1. In early November, the national cotton industry inventory usage was about 34.8 days
A sample survey of the National Cotton Market Monitoring System showed that as of early November, the average cotton inventory usage of the sampled companies The number of days is approximately 34.8 days (including the quantity of cotton imported into Hong Kong), a decrease of 1.5 days month-on-month and a decrease of 8.2 days year-on-year. It is estimated that the national cotton industry inventory is about 786,000 tons, a decrease of 4.0% month-on-month and a year-on-year decrease of 13.8% (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, Anhui, and Shaanxi provinces are relatively high (Figure 2).
2. The willingness to purchase raw materials increased month-on-month, and the intention to allocate cotton decreased month-on-month.
The purchasing intention survey showed that in early November, 65.2% of the companies were prepared to purchase cotton, an increase of 23.4 percentage points from the previous month and an increase of 6.8 percentage points year-on-year; 30.4% held a wait-and-see attitude. A decrease of 26.3 percentage points month-on-month and a year-on-year decrease of 8.6 percentage points; 4.3% of companies do not plan to purchase cotton, an increase of 2.9 percentage points month-on-month and a year-on-year increase of 1.7 percentage points (Figure 3).
In early November, 89.9% of the sampled companies planned to stabilize the cotton ratio, a decrease of 5.7 from the previous month. percentage points, a year-on-year decrease of 6.2 percentage points; 1.4% of enterprises plan to increase the cotton allocation ratio, an increase of 1.4 percentage points month-on-month, and a year-on-year decrease of 1.2 percentage points; 8.7% of enterprises plan to reduce the cotton allocation ratio, an increase of 4.2 percentage points month-on-month, and a year-on-year increase of 7.4 percentage points. percentage points (Figure 4).
3. Corporate capital turnover and employment situation weaken
The fund turnover survey showed that at the beginning of November, 56.3% of the companies had good capital turnover, a decrease of 1.9 percentage points from the previous month and a decrease of 3.4 percentage points year-on-year; 31% of the companies had poor capital turnover. The number decreased by 3.3 percentage points month-on-month and increased by 2.4 percentage points year-on-year; 12.7% were seriously short of funds, which increased by 5.2 percentage points month-on-month and 1.0 percentage points year-on-year (Figure 5).
At the beginning of November, 62.3% of the sampled enterprises had normal employment conditions, a month-on-month decrease of 7.8 percentage points. A year-on-year increase of 5.7 percentage points; 27.5% of enterprises have poor labor employment conditions, a month-on-month increase of 2.2 percentage points, a year-on-year decrease of 8.0 percentage points; 10.1% of enterprises are seriously short of workers, a month-on-month increase of 5.7 percentage points, a year-on-year increase of 2.2 percentage points (Figure 6 ).
4. The operating rate of enterprises decreased month-on-month
At the beginning of November, the operating rate of the sampled companies was 88.7%, a decrease of 1.9 percentage points from the previous month.
5. The production and sales rate of yarn and cloth decreased and the inventory of finished products increased
In early November, samples were taken The yarn production and sales rate of the surveyed enterprises was 88.5%, a month-on-month decrease of 0.1 percentage points, a year-on-year decrease of 3.2 percentage points, and a decrease of 7.7 percentage points from the average level of the same period in the past five years (2015-2019); the inventory was 18.2 days of sales, a month-on-month increase of 1.4 days , a year-on-year decrease of 6.5 days, and a decrease of 1.9 days compared with the average level of the same period in the past five years (2015-2019) (Figure 7 and Figure 8). The production and sales rate of cloth was 84.2%, which was the same month-on-month, down 0.8 percentage points year-on-year, and 8.1 percentage points lower than the average level of the same period in the past five years (2015-2019); the inventory was 45.9 days of sales, an increase of 2.5 days month-on-month, and a year-on-year increase of 5.4 days, 1.2 days more than the average for the same period in the past five years (2015-2019) (Figures 7 and 9).
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