News

Weekly news of textile industry (June 1, 2020 to June 10, 2020)

Hot spot focus

In the first half of this year, the pressure continued to increase. How did these cotton textile enterprises break through the siege?

Recently, the novel coronavirus pneumonia epidemic was continuously affected by Sino US trade friction and the new crown pneumonia epidemic. More than 5000 employees of cotton spinning enterprises, Shandong Hualong textile Limited by Share Ltd were declared bankrupt by the court, and shook the textile circles of friends. But there are also some enterprises to adapt to the situation, looking for opportunities in crisis and facing difficulties.

● Shangma non-woven fabric and mask production line, Lanxi textile company's order is scheduled after July

● purchase new equipment and develop new products, old town cotton textile enterprises (deyi'an Cotton Textile Co., Ltd.) have a good way to survive

300000 spindles of intelligent spinning project and Mingsheng textile to build high efficiency spinning plant

The total value of China's foreign trade import and export in the first five months was 11.54 trillion yuan

The General Administration of Customs announced on June 7 that from January to May this year, the total value of China's foreign trade import and export was 11.54 trillion yuan. Among them, exports in May continued the positive growth trend of last month.

According to customs statistics, from January to May this year, the total value of China's foreign trade import and export reached 11.54 trillion yuan, down 4.9% year on year. In May, China's total import and export value was 2.47 trillion yuan, down 4.9% year-on-year; among them, export was 1.46 trillion yuan, up 1.4%, and import was 1.01 trillion yuan, down 12.7%.

Industry trend

Cotton yarn market status in May, with relative recovery of upstream and downstream goods

From May 14 to 21, cotton yarn prices declined only by 8 yuan / ton compared with the previous week, although it continued to brush the new low in the new year. As of May 21, the average price of c32s in China had closed at 18732 yuan / ton, a narrower month on month drop. The spot transaction of cotton is relatively active, and the price fluctuates upward. Judging from the inventory of the whole industrial chain, the upstream and downstream goods are relatively warmer at present, and the inventory is mainly overstocked at the raw material end.

In April, the growth rate of some economic indicators of the textile industry turned positive, and the recovery of demand needs to be strengthened

According to the data of relevant economic and textile industry indicators in April, in terms of the whole social and economic indicators, the prices in April tended to stabilize, the prices in the production link of enterprises continued to decline, the recovery rate of manufacturing industry slowed down, and the country increased credit to stabilize the economy. From the economic indicators of the textile industry in April, the added value of the textile industry and textile and clothing exports recovered to a positive growth year-on-year; the growth rate of fixed asset investment in the textile industry still slowed down significantly year-on-year, to - 32.5%, the worst performance of all indicators.

Raw material Market

The domestic cotton price is slightly up, and the downstream cotton yarn price is stable

(may 18-22, 2020)

This week, the futures market continued to be in a period of calm. Ice and Zheng cotton futures rebounded slightly and then fell back. The domestic cotton spot price rose, the downstream demand recovered slowly, and the cotton yarn price stabilized. The downstream enterprises' enthusiasm for yarn purchasing was not high. Driven by the continuous rebound of the international crude oil price, the polyester staple price recovered.

In April, China 's Cotton Yarn Import decreased by more than 1/4 year on year

According to the statistical data, in April 2020, China imported 120000 tons of cotton, a decrease of 40% month on month, 30.58% compared with the same period last year; from January to April 2020, China imported 730000 tons of cotton, a decrease of 13.1% year on year; since 2019 / 20 (2019.9-2020.4), China imported 1.14 million tons of cotton, a decrease of 20.8% year on year.

Cotton imports fell, and the U.S. share returned to the top

(April 2020)

In April, China's cotton import fell. The import of cotton is 120000 tons, a decrease of 40% on a month on month basis, a decrease of 30.58% compared with the same period last year; from January to April 2020, China's cumulative import of cotton is 730000 tons, a decrease of 13.1% on a year-on-year basis; from September 2019 to April 2020, China's cumulative import of cotton is 1.14 million tons, a decrease of 20.8% on a year-on-year basis.

In the mode of trade, the logistics goods in the special customs supervision area are the most, nearly half, the general trade is close to 30%, the inbound and outbound goods in the bonded supervision area are nearly 20%, the source country is the United States, which has returned to the first place since July 2019, accounting for 56.7%; Brazil is the second, accounting for 20.4%; India is the third, accounting for 14%; the others are not more than 10%.

Insight Economics 

China's clothing share dropped significantly in the first quarter of us clothing import

In the first quarter of this year, almost all categories of clothing imports from the United States to China fell sharply, while imports to other regions stagnated on the whole. According to the specific results, according to different categories, at the same time, the U.S. imports to almost all China's clothing categories dropped by two figures year-on-year, the decline of cotton clothing category was between 25-57%, but the decline of chemical fiber category was slightly smaller.

Cambodia's garment, textile and footwear exports increased by 1.67% year on year in the first four months

According to statistics of the State Administration of Taxation of Cambodia, the total export revenue of Cambodia's clothing, textile and footwear (GTF) in the first four months of 2020 was US $3.13 billion, an increase of 1.67% over the same period of last year. Before the new crown epidemic, the overseas orders in the early stage of 2020 grew sharply, but due to the impact of the epidemic, the export volume will decline in the next few months.

Vietnam: textile and clothing exports fell sharply, expected to decline by more than 10% in the whole year

In April, Vietnam's export data began to show the impact of the outbreak. Although many garment factories changed to produce masks and medical protective clothing, their textile and clothing exports in April were only US $1.6 billion, down 31% year on year, and yarn exports fell 38% to 95000 tons from 152000 tons in March. From January to April, the cumulative export volume of textiles and clothing decreased by 8.8% year on year.