Textile Enterprises Develop Low And Medium Export Markets

The global financial crisis is spreading. After nearly a year of hard operation, China's strong textile industry has become very fragile. Many textile enterprises are running poorly, and the sound of textile enterprises closing down is endless.

According to the latest data of the national development and Reform Commission, in October, the export growth rate of textile production continued to slow down, and domestic cotton purchase and sale prices continued to decline.

According to the reporter, in order to ensure the interests of cotton farmers, the state has launched an emergency plan for storage and purchase.

The industry suggested that textile enterprises should develop new markets for "low and medium export commodities".

The price of cotton fell. According to the reporter, in October, domestic cotton purchase and sale prices continued to decline, due to financial constraints and export sluggish factors of textile enterprises.

The average purchase price of the 3 grade seed cotton in the mainland is 2.75 yuan / kg (577 yuan / T of cotton lint), a decrease of 6.1% in the annulus, and the average price of the 3 seed cotton purchase in Xinjiang is 2.57 yuan / jin (548 yuan / T), a decrease of 5.5% in the chain.

The average price of the standard grade lint from the mainland to the textile mill is 12445 yuan / ton, which is 5.2% lower than that of the textile mill. The average contract price of the national cotton trading market is 12290 yuan / ton in December. The average contract price of cotton futures in Zhengzhou is 4.9%. The average contract price of cotton futures in November is 12335 yuan / ton, which is 5.2% lower than that in the cotton market.

The purchase and sale progress of new cotton is also slower than that of last year.

According to the national cotton market monitoring system, as at the end of October, the picking rate of farmers' seed cotton was 78.9%, down 1.7% compared with the same period last year; the cumulative sale rate was 54.8%, down 4.1% compared with the same period last year; the cotton processing rate of cotton purchasing processing enterprises was 45.2%, down 14.8% compared to the same period last year; the average sales rate was 19.7%, down 17% from the same period last year.

Analysts believe that the decline in domestic cotton prices is mainly caused by the deteriorating international situation.

Major international commodity futures prices have dropped sharply.

In November 19th, the NDRC continued to raise the export tax rebate rate of some textiles to 17%, much higher than that of many industries.

For the most upstream enterprises in the textile industry, the state has also adopted targeted measures.

In order to ensure the interests of cotton farmers, the state has launched an emergency plan for storage and purchase. Up to the end of October, the total number of temporary storage and storage has reached 54 thousand tons.

Affected by the purchase and storage, since the end of October, the domestic market has made progress in the acquisition of cotton, the purchase price has stabilized, and the price of lint sale has slowed down.

According to the reporter, Xinjiang seed cotton sale progress is relatively fast. As of the end of October, Xinjiang farmer cotton seed sale rate was 79.5%, an increase of 26.3% over the same period last year.

Industry insiders say that due to the global financial crisis, the residents' assets in Europe and the United States have shrunk and their income has been reduced, which has changed the concept of advanced consumption habits and high-end consumption. The cheap and medium quality products have become more and more prosperous in these countries.

The change of consumer habits in Europe and the United States will provide new development space for China's textiles.