On December 26, the China Cotton Textile Industry Association held a symposium on the operation of the cotton textile economy in Beijing. Wang Tiankai, President of China Textile Industry Federation, Gao Yong, Vice President and Secretary General, Xu Wenying, Vice Chairman, Yang Shibin, Assistant to the President, and Sun Huaibin, Director of the Ministry of Industry attended the meeting.
From the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Agriculture, the China Cotton Association, the Central Reserve Cotton Management Corporation, the China Cotton Information Center, the National Cotton Exchange and other departments and agencies responsible person to the meeting. Representatives of 24 key cotton textile enterprises such as Anhui Huamao, Shandong Luthai, Youngor Rifang, and Jiangsu Yueda exchanged information on the operation of the company in 2011 and analyzed and predicted the market situation in 2012.
- Status Quo In 2011, the cotton textile market experienced major fluctuations. Affected by this, most companies have encountered difficulties in operating their businesses and most companies have seen their profits decline. Due to the large fluctuations in raw material prices, corporate orders have been greatly affected. Representatives of enterprises generally reflected that current product orders are dominated by small orders and short orders, and it is difficult to see long orders and large orders. Some enterprises have great pressure on sales and inventory. While the market is not booming, labor costs, electricity costs, and costs of cotton textile companies have risen sharply, and many companies are still facing difficulties in recruiting workers.
For the difficulties faced, many companies stated that they must work hard to improve their internal strength, strengthen internal management, adjust product structure, and take measures to reduce labor, reduce consumption, and increase product added value.
- Situation In 2011, the cotton textile industry experienced the ups and downs of the market, but the overall operation remained stable.
According to the data, from January to November, China’s yarn production totaled 26.319 million tons, an increase of 12.46% year-on-year; cloth production was 56.7 billion meters, an increase of 13.25% year-on-year. According to a survey conducted by the China Cotton Textile Industry Association on the production and sales of 90 cotton textile enterprises from January to November in the country, the yarn production of the surveyed companies decreased by 8.55% year-on-year, raw material stocks decreased by 15.8% year-on-year, and yarn inventory increased by 57% year-on-year. Cloth stocks increased by 41% year-on-year. At present, the prices of international cotton yarns have been lower, which is already lower than domestic cotton yarn prices, resulting in a decrease in the number of exports.
The survey showed that large enterprises actively responded to difficulties and the overall situation was relatively good, playing a stabilizing role; SMEs encountered major difficulties and experienced reduced production and production suspension.
- Calling for an interim cotton purchase and storage policy that began this year has played an important role in stabilizing cotton prices. Everyone has unanimously called on relevant departments to continue to take effective measures to stabilize the cotton market. For representatives of cotton textile enterprises, the deputies also reiterated their call for reducing corporate tax burden. With regard to issues such as the distribution of imported cotton quotas, corporate representatives also put forward opinions and suggestions.
- In the future, most companies are not optimistic about the future market situation. Wang Tiankai believes that there is indeed downward pressure. Enterprises must not only make good preparations for difficulties, but also establish confidence, strengthen internal management and upgrade their technological level. Many corporate representatives expect that market conditions will improve by the second half of next year or 2013. Many corporate representatives believe that the industry will enter a period of reshuffle in the coming period.
-Recommended Wang Tiankai that the large fluctuations in cotton prices have a great impact on the company. Judging from the statistical data, the industry's operation remained basically stable in 2011, but there was a clear feature that the growth rate was declining quarter by month, which should arouse full vigilance. The current wide spread of cotton prices at home and abroad has affected the export of enterprises. He believes that a fair and competitive environment is conducive to the development of the industry, and that domestic cotton prices should be in line with international standards. He suggested that the relevant departments conduct trials of direct cultivation of cotton in the cotton producing areas in Xinjiang.
Wang Wei, deputy director of the Consumer Products Division of the Ministry of Industry and Information Technology, said that although difficulties cannot be ignored, companies must maintain their confidence. According to him, relevant policies in 2012 will be tilted toward the real economy, the state will provide financial support for the technological transformation of textile enterprises, and the environment is expected to improve.
Xu Wenying believes that the high-cost era has come. This year, labor costs have risen by 15% to 20%, and will continue to rise in the future. At present, domestic cotton prices are higher than international cotton prices, forcing export products to increase their added value. Now, the export of cotton textiles has shown a trend of decreasing in quantity and increasing prices.
From the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Agriculture, the China Cotton Association, the Central Reserve Cotton Management Corporation, the China Cotton Information Center, the National Cotton Exchange and other departments and agencies responsible person to the meeting. Representatives of 24 key cotton textile enterprises such as Anhui Huamao, Shandong Luthai, Youngor Rifang, and Jiangsu Yueda exchanged information on the operation of the company in 2011 and analyzed and predicted the market situation in 2012.
- Status Quo In 2011, the cotton textile market experienced major fluctuations. Affected by this, most companies have encountered difficulties in operating their businesses and most companies have seen their profits decline. Due to the large fluctuations in raw material prices, corporate orders have been greatly affected. Representatives of enterprises generally reflected that current product orders are dominated by small orders and short orders, and it is difficult to see long orders and large orders. Some enterprises have great pressure on sales and inventory. While the market is not booming, labor costs, electricity costs, and costs of cotton textile companies have risen sharply, and many companies are still facing difficulties in recruiting workers.
For the difficulties faced, many companies stated that they must work hard to improve their internal strength, strengthen internal management, adjust product structure, and take measures to reduce labor, reduce consumption, and increase product added value.
- Situation In 2011, the cotton textile industry experienced the ups and downs of the market, but the overall operation remained stable.
According to the data, from January to November, China’s yarn production totaled 26.319 million tons, an increase of 12.46% year-on-year; cloth production was 56.7 billion meters, an increase of 13.25% year-on-year. According to a survey conducted by the China Cotton Textile Industry Association on the production and sales of 90 cotton textile enterprises from January to November in the country, the yarn production of the surveyed companies decreased by 8.55% year-on-year, raw material stocks decreased by 15.8% year-on-year, and yarn inventory increased by 57% year-on-year. Cloth stocks increased by 41% year-on-year. At present, the prices of international cotton yarns have been lower, which is already lower than domestic cotton yarn prices, resulting in a decrease in the number of exports.
The survey showed that large enterprises actively responded to difficulties and the overall situation was relatively good, playing a stabilizing role; SMEs encountered major difficulties and experienced reduced production and production suspension.
- Calling for an interim cotton purchase and storage policy that began this year has played an important role in stabilizing cotton prices. Everyone has unanimously called on relevant departments to continue to take effective measures to stabilize the cotton market. For representatives of cotton textile enterprises, the deputies also reiterated their call for reducing corporate tax burden. With regard to issues such as the distribution of imported cotton quotas, corporate representatives also put forward opinions and suggestions.
- In the future, most companies are not optimistic about the future market situation. Wang Tiankai believes that there is indeed downward pressure. Enterprises must not only make good preparations for difficulties, but also establish confidence, strengthen internal management and upgrade their technological level. Many corporate representatives expect that market conditions will improve by the second half of next year or 2013. Many corporate representatives believe that the industry will enter a period of reshuffle in the coming period.
-Recommended Wang Tiankai that the large fluctuations in cotton prices have a great impact on the company. Judging from the statistical data, the industry's operation remained basically stable in 2011, but there was a clear feature that the growth rate was declining quarter by month, which should arouse full vigilance. The current wide spread of cotton prices at home and abroad has affected the export of enterprises. He believes that a fair and competitive environment is conducive to the development of the industry, and that domestic cotton prices should be in line with international standards. He suggested that the relevant departments conduct trials of direct cultivation of cotton in the cotton producing areas in Xinjiang.
Wang Wei, deputy director of the Consumer Products Division of the Ministry of Industry and Information Technology, said that although difficulties cannot be ignored, companies must maintain their confidence. According to him, relevant policies in 2012 will be tilted toward the real economy, the state will provide financial support for the technological transformation of textile enterprises, and the environment is expected to improve.
Xu Wenying believes that the high-cost era has come. This year, labor costs have risen by 15% to 20%, and will continue to rise in the future. At present, domestic cotton prices are higher than international cotton prices, forcing export products to increase their added value. Now, the export of cotton textiles has shown a trend of decreasing in quantity and increasing prices.
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