Export Reduction And Narrowing Of Textile Enterprises Are Slightly Better Than Last Year.

In the first three quarters, China's textile and clothing exports were basically the same as that of the whole country. Due to the poor international market demand and the low labor costs of other Southeast Asian countries, in 2016, 1-8 months, China's total exports of textiles and clothing were 178 billion 337 million US dollars, down 3.33% from the same period last year, of which export textiles were US $71 billion 815 million, down 0.51% compared to the same period last year; exports of garments were US $106 billion 522 million, down 5.15% from the same period last year.

The total value of China's exports decreased by 7.1% (US $1-8) over the same period last year.

And in August

Export figures slightly improved compared with the previous months, narrowing compared with the same period last year.

In 2016 cotton yarn prices fluctuated sharply with cotton prices. At the beginning of the year, the profits were better. After that, cotton prices rose and businesses suffered losses. In August, with the extension of the reserve cotton rotation period, domestic cotton prices plummeted, and the prices of domestic and foreign cotton yarns also fell.

According to the textile enterprises generally reflected in the past two years

After that, enterprises that can survive now have a good time, and this year's business is better than last year.

In terms of imported yarn, the import of cotton yarn also showed a decreasing trend due to the reduction of cotton price difference.

According to the statistics of the General Administration of customs, the total import of cotton yarn was 1 million 126 thousand and 600 tons in 1-7 months, a decrease of 19.51% over the same period last year.

2015/16 (2015.9-2016.7) accumulated 1 million 864 thousand and 500 tons of imported cotton yarn, a decrease of 11.92% over the same period last year.

With domestic and foreign

As the difference decreases, we anticipate that the advantages of imported cotton yarn will gradually weaken. We still speculate that China's cotton yarn imports will be between 180-200 tons in 2016, 30-50 tons less than last year, and 35-55 tons of cotton equivalent.

What is worth noting is the rapid development of Xinjiang textile enterprises. With the low cost of electricity and the preferential policies offered by the government, Xinjiang produces 2000-3000 yuan / ton of cotton yarn cheaper than the mainland. Therefore, this year's downstream market forms the situation of three feet of imported cotton yarn, Xinjiang cotton yarn and mainland cotton yarn. The cost of cotton yarn in real estate is high, and there is no advantage in that. The price advantage of imported cotton yarn is also gradually lost, and the demand for Xinjiang cotton yarn in the mainland market is good.

It is estimated that in the fourth quarter, with the expected increase in the depreciation of the renminbi, the form of export reduction will be slightly improved.

Judging from the operation of textile and apparel enterprises in the first three quarters of this year, after the industry reshuffle for the past two years, most of the enterprises currently operating in the industry are relatively competitive large and medium-sized enterprises. It is reported that this year's business situation is not as good as it is, but compared with last year, the business situation has improved. Therefore, for the future situation, enterprises are still optimistic.