Since the beginning of this year, the textile industry has been booming, and even in the off-season, it has shown "hot abnormalities." Prices, out of stocks, and money are not always available. This kind of information seems to usher in a new textile industry. A cycle of business cycle.
However, the real situation does not seem to be the case. All kinds of data indicate that the textile materials in the first half of the year have risen madly. However, in contrast, the price of fabrics has not risen, and the textile boss seems to be in the “white†market. Busy!" Let us look at three aspects of raw materials, domestic and foreign markets.
In the first half of the year, textile raw materials rose wildly!
The price of domestic chemical fiber raw materials increased compared with 2016, with a large increase. As can be seen from the figure below, the price of nylon FDY reached the highest in February, and the prices of polyester FDY and polyester DTY were higher than the same period of last year. The increase in cotton prices has led to a rise in the price of chemical fiber.
In terms of sub-categories, the average price of polyester FDY for January-June 2017 was RMB 10,300 per ton, an increase of 34.8% year-on-year. However, contrary to this, the prices of both domestic and overseas sales of filament fabrics showed a downward trend, which is in line with the rising trend of raw material prices. The difference is huge. This indicates that the current sales revenue of long-staple weaving companies does not match the cost of sales, and profits have been severely squeezed.
Foreign markets: Decrease in export prices of chemical fiber filament fabrics
According to customs statistics, the average export price of China's chemical filament fabrics for the period from January to June 2017 was US$0.89/m, which was a 4.3% year-on-year decrease. Excluding exchange rate changes, export prices dropped by 2.28% year-on-year. The export price of polyester filament fabrics was 0.86 US dollars per meter, a year-on-year decrease of 6.52%.
Domestic market: Looks like "hot", fabrics are low prices
In the first half of the year, the demand in the domestic market increased and the market’s spending power was stronger. In the first half of the year, the market volume of Shengze increased, which was better than the same period in 2016. As shown in the chart below, the Shengze market entered the sales season since April, until the July market sentiment index rose all the way, and the market as a whole was in a relatively healthy state. The average production and sales rate of some manufacturers exceeded 100%.
In addition, the trading volume of China Textile City Market fluctuated, as shown in Figure 6. Affected by the Spring Festival in February, the sales volume was relatively low, and the sales season began in April. The overall market in Keqiao is relatively good.
However, due to the large output of chemical fiber fabrics, the market is expected to have low prices for filament fabric products. Although there is a certain market demand, competition among similar products among enterprises is fierce.
From the specific fabric point of view, chemical fiber filament fabrics down jacket fabrics, casual wear fabrics, light women's fabrics remained stable; business wear fabrics decreased slightly, simulation silk series fabric prices began to enter the sales off-season in June prices fell, luggage fabric prices Rising, the overall market fabric prices are low.
2017's textile market - heart abuse!
Recently, the RMB exchange rate has been rising all the way and many factories have stopped production and closed under the environmental protection reform. Many foreign traders and manufacturing industries are extremely sensitive to the word “price increaseâ€.
In January this year, the renminbi was exchanged against the US dollar at a maximum of 6.9602 and fell all the way. As of July, the US dollar has fallen for six consecutive months, and the cumulative US dollar index has fallen by about 8.7% this year. This is a very large increase for the RMB exchange rate. In recent months, it has accelerated the appreciation.
At the same time, the EPA's vigorous rectification, steel mills shut down, paint factory shut down, shut down plastic products factory, raw materials, crazy, some manufacturers are even dare to pick, foreign trade, manufacturing sigh!
With the appreciation of the renminbi and the rise of raw materials, many foreign traders negotiated the export price half a year ago. If they are delivered now, the recovered dollar will be converted into renminbi, and the aggregate loss may eat up all or most of the net profit.
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