July is a special month of decline occurred in 2008 reduced trend growth in 2009 than the cumulative growth rate declined in June, in July 2009 the accumulated investment growth, 5.06%, an increase over the same period 6.58 percentage points, compared with the 2008 investment have emerged signs of warming, but the stability and continued growth in investment, face the test.
Into 2009, the total profits of China’s cotton textile industry started to decline in February reached the lowest, compared with a year earlier, down 11.74 percent, to May, a downward trend in profits has been eased, the total profits of enterprises above designated size decreased by 2.55% , a decline of a narrowing trend.
Production of slow growth
According to the National Bureau of Statistics, 2009 1 July, China’s cotton textile enterprises above designated size total yarn output was 13.0046 million tons, up 10.01%; total cloth production was 30.606 billion meters, up by 1.06%. Since March, gauze tends to produce stable, monthly production is more stable, year on year growth rate of the slow rebound in June, cloth production has finally broken through zero growth, to the total cloth production in July reached the level of a year ago. In fact, the last year gauze production has retreated, so while there is now a small growth, and can not represent the production of fully recovered.
From China’s yarn production in the situation of the province, the provinces have entered in March after a stable period of slow recovery, Fujian Province in the 3,4-two months have a higher growth now also retreated, while Jiangsu Province, broke through a negative growth, gradually move closer to the national average. Cloth output from our province’s situation, although the growth rate of the provinces are beginning to slow recovery, particularly in Guangdong Province to the negative growth in July has been a breakthrough, but the overall situation is still not optimistic, only to have a more significant increase in Hubei Province, and 6, Since the growth rate in July have begun to drop cloth production in the remaining provinces remained negative growth.
Exports continued to decline
2009 1 June, China’s total cotton textiles and cotton apparel exports 28.991 billion U.S. dollars, down 12.73%, of which total exports of cotton textiles 8.368 billion U.S. dollars, down 17.96 percent, total exports of cotton garments 20.623 billion U.S. dollars, down 10.41%. Since March of China’s exports of cotton textiles and cotton clothing slipped further, continuous negative growth makes the current level of exports has fallen from 2007 levels over the same period.
According to customs statistics, 1 in June, China’s total cotton yarn exports of 258.1 thousand tons, down 16.87%; cotton fabrics total exports 2.905 billion meters, down 11.3%. This year, in addition to cotton blended fabric, the other kinds of products are negative growth in export volume, 3 months, cotton blended fabric of the year on year growth rate gradually declined.
Cotton textiles from China’s five major trading markets, export growth situation, the United States, Europe, Japan and the three major market remains depressed, March has been a slight decline in exports; at the same time the growth rate of the ASEAN market have emerged gradually picked up momentum, but the Such an upturn would be subject to the United States, Europe, Japan market downturn constraint.
From the overall situation, due to the major economies of the current global economic situation had not improved, so export growth is still difficult, but the overall export volume and market share perspective, China’s cotton textile exports a competitive advantage is still, so The export enterprises should strengthen their confidence, hard training products internal strength, a new period of economic growth will come.
Improvement in market performance
Material Market: entry in 2009, cotton prices rose slowly, up quicker after the Spring Festival, or increased, by the end of March to early April rose the fastest, 328 standard 1 ton of cotton increased by almost 1,000 yuan. With the flow of raw materials available in the market decline began a steady rise in mid-April. In order to meet the cotton textile industry’s needs, May 22 countries have begun to sell the State Reserve cotton, prices began to increase steadily. In early August, the market transaction prices to compete price-based storage, high prices stabilized after mid-and late fall slightly.
Rapid increases in domestic cotton prices, with the international market spreads gradually widened. 2009 1 June, China’s total raw cotton imports 735,000 tons, down 40.79 percent, the average price of imports is about 9930 yuan / ton; according to a ~ August CotlookA rose by an average equivalent to RMB 10,384 yuan / ton, low – in the first half of 329 Cotton 2116 yuan / ton price. It is noteworthy that carded cotton yarn imports have been increasing, according to statistics, in 2009 1 to June China’s total imports of 19 million tons, an increase of 40.25 percent year on year, an increase of monthly increase.
Into the middle of March, polyester staple fiber by the demand and supply influence began to decline slightly, a slight rebound early April into May to reach the highest value 9,400 yuan / ton then began to decline slowly, to early August because of the lower demand, but also appeared a higher peak and late signs of decline. The upward trend in viscose staple fibers end in early March into slow decline beginning in mid-and late stabilization to early April, mid-lower reaches due to increased demand, prices began to increase. Many enterprises report viscose staple fiber in short supply, many customers waiting for shipment directly to the factory gate, and not the old customers will not buy. Into the smooth running high in June, the same access to higher peak occurs in August. The relationship between the supply price will lead to a period of time high.
Gauze markets: the end of July and early August by the local demand for raw materials and lower reaches of the common warming driven rapid increases in prices of yarn, fabric sales volume and prices also picked up, which is nearly two months there has been a sign of improvement, export Company orders also picked up, it can not be after mid-rise as demand, leading to price stabilization.
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