[Industry Data] Prosperity Report Of China'S Cotton Textile Industry

　　 The global manufacturing industry recovered steadily. According to the global manufacturing purchasing managers' index released by the China Federation of Logistics and Purchasing, the global manufacturing PMI in February 2025 was 50%, the same as last month, and the global economy continued to maintain a steady recovery trend, showing some endogenous resilience.

　　 China's economic prosperity has generally rebounded. The purchasing managers' index of China's manufacturing industry in February 2025 released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing was 50.2%, up 1.1 percentage points from the previous month, returning to the expansion range. With the resumption of production after the Spring Festival, the production and operation activities have accelerated, the purchasing manager index of manufacturing industry has significantly rebounded, and China's economic prosperity has generally rebounded.

　　 China's cotton textile boom index rebounded to the boom and bust line. In February, China's cotton textile boom index was 50%, at a critical point, up 2.9 percentage points from January. In February, after the Spring Festival, textile enterprises resumed work and production smoothly, production and sales gradually returned to normal, the overall business situation improved, and the prosperity index rebounded to the boom and bust line. From the perspective of sub indexes, among the seven sub indexes that constitute the prosperity index of China's cotton textile industry, the raw material purchase index, raw material inventory index and production index are lower than the critical point, and the other indexes are higher than the critical point. Among the seven sub indexes, the raw material inventory index decreased compared with January, and the other indexes increased compared with January.

　　 Raw material purchase index

In February 2025, the raw material purchase index will be 49.4%, lower than the critical point, 1.7 percentage points higher than that in January. In February, the cotton price rose first and then fell, and the downstream market gradually recovered after the festival. The market just needed to supplement the stock market to support the cotton price to rise in shock. But at the end of the month, influenced by Trump's tariff increase, the market mentality continued to be depressed, and the cotton price was under pressure; The price of polyester staple fiber follows the international crude oil price in a downward trend of shock; The price of viscose staple fiber was slightly increased due to the increase of caustic soda price. According to TTEB data, the average monthly spot price of domestic 3128 cotton was 14378 yuan/ton, up 228 yuan/ton month on month, or 1.61%; The average monthly price of 1.4D direct spinning polyester is 7045 yuan/ton, down 49 yuan/ton month on month, or 0.69%; The average monthly price of mainstream viscose fiber was 13536 yuan/ton, up 37 yuan/ton month on month, or 0.27%. From the perspective of purchase volume, textile enterprises purchased cotton in February mostly for just needed replenishment, and the purchase volume was not high; The sales of polyester staple fiber were weak in the first half of February, and the low level replenishment of the market increased in the last ten days; The viscose staple fiber market remained stable as a whole, and the sales promotion policy issued at the end of the month improved. The cotton purchase index was 46.7%, up 0.4 percentage points from January, lower than the critical point; The non cotton fiber purchase index was 49.0%, up 2.5 percentage points from January, lower than the critical point.

　　 Raw material inventory index

In February 2025, the raw material inventory index will be 48.7%, lower than the critical point, 3.9 percentage points lower than that in January, and the inventory of major raw materials in the industry will decline. In February, the cotton price fluctuated and rose after the festival, but the yarn price in the downstream market was difficult to rise. Textile enterprises were still relatively cautious in purchasing raw materials, and the cotton inventory declined; In terms of non cotton fiber, the market was generally stable in February, and the inventory of non cotton fiber was the same as that of last month. In February, the cotton inventory index was 47.4%, 4.2 percentage points lower than that in January; The non cotton fiber inventory index was 50%, down 3.7 percentage points from January. The cotton inventory index was higher than the critical point, and the non cotton fiber inventory index was lower than the critical point.

　　 Production index

In February 2025, the production index will be 49.2%, lower than the critical point, 3.3 percentage points higher than that in January. In February, affected by the Spring Festival holiday, the production of enterprises declined compared with January, and the yarn output index and cloth output index were both below the critical point. From the sub index, the equipment opening rate index of cotton textile enterprises was 49.7%, lower than the critical point, up 2 percentage points from January. The yarn output index was 48.6%, lower than the critical point, 4.6 percentage points higher than that in January; The cloth production index was 48.8%, lower than the critical point, 4.6 percentage points higher than that in January.

　　 Product sales index

In February 2025, the product sales index will be 51.7%, higher than the critical point and 5.3 percentage points higher than that in January. In that month, according to TTEB data, the average monthly price of 32 pure cotton combed yarns represented by yarns was 20838 yuan/ton, up 137 yuan/ton month on month, or 0.66%. The average monthly price of grey cloth represented by pure cotton grey cloth (C32S * C32S 130 * 70 63 "2/1 jet) was 6.74 yuan/meter, up 0.04 yuan/meter month on month, or 0.60%. In terms of sales, the production and sales of enterprises resumed normal operation after the festival, and the market had certain expectations for the traditional peak season as March approached. The sales of yarn and grey cloth improved from January. The yarn sales index was 52.8%, up 9.7 percentage points from January; The cloth sales volume index was 51.9%, 7.2 percentage points higher than that in January. The sales index of yarn and cloth is higher than the critical point.

　　 Product inventory index

In February 2025, the product inventory index will be 50.4%, higher than the critical point, 4.2 percentage points higher than that in January, and the product inventory will decline. After the festival, the sales of textile enterprises improved compared with January, and the product inventory was reduced. The yarn stock index was 51.2%, 4.4 percentage points higher than that in January; The inventory index was 49.1%, up 3.8 percentage points from January. The yarn stock index is higher than the critical point, and the fabric stock index is lower than the critical point.

　　 Business operation index

In February 2025, the enterprise operation index will be 50.7%, higher than the critical point and 5.2 percentage points higher than that in January. After the Spring Festival in February, the operation of textile enterprises gradually returned to normal, and close to the traditional peak season, the overall sales situation improved, the operating income increased, and the business situation improved. From the perspective of sub indicators constituting the enterprise operation index, the operating income index is 50.7%, a high critical point, 6.2 percentage points higher than that in January; The total profit index was 50.7%, higher than the critical point, 4.1 percentage points higher than that in January.

　　 Enterprise confidence index

In February 2025, the enterprise confidence index will be 51.2%, 1.9 percentage points higher than that in January. The enterprise confidence index will be higher than the critical point, and confidence in the future market will rise. After the Spring Festival in February, the enterprise resumed work and production smoothly, sales improved, business conditions improved, and the confidence in the future market increased as the traditional peak season approached.

　　 Note: The prosperity index of China's cotton textile industry is collected from nearly 500 secondary cotton textile enterprises in the country. With reference to the index formulation methods such as the national manufacturing PMI, it is calculated by weighting several major indicators. When the index is higher than 50, it means that the prosperity of the cotton textile industry in this month is better than that in last month. If the index is lower than 50, it means that the prosperity of this month is less than that in last month 。

(Source: China Cotton Association)