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The cotton textile industry's prosperity index fell in September, and the production pace slowed down.
Release date: [2018/10/30]  Read total of [648] times

In September 2018, China's cotton textile prosperity index was 48.18, a decrease of 1.76 compared with August. In September, it should have entered the traditional textile season, but the market was continually shrouded by Sino-US trade frictions, and the unstable trade environment made the market participate. Generally, people are more cautious, and the downstream peak season is not prosperous. Most textile companies said that orders were acceptable in the first half of September, and orders were generally reduced in the latter half of the year. Even in July and August, production slowed down. The demand side is still sluggish. The downstream reflects that the double 11 and Christmas orders are obviously insufficient compared with previous years. It is expected that the China cotton textile industry's prosperity index will still decline in October.

 

Specifically, China's raw material purchase price index was 50.83 in September, raw material inventory index was 47.51, production index was 48.85, product sales index was 47.27, and product inventory index was 46.33.

 

In September, the business index was 48.25, which was 2.43 compared with August. Both cotton yarn and cotton prices fell in September, but cotton fell more than cotton yarn. At present, the new cotton market, the domestic market cotton price oscillation is weak, Sino-US trade friction continues to affect the industrial mentality, yarn and cloth market is weak, it is expected that the business index will decline in October.

 

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