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Chinese textile industry's raw material inventory dips
28
Oct '13
The raw materials procurement and inventory with the Chinese textile industry decreased in September 2013, compared to the previous month, according to a survey carried out in 17 provinces, considered to be the backbone of the textile industry, by the China Cotton Textile Industry Association.
 
According to the survey, the small and medium textile enterprises have lesser raw material inventory at the moment, and September 2013 data shows that raw materials procurement and product sales of textile enterprises have declined on a month-on-month basis.
 
The September procurement of raw materials was down by 19.14 percent, which included 10.1 percent month-on-month decline in buying of imported raw cotton, and 0.74 percent m-o-m decrease in purchase of non-cotton fibres.
 
In September, the inventory of raw materials with textile enterprises increased by 12.56 percent year-on-year, but decreased by 2.42 percent month-on-month. The inventory of raw cotton rose by 12.4 percent y-o-y, but fell 2.63 percent m-o-m. Imported raw cotton stocks grew 37.05 percent y-o-y and 4.27 percent m-o-m, while stocks of non-cotton fibres increased 13.29 percent y-o-y but dropped 1.49 percent m-o-m.
 
However, the proportion of various types of fibres in the inventory did not change much compared to previous month.
 
Talking about the production situation, the survey found that from January to September this year total yarn production grew by 2.3 percent y-o-y, including pure cotton and pure chemical fibre yarn production which increased by 3.1 percent y-o-y and 3.5 percent y-o-y.
 
During the same period, fabric production rose by 1.1 percent y-o-y, with output of cotton fabric and chemical fibre fabric growing by 1.5 percent y-o-y and 4.6 percent y-o-y, respectively, while production of cotton blended fabric falling by 2.3 percent y-o-y.
 
The inventory of both yarn and fabric increased in varying degrees in September, as sales situation remained sluggish, the data found.
 

Fibre2fashion News Desk - India


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