In The Third Quarter, Textile Efficiency Fell By &Nbsp; Cotton Enterprises Mainly Paid For Storage.

Affected by high cotton prices and reduced textile exports, the textile industry has been running very hard in the second half of the year. Deficit Substantial increase, profit growth slowed down sharply, capital of finished products continued to increase, raw material inventories significantly reduced. From the industry perspective, cotton spinning and processing industry and man-made fiber industry are more prominent. Affected by the operational difficulties of the textile industry, new cotton Sale It is very light, and prices continue to slow down. Cotton management New cotton purchased by enterprises is mainly used for storage.

The profit growth rate of textile industry dropped sharply in the first and three quarters, especially in September.

In 1-9 months, the total profit of the textile industry was 190 billion 37 million yuan, an increase of 32.5% over the previous year, of which 37 billion 519 million yuan in the third quarter, an increase of 19.2% over the previous year, and the growth rate dropped 22.1 percentage points over the first half of the year. The growth rate in 7-9 months was 23.4%, 25.5% and 10.1% respectively, and the growth rate showed a downward trend. In different sectors,

The total profit of cotton textile processing industry in 1-9 months was 56 billion 197 million yuan, an increase of 34.9% over the same period last year, of which the third quarter increased by 12.2%, and its growth rate dropped 37.2 percentage points over the first half of the year. The growth rate in 7-9 months was 25.1%, 7.5% and 6.6% respectively.

The total profit of printing and dyeing industry in 1-9 months was 9 billion 908 million yuan, an increase of 12.1% over the previous year, of which the average growth rate in the three quarter was 6.4%. The growth rate dropped 5.7 percentage points from the first half of the year, and the growth rate in 7-9 months was -9.7%, 35.1% and -7.9% respectively. That is, in the three months, except for the sharp increase in August, the other two months were negative growth.

The total profit of needle and cotton industry in 1-9 months was 18 billion 103 million yuan, an increase of 22.2% over the same period last year. The three quarter increased by 16.7%, the growth rate dropped 9.4 percentage points from the first half of the year, and the growth rate in 7-9 months was 18.7%, 30.2% and 2.7%, that is, a slight increase in September.

In 1-9, the chemical fiber industry achieved a profit of 22 billion 945 million yuan, an increase of 29.7% over the same period last year. In the three quarter, the growth rate was 1.1%, and the growth rate dropped by 48.7 percentage points over the first half of the year. The growth rate in 7-9 months was 0.1%, 30.7% and -21.8% respectively. Among them, the total profit of the man-made fiber industry in the 1-9 months was 25.4% year-on-year, with a negative increase of 93% in the third quarter. In the three quarter of the third quarter, there were two months of loss for the whole industry, that is, the loss in July was 132 million yuan in a single month and 69 million yuan in September. Polyester fiber slightly better than man-made fiber industry, 1-9 month profit increased by 53.2%, but the third quarter only increased by 15.8%, the growth rate dropped 76.3 percentage points compared with the first half. The growth rate in 7-9 months was 26.3%, 35.4% and -8.3% respectively, that is, negative growth in September. Table 1

Total profit in 2011 1-9 (Table 1)

Two, the loss of deficit companies has increased significantly.

By the end of 9, in the 35 thousand and 600 Textile Enterprises above the national scale, 4218 enterprises were losing money and 11.9% were losing money. Deficit companies lost 10 billion 550 million yuan, an increase of 51.2% over the same period last year. The first half of this year was 6 billion 483 million yuan, and the deficit increased by 4 billion 67 million yuan in the third quarter (only 869 million yuan in the same period last year). The deficit grew from 6.1% in the first half year to 4.7 times in the third quarter. In September, the deficit increased by 1 billion 850 million yuan in the month, accounting for 45.5% of the increase in the third quarter, and the deficit of deficit companies showed an expansion trend. According to the industry, the loss of cotton textile processing and man-made fiber industry is more prominent.

Cotton textile processing industry at the end of 9, the loss side was 10.6%, and the 1-9 month deficit enterprises accumulated losses 2 billion 839 million yuan, an increase of 73.1% over the same period last year. A loss of 1 billion 77 million yuan in the first half of the year and a loss of 1 billion 762 million yuan in the third quarter (accounting for 62% of the total loss in the 1-9 months). The rate of growth increased from 28.7% in the first half of the year to third times in the third quarter (only 120 million loss in the three quarter last year), with the loss of 793 million yuan in September.

The man-made fiber industry lost 19.31% of its profit at the end of 9, which is the largest industry in the textile industry. In the 1-9 months, the total deficit of the deficit companies was 1 billion 76 million yuan, 3.2 times that of the same period last year. A loss of 487 million yuan in the first half and a loss of 589 million yuan in the third quarter. The increase in losses increased from 1.6 times in the first half to 2.9 times in the third quarter. In July and September, the deficit increased by 257 million and 260 million yuan respectively in the single month, accounting for 87.8% of the third quarter. Table two

2011, 1-9 months, the loss of industry deficit enterprises (table two)

Three, finished product funds continue to rise, raw materials inventory dropped to varying degrees.

At the end of 9, the national textile industry finished product capital of 233 billion 89 million yuan, an increase of 30.3% over the same period last year. Judging from the absolute amount, it showed a significant upward trend, that is, from about 180000000000 at the beginning of the year to 221 billion in the first half of the year to 9 at the end of the month, reflecting the increasing pressure on textile industry inventory. At the end of 9, raw materials and other items in the textile industry were inventories of 279 billion 820 million yuan, up 27.5% from the same period last year. The growth rate dropped 1.8 percentage points from the first half of the year, 2.8 points lower than that of finished products, reflecting the continuous reduction of raw material stocks. In terms of industry, the inventory of raw materials for cotton textile processing is reduced significantly.

At the end of 9, the finished product capital of cotton textile processing industry was 63 billion 800 million yuan, up 37.8% from the same period last year, and the growth rate dropped 5.2 percentage points over the first half of the year. The reason for the slowdown is mainly that the sales of products began to decline in the second half of last year, and the capital of finished products increased. Followed by the second half of this year, price reduction and decompression, in September, finished product funds slightly reduced slightly, the end of 9, compared with the end of 8 yuan to reduce by 500 million yuan, but the pattern of high-end capital remained unchanged, finished product funds still high 75 billion yuan. Raw materials inventories showed a downward trend. At the end of 9, raw materials and other stock funds were 76 billion 727 million yuan, up 30.6% from the same period last year, although the growth rate was basically the same as that in the first half of the year, but the absolute amount showed a downward trend, from 80 billion yuan in the first half to 76 billion 700 million at the end of 9, reflecting a significant reduction in raw material inventories.

According to the China Cotton Textile Association's survey data of 90 cotton textile enterprises, the raw materials inventory of cotton spinning enterprises surveyed in 1-10 months has decreased by 17.39% compared with the same period last year, of which cotton inventories dropped by 17.85% and imported cotton inventories decreased by 13.48% compared with the same period last year. Finished goods inventories grew by 52.1% compared with the same period last year, of which the stock of purified yarn has increased by more than 1 times, and the stock of cloth products has increased by 44.7%. Table three

2011, 1-9 months, the finished product capital and raw material inventory of the industry (table three)

Three, export growth continued to decline, especially in Europe and the United States.

In the 1-10 months of 2011, China's textile and apparel exports were US $205 billion 820 million, an increase of 22.8% over the same period last year. However, the number of exports decreased by 0.8% compared with the same period last year, and the price rose by 23.6%. Textile exports amounted to $78 billion 380 million, an increase of 25.1% over the same period (with a slight increase of 4.6% in exports and a 20.54% rise in price). Clothing exports stood at 127 billion 440 million US dollars, up 21.4% over the same period last year (of which 3% in volume and 24.4% in price).

From the perspective of the dynamic growth of export growth, the growth rate has gradually declined. The growth rate of textile and garment exports dropped from 25.8% in the first half to 19.5% in 7-10, of which the growth rate in September and October dropped to 14.8% and 10.4% respectively. Textile exports slowed slightly, from 28.8% in the first half to 20.3% in 7-10, up 16.6% and 18.4% in September and October respectively. The slippage speed of clothing exports was more obvious, from 23.7% in the first half to 7-10 in 19%, of which 13.9% in September and 6% in October.

Shandong Wei bridge continued negative growth for 6 consecutive months. In 1-10 months, Wei Qiao exported 573 million US dollars, down 11.9% compared to the same period last year. Among them, 5-10 months decreased by 49.5% compared with the same period last year, 6 consecutive months of negative growth, of which 5-8 months decreased by 54.1%, 73.8%, 56.8% and 43.8% respectively, compared with a decrease of 49.2% in the same month in October. Wei Qiao chart

From the perspective of export countries, exports to Europe and the United States decline significantly. Exports to the EU amounted to $45 billion 50 million in 1-10 months, up 23.9% from the same period last year. The growth rate dropped from 28.9% in the first half to 18.5% in 7-10 months, with 5.7% and 0.5% growth in September and October respectively. Exports to the US for 1-10 months amounted to US $31 billion 610 million, an increase of 11.5% over the same period last year. The growth rate dropped from 14.2% in the first half to 8.9% in October. In September and October, it increased by 5.7% and 1.7% respectively. If the price factor is eliminated, China's textile and clothing will increase negatively. Affected by the EU crisis, textile and garment export prospects are not optimistic. Table four

Textile and garment export market in 1-10 2011 (table four)

From the perspective of export products, the continuous growth of pure cotton products, the growth rate of chemical fiber products gradually dropped, and the export of finished products was inferior to that of semi-finished products.

Export cotton yarn 340 thousand tons in 1-10 months, down 24.4% compared with the same period last year, which dropped by 20.2% in the first half, 32.8% in 7-10 months, and 6 billion 200 million meters in cotton exports in the same period, down 3.5% from the same period last year, which decreased by 1.9% in the first half, 10.3% in 7-10 months, and decreased in September and October respectively.

1-10 month chemical yarn exports 1 million 595 thousand tons, an increase of 11.9% over the previous year, of which 16.8% increased in the first half, 3.5% in 7-10 months, 4.3% and 6.6% in 9-10 months respectively, and 12 billion 240 million meters in chemical fiber exports, an increase of 16.5% over the same period last year, with the growth in the first half of the year being 16.5%, the month of month growth, and the growth of the export of chemical fiber garments, representing a year-on-year increase, with the growth in the first half of the year, the growth rate of the month and month, and the negative growth in October. Table five

Export volume of major products in 1-10 months 2011 (table five)

In 1-10 months, the total export volume of domestic textile products was 17 billion 330 million US dollars, an increase of 14.4%, an increase of 10.6 percentage points from the same period last year. At the same time, the export average price increased by 18.8% and the export volume decreased by 3.7%. Since the two quarter, home textile exports to the United States are in a doldrums, and the prospects are worrying. In 1-10 months, exports to the United States increased by 4 billion 620 million US dollars, a slight increase of 1.7%. For example, the current export situation is expected to show negative growth throughout the whole year. Exports to the EU have maintained steady growth, with an export volume of US $3 billion 240 million, an increase of 11.3%. Exports to Japan continued to grow rapidly, with exports of US $2 billion 420 million and US growth by 31.8%.

Four, textile enterprises benefit decline, cotton purchasing capacity weakened, cotton sales slack, cotton storage increased significantly.

To sum up, the economic benefits of the textile industry have declined significantly in the second half of the year. Enterprises have been operating hard, the number of enterprises that have stopped production or half stop production has been increasing, and the purchasing power of cotton has been seriously inadequate, leading to the sale of cotton after the new cotton market is very light. The cotton purchased by the qualified cotton enterprises is the main selling channel of "delivery and storage".

According to the national cotton market monitoring system, by the end of October, the national new seed cotton sale rate was 55.4%, down 11.9 percentage points compared with the same period last year. The cotton processing rate was 45.7%, down 2.5 percentage points compared with that of the previous year, and the sales rate of new cotton was 21.1%, up 9.3 percentage points over the same period last year. At this rate, 4 million 30 thousand tons were acquired in 9-10 months, processing 1 million 840 thousand tons and selling about 390 thousand tons. In the 9-10 month, the state reserve cotton store and store 117 thousand and 900 tons, accounting for 30.2% of the total sales, that is, account for more than 1/3 of the total sales volume. As cotton prices continued to fall below 19800 yuan, cotton business enterprises' enthusiasm for storage increased. After October, the reserves increased significantly, of which 918 thousand and 100 tons were delivered in November. As of December 14th, the country has accumulated 1 million 531 thousand and 300 tons of storage, accounting for 21% of the estimated annual cotton output of 7 million 280 thousand tons.

From the scale of the storage enterprises, as of December 15th, the approved storage enterprises reached 858. There are many warehouses with full capacity of cotton storage.

Cotton imports increased substantially. As the price gap between inside and outside cotton has been expanding, cotton imports have been climbing month by month. Since August this year, the import volume of single month has increased by more than 200 thousand tons, of which 378 thousand tons in November. In the 9-11 month of the new flower year, 883 thousand tons of cotton have been imported, an increase of 108.7% over the same period. With the expansion of domestic cotton reserves, it is expected that the latter will increase further. Cotton map

Cotton price trend, domestic cotton prices since late October fell 19800 yuan since it has continued to decline trend, because there are 19800 yuan storage price convoy, the fall is not large, slow. In October, it dropped 560 yuan, down 370 yuan in November, and had a concussion at 19000 yuan. From the overall trend, the operation is relatively stable. However, with the increasing storage and storage, the spot market resources will gradually reduce, and domestic cotton prices will likely show a slow recovery process, especially the high and middle grade cotton prices. Recently, cotton importers are stepping up cotton imports from several cotton importers, and imported cotton will form a certain degree of hedging against domestic cotton prices.