市场趋势

China Cotton Textile Industry Prosperity Report for August

CHINA TEXTILE LEADER-国际资讯2026-10-22 12:35查看原文 ↗

✦产业研判

产业概括：8月棉纺织景气指数49.6%仍处收缩区间

中国棉纺织行业协会发布2026年8月景气报告，景气指数49.6%，环比降0.1个百分点，低于临界值。原料采购、产品销售、企业运营三项子指数高于临界值，但生产、库存、信心等仍处收缩区间。下游订单中旬起边际改善，但原料涨价抑制采购意愿，旺季成色待观察。

原料纱线面料方向分化强度中等周期短期

关键观察变量

9-10月传统旺季订单能否持续回升、原料价格走势及下游成本接受度、成品库存去化速度、企业信心指数能否回升至临界值以上、新订单指数变化、纺织厂开工率与产量调整

判断边界报告仅披露8月景气指数及子指数，未提供分省、分企业规模数据，也未涉及批发市场商户经营、租金或客流情况；不能据此推断全行业已普遍陷入衰退，也不能直接推导批发市场招商或稳商压力。

2026/10/22

The China Cotton Textile Association recently released the China Cotton Textile Industry Prosperity Report for August 2026, concluding that the market recovery had fallen short of expectations and that the strength of the traditional peak season remained to be seen.

China’ s cotton textile prosperity index edged down. The China Cotton Textile Prosperity Index stood at 49.6% in August 2026, below the critical threshold and 0.1 percentage points lower than in July. The cotton textile market experienced a marginal recovery in August, with downstream orders gradually picking up from mid-month. However, rising raw-material prices made downstream buyers reluctant to accept higher costs, and downstream activity remained generally subdued, leaving the prosperity index in contractionary territory. Of the seven sub-indices that make up the overall index, the raw material procurement, product sales and enterprise operations indices were above the threshold; all the others remained below it. The raw material procurement, product sales and business confidence indices rose from July, while the other indices declined.

Source: China Cotton Textile Association

In August, the raw material procurement index stood at 51.1%, above the critical threshold and up 0.9 percentage points from July. The raw material inventory index was 48.7%, below the critical threshold and down 0.2 percentage points from July, indicating a decline in stocks of major industry raw materials. The production index stood at 49.7%, below the critical threshold and down 0.4 percentage points from July, indicating lower textile mill output than in the preceding month. The product sales index stood at 50.6%, above the critical threshold and up 0.4 percentage points from July. The finished product inventory index was 49.3%, below the critical threshold and down 0.9 percentage points from July, indicating an increase in textile mills’ finished-product inventories. In August , the enterprise operations index was 50.1%, above the critical threshold but down 0.7 percentage points from July. Market orders and product shipments improved somewhat at the margin, but downstream demand remained generally subdued, new orders were weak and improvements in textile mills’ operating conditions were limited. The business confidence index stood at 46.7%, up 0.9 percentage points from July but still below the critical threshold. Although market conditions improved marginally during the month, overall activity remained subdued, the recovery fell short of expectations, and uncertainty about the outlook persisted. Most enterprises therefore maintained a cautious wait-and-see stance, and the true strength of the traditional peak season remained uncertain.

Note: The China Cotton Textile Prosperity Index is compiled using observations from nearly 500 cotton textile mills across the country. Following an approach similar to that