Behind the decline in textile and apparel exports

Recently, the price of the international cotton market has risen, the price of China's cotton market has remained stable, and the amount of textile exports has rapidly declined. According to data released by the General Administration of Customs, exports of textiles and garments in February were USD 10.88 billion, a decrease of 34%. Among them, textile exports reached US$4.22 billion, down by 28.4%; apparel exports reached US$6.66 billion, down by 37.1%. From January to February, total textile and apparel exports were US$39.49 billion, a decrease of 4%. Among them, textile exports were 14.75 billion U.S. dollars, down 2.1%; apparel exports were 24.74 billion U.S. dollars, down 5.2%. According to industry insiders, the decline in textile exports was mainly due to factors such as weak external demand, slowing domestic demand, and widening domestic and overseas cotton spreads.

Imports reduce export decline

According to statistics of the General Administration of Customs, in February, China imported 246,000 tons of cotton, a year-on-year decrease of 133,000 tons, a decrease of 35%; from January to February, China imported 539,000 tons of cotton, a year-on-year decrease of 297,000 tons, a decrease of 35.5%; The import of cotton reached 1.663 million tons, a year-on-year decrease of 24.6%.

In February, the average monthly price of 32 cotton carded yarns was RMB 25,538/ton, which was RMB 23/ton or 0.1% lower than that in January; the average monthly price of polyester staple fiber was RMB 9403/ton, which was RMB 171/ton lower than that in January. , a decrease of 1.8%.

In addition, according to statistics from the National Bureau of Statistics, yarn production in China from January to February was 5.152 million tons, an increase of 5.3% year-on-year. In 2013, yarn production in China was 18.502 million tons, an increase of 6.4% year-on-year. According to statistics of the General Administration of Customs, China's textile and apparel exports in February reached US$ 10.87 billion, a year-on-year decrease of 34%. In January-February, exports of textiles and garments totaled US$ 39.49 billion, down 4.1% year-on-year. In 2013, China’s textile and apparel exports totaled USD 140.62 billion, an increase of 4.8% year-on-year. As for the rapid decline in China's textile exports, the industry believes that this is inseparable from the slowdown in market demand, and the constant increase in domestic and foreign cotton prices also restricts China’s textile exports from rising.

International cotton prices continue to rise

Although China’s cotton exports have rapidly declined, US cotton exports have remained strong and have pushed up the price of cotton on the international market.

It is understood that in February, the quoted price of imported cotton in China's main ports was calculated at 1% tariff of 15099 yuan/ton, which was 405 yuan/ton higher than that in January, or a 2.8% increase; it was calculated at a sliding tax of 15,877 yuan/ton. January rose 298 yuan / ton, or 1.9%. New York Cotton ** March contract settled at 86.84 cents/lb, up 1.97 cents/lb from February, or 2.3%. In this regard, analysts said that the recent rise in international cotton prices, mainly by the international textile companies make up the inventory and the expected decline in the global cotton acreage and other factors.

Textile companies do not desire to buy cotton

In recent days, the domestic textile market has continued to have a desolated market, and some textile companies are under great pressure to withdraw funds. Most large and medium-sized enterprises have sufficient industrial inventories, and textile companies are generally less willing to buy cotton. The domestic cotton spot price has basically stabilized.

According to the national cotton market monitoring system, as of the end of February, the nationwide seed cotton sales rate (accounting for the proportion of picked crops) was 96.7%, and the cotton processing enterprises' new cotton processing rate (accounted for the proportion of already sold) was 98.9%, which was basically the same as last year. At the same level, the sales rate of new cotton (accounted for processed shares, including deposits) was 94.6%, an acceleration of 0.6% year-on-year. Among them, Xinjiang Xinmian was sold and processed basically, with a sales rate of 98.4%, which was 3.2% higher than the same period of last year.

In February, the average purchase price of Mainland seed cotton was 4.26 yuan/kg, up 0.05 yuan/kg from January, or 1.2%; the average purchase price of Xinjiang seed cotton was 4.11 yuan/kg, unchanged from January. The average sales price of standard lint in the Mainland was 19,349 yuan/ton, down by 28 yuan/ton or 0.1% from January; the average price of Xinjiang standard lard sales was 1,862 yuan/ton, which was the same as that in January. Zhengzhou Cotton ** contract settlement price in recent months 19,783 yuan / ton, compared with January rose 297 yuan / ton, or 1.5%; National Cotton Exchange Electronics

The average price of the contracted trading contract in recent months was 19,146 yuan per ton, up by 199 yuan per ton from January, or an increase of 1.1%.

In addition, on February 17th, 2013, temporary storage was resumed after the inspection of the Spring Festival. As of the end of February, cumulative sales of storage in 2013 totaled 5.924 million tons, of which 1.896 million tons were sold in the Mainland and 3.928 million tons were sold in Xinjiang; cumulative sales of reserved cotton accounted for 594,000 tons.