On February 10, the General Administration of Customs issued the latest data on China's foreign trade import and export. Statistics show that in January this year, China's textile and garment exports 23.904 billion US dollars, an increase of 2.5%. Among them, textile yarn, fabric and products exports 9.584 billion US dollars, an increase of 3.5%; clothing and clothing accessories exports 14.32 billion US dollars, an increase of 1.9%. Imports, China's textile yarn, fabric and products in January imports 1.24 billion US dollars, down 3.0%.
Resources: China 's textile industry
Resources: China 's textile industry
2016/2017, China's cotton production is expected to continue to decline, while consumption is expected to moderate increase in the year .and further expand the supply gap, cotton prices will further upward. At the beginning of 2017, the downstream textile enterprises actively replenish the domestic cotton prices gradually. Whether the reserve cotton sell, or capacity changes, the downstream replenishment, the domestic cotton price fluctuations in the final analysis is caused by supply and demand.
2016/2017, China's cotton production is expected to continue to decline, while consumption is expected to moderate increase in the year to further expand the supply gap, cotton prices will further upward.
Global ending stocks declined again
January US farmers report, 2016/2017 annual global cotton production was once again raised 240,000 tons. The index has been raised for five consecutive months. Among them, China's cotton production increased 220,000 tons, which is expected in the 6 months after the first increase in production data unchanged; US cotton production increased 90,000 tons. At the same time, global cotton consumption down 3 million tons, mainly due to India's consumption is expected to decline.
Yarn production growth picked up
According to the National Bureau of Statistics data, in January-December 2016, China's yarn production of 42.418 million tons, an increase of 1.943 million tons, the growth rate of 4.8% over the same period in 2015 increased by 1 percentage point. China's yarn production growth after 2013,2014,2015 for three consecutive years of decline in 2016 after the rebound.
Cotton price ratio has declined
With the implementation of cotton direct subsidy policy, the domestic cotton prices fell sharply, cotton prices fell, or even inverted phenomenon. 2016 year-to-date, cotton daily average price of 0.9387, compared with the same period in 2015 decreased 0.0982 over the same period in 2014 fell 0.492. At the same time, cotton price fluctuations in the normal range, there is no obvious trend of change. Cotton sticky price lower, slowing down the chemical fiber substitution rate of cotton, is conducive to the promotion of domestic cotton consumption.
Textile finished goods inventory decreased
As of December 2016, China's textile and apparel retail sales of 1.4433 trillion yuan, an increase of 7%, an increase over the same period in 2015 decreased by 0.29 percentage points, the decline over the same period in 2015 convergence 2.44 percentage points. Before 2013, China's textile and garment retail sales growth in a period of rapid growth, year on year increase of more than 20%. In 2013, the increase began to decline. By 2015, the increase will drop to less than 10%.
Terminal exit slowdown
According to the latest data of the General Administration of Customs, China's textile and apparel exports totaled US $ 267.235 billion in the first 12 months of 2016, down by US $ 16.665 billion compared with the same period in 2015, representing a decrease of 0.98 percentage point over the same period in 2015, to 5.87%. Exports of textile yarn, fabrics and products amounted to US $ 106.217 billion, down by 3.04% year-on-year, down by 0.69 percentage point over the same period in 2015. Exports of clothing and accessories were US $ 161.018 billion, down by 7.65% year-on-year, Percentage points. End product from the domestic and international sales data, China's textile industry downstream consumption slightly warmer.
Source: Futures Daily
2016/2017, China's cotton production is expected to continue to decline, while consumption is expected to moderate increase in the year to further expand the supply gap, cotton prices will further upward.
Global ending stocks declined again
January US farmers report, 2016/2017 annual global cotton production was once again raised 240,000 tons. The index has been raised for five consecutive months. Among them, China's cotton production increased 220,000 tons, which is expected in the 6 months after the first increase in production data unchanged; US cotton production increased 90,000 tons. At the same time, global cotton consumption down 3 million tons, mainly due to India's consumption is expected to decline.
Yarn production growth picked up
According to the National Bureau of Statistics data, in January-December 2016, China's yarn production of 42.418 million tons, an increase of 1.943 million tons, the growth rate of 4.8% over the same period in 2015 increased by 1 percentage point. China's yarn production growth after 2013,2014,2015 for three consecutive years of decline in 2016 after the rebound.
Cotton price ratio has declined
With the implementation of cotton direct subsidy policy, the domestic cotton prices fell sharply, cotton prices fell, or even inverted phenomenon. 2016 year-to-date, cotton daily average price of 0.9387, compared with the same period in 2015 decreased 0.0982 over the same period in 2014 fell 0.492. At the same time, cotton price fluctuations in the normal range, there is no obvious trend of change. Cotton sticky price lower, slowing down the chemical fiber substitution rate of cotton, is conducive to the promotion of domestic cotton consumption.
Textile finished goods inventory decreased
As of December 2016, China's textile and apparel retail sales of 1.4433 trillion yuan, an increase of 7%, an increase over the same period in 2015 decreased by 0.29 percentage points, the decline over the same period in 2015 convergence 2.44 percentage points. Before 2013, China's textile and garment retail sales growth in a period of rapid growth, year on year increase of more than 20%. In 2013, the increase began to decline. By 2015, the increase will drop to less than 10%.
Terminal exit slowdown
According to the latest data of the General Administration of Customs, China's textile and apparel exports totaled US $ 267.235 billion in the first 12 months of 2016, down by US $ 16.665 billion compared with the same period in 2015, representing a decrease of 0.98 percentage point over the same period in 2015, to 5.87%. Exports of textile yarn, fabrics and products amounted to US $ 106.217 billion, down by 3.04% year-on-year, down by 0.69 percentage point over the same period in 2015. Exports of clothing and accessories were US $ 161.018 billion, down by 7.65% year-on-year, Percentage points. End product from the domestic and international sales data, China's textile industry downstream consumption slightly warmer.
Source: Futures Daily
