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• Time of issue:2020-09-24
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(Summary description)　　In August, the prosperity index of China's cotton textile industry was 49.7, and the industry was running steadily. In terms of raw materials, raw cotton prices rose steadily this month, chemical fiber prices fluctuated slightly, textile enterprises purchased on demand, and raw material inventory was more reasonable; in production and marketing, the production index of this month rebounded to the boom range, orders were significantly improved compared with the previous month, and product inventory pressure decreased; In terms of business performance, the market has obviously recovered this month, and downstream orders have begun to increase. Textile enterprises take advantage of this market to revitalize their inventory, while the cost of raw materials has been rising, and the price increase of yarn and cloth products lags behind. Textile enterprises mainly sell stocks at low prices, and the profit margin is small. For the future market, with the sustained and steady recovery of domestic and foreign consumer markets, it is expected that the proportion of textile enterprises with positive market will increase significantly compared with last month.

　　In terms of production, according to the latest data of the National Bureau of statistics, the purchasing manager index (PMI) of China's manufacturing industry in August was 51.0%, which was basically the same as that of the previous month, indicating that the manufacturing industry was running smoothly. Among the sub indexes, except the raw material inventory index and the employee index, the other indexes are in the booming range. Among them, the new order index has rebounded for four consecutive months, indicating that the market demand has recovered; the export order index was 49.1%, higher than 0.7% of the previous month, indicating that the effects of a series of policies to stabilize foreign trade and foreign investment continued to release, and the export of manufacturing industry further improved. The questionnaire survey of China Cotton Association is basically consistent with the trend of PMI.

　　In terms of domestic consumption, in August, the total retail sales of consumer goods totaled 3357.1 billion yuan, up 0.5% year-on-year, the first positive growth since this year. Among them, the growth rate of clothing, shoes and hats, needles and textiles turned negative to positive, with a year-on-year increase of 4.2%. It shows that China has fully restored the normal production and living order, the demand for textiles and clothing has begun to release, and the cotton textile market has also felt the warmth of recovery.

　　In terms of foreign trade, China's import and export gradually stabilized and improved. On the one hand, since this year, a series of policies and measures to stabilize foreign trade issued by the State Council have been implemented continuously, and the policy effect has been continuously released; on the other hand, with the gradual control of the international epidemic situation, the international market demand has gradually warmed up. According to the data of the General Administration of Customs of China, in August, textile and clothing exports totaled 216.96 billion yuan, up 22.6% month on month. Among them, textile exports reached 103.23 billion yuan, up 49.7% month on month, and clothing exports were 113.73 billion yuan, up 5.2% month on month. From April to August, the export of textiles and clothing increased for five consecutive months. With the increase of production capacity of foreign epidemic prevention materials and the decrease of prices of epidemic prevention products, the growth of textile export in August slowed down compared with the previous period. With the recovery of purchasing demand for clothing in major markets, clothing export rebounded, with a year-on-year growth of 5.2% and a month on month growth of 4.7%.