From January to May, the growth rate of Sichuan's cotton textile continued to slow

In this report, production rebounded in May, but output and sales fell.

According to statistics from the National Bureau of Statistics, the output of cotton textile yarns and cloths in Sichuan Province rebounded sharply in May. The monthly yarn production was 79,300 tons, an increase of 21.73% compared with the previous period; the cloth output was 138 million meters, an increase of 17.39% compared to the previous period. From January to May, the cumulative yarn production was 364,400 tons, an increase of 33.99% year-on-year; the cumulative production was 618 million meters, a year-on-year increase of 13.67%.

However, the output value and sales growth have both declined slightly. According to statistics, from January to May, Sichuan's cotton textile industry achieved an industrial output value of 15.886 billion yuan, a year-on-year increase of 43.39%, a fall of 8.17 percentage points from 51.56% in the first four months of April; from January to May, the main business revenue was 14.38 billion yuan. The year-on-year increase was 51.93%, which was 3.43 percentage points lower than the 55.36% in January-April period. The sales-to-sales rate was 97.78%, which was 0.04 percentage points lower than that in the first four months.

The decline in cotton prices and changes in the structure of the species are the main reasons for the decline. Since the Spring Festival this year, the price of cotton has shown a sharp downward trend in the ups and downs of fluctuations. The price of grade 3 cotton has fallen from 33,000 yuan/ton to 25,800 yuan/month in May. Around the ton, the prices of yarn and cloth also fell accordingly. In May, 40 cotton yarns were 35,000 yuan/ton, which was more than 15% lower than the 41,000 yuan/ton at the beginning of the year; 32 cotton yarns were 33,000 yuan/ton. t, a decrease of 16% from the beginning of the year of 39,000 yuan / ton; 32 x 32 130 x 70 63 "the cotton twill is 10.00 yuan / meter, down 18.70% from the beginning of the year. This should be the main reason for the economic growth of Sichuan cotton textile decline. Followed by the adjustment of product structure, each textile company reduced the amount of cotton and changed the production of polyester-cotton blended yarns and cloths in order to maintain its operation and survival, and in May, the price of Sichuan Dahua Fibers and polyesters was 1.28-13.5 million yuan per ton. Chemical fiber polyester is short of 1.12-1.14 thousand yuan/ton, and the price of cotton is 50% and 56%, respectively, while T65/C35 32×32 130×70 63” (large chemical fiber) polyester/cotton twill is 9.60 yuan/meter, and equivalent. The price difference of pure cotton products is 4%. The more popular T80/C20 21×21 108×58 63” (China Chemical Fiber) polyester-cotton yarn card price is only 8.00 yuan/meter, so the use of chemical fiber to replace cotton is another reason for the slowdown in the economic growth of Sichuan's cotton textile. It has enabled all small and medium-sized cotton textile companies to continue to survive. Taxes are due to increase, and the increase in total profit has declined.

From January to May, Sichuan textile and textile industry realized a total tax of 361 million yuan, a year-on-year increase of 34.18%, an increase of 8.24 percentage points over the increase of 25.99% in January-April, and the accumulative tax increase was basically in line with the increase in production and sales. The total profit realized was 679 million yuan, an increase of 81.12% compared with the same period of last year, and a decrease of 11.51 percentage points compared with the increase of 92.63% in the first four months. The sales profit rate was 4.71%, which was 0.25 percentage point lower than that in the first four months.

It is worth paying attention to the industry that, at the end of May, the province’s capital expenditure on cotton textile products reached 982 million yuan, an increase of 61 million yuan from the end of April, an increase of 6.62%, an increase of 36.34% over the same period of last year. The recent national regulatory policies are still mainly aimed at curbing inflation. The National Development and Reform Commission expects that the economic growth rate will continue to slow in the second half of the year. Therefore, it is still difficult for textile companies to digest inventory in the second half of the year. Efforts must be made to balance the production and sales of enterprises and avoid blindly expanding production. At the same time, each textile company must pay close attention to changes in the market of cotton. Pay attention to the main trend of the cotton market. At present, the ups and downs of the period and the market are still more than volatility. Hype is its main content; the spot market is falling rapidly, and the regulation and the new cotton situation are the main influencing factors. The cotton price is approaching the state's purchasing and storage prices. It is hoped that the textile companies will pay attention to the opportunities and prepare for the new cotton's annual production and operation.