1. At the beginning of October, the national cotton industry inventory usage was about 36.3 days
A sample survey of the National Cotton Market Monitoring System showed that as of the beginning of October, the average cotton inventory usage of the sampled companies The number of days is approximately 36.3 days (including the quantity of cotton imported into Hong Kong), a decrease of 1.6 days month-on-month and an increase of 1.9 days year-on-year. The national cotton industry inventory is estimated to be approximately 856,000 tons, a month-on-month decrease of 2.9% and a year-on-year increase of 17.3% (see table and figure 1). The cotton industry inventory situation in major provinces across the country varies. The cotton industry inventory discount days in Xinjiang, Jiangsu, and Hebei provinces are relatively high (Figure 2).
2. The willingness to purchase raw materials has significantly decreased month-on-month, and the intention to allocate cotton is low
The purchasing intention survey showed that at the beginning of October, 41.8% of the companies prepared to purchase cotton, a month-on-month decrease of 20.3 percentage points, and a year-on-year decrease of 20.3 percentage points. A decrease of 32.9 percentage points; 56.7% held a wait-and-see attitude, an increase of 21.9 percentage points from the previous month, and an increase of 35.2 percentage points year-on-year; 1.5% of enterprises did not plan to purchase cotton, a decrease of 1.5 percentage points from the previous month, and a decrease of 2.3 percentage points year-on-year (Figure 3 ).
At the beginning of October, 95.5% of the sampled companies planned to stabilize the cotton ratio, an increase of 3.1 percentage points month-on-month and a year-on-year increase of 1.9 percentage points ; No company plans to increase the cotton allocation ratio, a decrease of 1.5 percentage points month-on-month and a year-on-year decrease of 5.1 percentage points; 4.5% of companies plan to reduce the cotton allocation ratio, a month-on-month decrease of 1.6 percentage points and a year-on-year increase of 3.2 percentage points (Figure 4).
3. Corporate capital turnover Situation differentiation and employment situation improved
The capital turnover survey showed that at the beginning of October, 58.2% of the companies had good capital turnover, a decrease of 0.3 percentage points from the previous month and an increase of 2.5 percentage points year-on-year; Those with poor funds accounted for 34.3%, an increase of 5.1 percentage points month-on-month and 3.9 percentage points year-on-year; 7.5% were seriously short of funds, a decrease of 4.8 percentage points month-on-month and 6.5 percentage points year-on-year (Figure 5).
At the beginning of October, 70.1% of the sampled enterprises had normal employment conditions, an increase of 4.5 percentage points month-on-month. A year-on-year increase of 8.1 percentage points; 25.4% of enterprises have poor labor conditions, a decrease of 1.5 percentage points month-on-month and a year-on-year decrease of 3.7 percentage points; 4.5% of enterprises are seriously short of workers, a month-on-month decrease of 3.0 percentage points and a year-on-year decrease of 4.4 percentage points (Figure 6 ).
Four. The operating rate of enterprises decreased slightly from the previous month
At the beginning of October, the operating rate of the sampled companies was 90.6%, a decrease of 1.0 percentage points from the previous month.
5. The production and sales rate of yarn and cloth decreased and product inventory increased
In early October, a sample survey was conducted The enterprise’s yarn production and sales rate was 88.6%, down 2.2 percentage points month-on-month, down 3.6 percentage points year-on-year, and 8.9 percentage points lower than the average level of the same period in the past five years (2015-2019); the inventory was 16.8 days of sales, an increase of 2.0 days month-on-month, It decreased by 5.1 days year-on-year and 4.0 days less than the average level of the same period in the past five years (2015-2019) (Figures 7 and 8). The production and sales rate of cloth was 84.2%, a month-on-month decrease of 0.5 percentage points, a year-on-year decrease of 3.2 percentage points, and a decrease of 8.0 percentage points from the average level of the same period in the past five years (2015-2019); the inventory was 43.4 days of sales, a month-on-month increase of 1.7 days, This is a year-on-year increase of 3.1 days and a decrease of 1.8 days compared with the average level of the same period in the past five years (2015-2019) (Figure 7 and Figure 9).
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