中国棉花消费量预测.pptVIP

Challenges and Opportunities in New Environment Feng Mengxiao, CNCIC Content Textile performance Challenges and Opportunities in New Environment Textile Performance Key fiscal indicators of cotton spinning for 2013 0.18 0.37 0.07 -0.26 Change 5.63 14.03 2.78 56.04 Jan-Dec, 2012 5.82 14.4 2.85 55.78 Jan-Dec, 2013 Ratio of profits to cost account receivable turnover turnover of current assets asset-liability ratio Time Profit growth of scaled cotton spinning enterprises 近年来棉纱进口量快速扩大 Greater elasticity in cotton consumption RD of non-cotton fiber advances，MMF raw material still has downside potential Competition between low-count yarn and domestic cotton will continue Greater elasticity in cotton consumption China’s textile performance now less correlates with cotton consumption and appear unlikely to return Challenges and Opportunities in New Environment ICAC forecast（March, 2014） 数据来源：国际棉花咨询委员会（ICAC）。 单位：万吨 Commercial stock decreases further NCMMS survey shows that by March 7,seed cotton delivery progress reached 97.5%, unchanged from a year earlier. Cotton ginning progress reached 99%, down 0.2 point. Sales progress reached 95.5%, up 0.6 point. Xinjiang cotton harvest, delivery, ginning have completed. Sales was 4.3 points behind a year ago at 99.1%. Cotton stock in marketing channel is about 121000 tons less than a year ago. Reserve purchase dropped sharply in February to total 327000 tons, a decrease of 438000 tons from January. By the end of March, 2013/14 reserve purchase totaled 6.3 mil tons. Cautious approach and a slower business Average industrial cotton stock is equivalent to 36.6 days, including port arrivals, down 0.4 day from previous month, 4.2 days less than a year ago, also 4.6 days less than recent 3-yr average Yarn reported a production-to-sale ratio of 94.2%，down 0.4 point from prevous month, up 1.1 point from a year ago. Yarn stock is equivalent to 26.4 days of sale, up 1.3 days from previous month and 3.2 days more