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Canton Fair Orders Stabilize Textile Enterprises Worry About Exchange Rate Micro Price Increases

2013/5/6 19:56:00 19

cotton prices are relatively stable, orders and labor costs are also stabilizing. However, many a target= "_blank" href= "http://www.91se91.com/" > textile < /a > enterprises are still unable to calm down at the 113rd Canton Fair, and the small profits are eroded by the exchange rate, and the price rises by 3% to 5%. 
P > P > Assistant to the general manager of the textile import and export of Guangdong Province, Zhong Hao Sen, in an interview yesterday, said that from the five day spanaction, the customers in North and South America were more and the European customers were obviously reduced. Although the total number of customers to the business booth was different from the previous one, the sincere customers were obviously increasing and the intention order was good. 
 "at present, the cost is about the same as that of last year. But the recent appreciation of the renminbi has worried us. At this Canton Fair, some new products are rising by 3%~5%, mainly new research and development, new design products. Some of the basic products are still at the original price. Now the textile enterprises in Southeast Asia are very competitive with us, and we should be cautious in dealing with the price." Zhong Haosen said. 
 Zhong Haosen added, "at present, the monthly salary of workers in Bangladesh, Kampuchea and other countries is about 80 dollars (equivalent to RMB 500 yuan), and when we reach 3000~4000 yuan, the gap is huge. It is difficult for us to have an advantage in price. Now the obvious advantage is only the delivery date. We only need 60 days, while in Southeast Asia it usually takes 90 days. Therefore, the current orders are often very tight delivery orders. But the payment time is lengthened. In order to avoid risks, many of our orders have been locked up. 
The latest data from the China Foreign Exchange Trading Center (P) show that the central parity of RMB against the US dollar in May 3rd was 6.2152, down 70 basis points from the previous trading day. However, judging from the recent trend, the RMB basically shows a trend of appreciation. In April, the yuan had a nine new high in the middle price of the US dollar. In May 2nd, the yuan reached a new high in the middle price of the US dollar and approached the 6.20 pass. Since the beginning of this year, the RMB has appreciated by more than 1%. 
 Lin Yan, manager of cotton textile department of Hangzhou light industrial craft import and Export Co., Ltd., also said that the pressure of exchange rate on enterprises is relatively large. "Our Canton Fair will raise the price of part a target=" _blank "href=" http://www.91se91.com/ "> clothing < /a > by 5%, but the old style can not rise or even fall. Customers are becoming more and more sensitive to price and putting price in the first place. Many businessmen at this fair have been shouting that they should directly look for factories instead of traders, so as to minimize intermediate links. Although we have contracted factories, the order of this factory is not enough, because the cost of Zhejiang is still high, and some customers can not accept it. We can only go to Anhui, Jiangxi and other mainland to find other factories to do OEM. Lin Yan said that the number of European guests in this Canton Fair was reduced, while that in South America increased. The total orders were flat compared with the same period last year. 
According to the data of the General Administration of Customs (P), in the first quarter of this year, China's textile and clothing exports increased rapidly, of which, textile exports amounted to 22 billion 570 million US dollars, an increase of 10.4%, while clothing exports increased by 35 billion 310 million US dollars, an increase of 19.4%. However, many enterprises think such an increase is not sustainable. Mao Xiahua, director of the trade management department of Shanghai Pegasus Import & Export Co., Ltd., said in an interview with the newspaper that the order had declined in April, hoping to find more new customers at this Canton Fair. The passenger volume of this Canton Fair has increased than that of the previous session, but the demand is not so strong that the price can only be raised by 3%. 
 textile industry expert Wang Qianjin believes that the worst time for the textile industry has passed, but has entered an era of high cost and low growth. In 2013, the larger domestic and foreign cotton price differences may continue to exist, the international economic situation is still complex, and the unstable factors such as the European debt crisis have not been eliminated. There are still many uncertainties in the international market prospects, and the demand for significant improvement is unlikely.