It Is A Fact That China'S Textile And Garment Export Growth Is Declining.

From the data of China Textile City's fabric transaction data, the volume of trading in the 4 quarter has obviously shrunk, and is obviously lower than the average level in recent years. According to the calculation, from 2005 to 2007, the average daily trading volume of the three trading days from November 1st to November 20th was 6 million 890 thousand M, 9 million 870 thousand M and 8 million 240 thousand M respectively, and the average daily trading volume of the same period was only 5 million 170 thousand M in the same period of 2007. On the export side, according to statistics, the import and export of textiles and clothing in China continued to grow in 1~9 months in 2008, but the growth rate declined, and the increase in clothing exports dropped significantly. The total export volume of textiles and clothing in 1~9 months was 136 billion 985 million US dollars, an increase of 8.12%, an increase of nearly 12 percentage points over the same period, of which 87 billion 90 million of clothing exports increased by only 1.76%, an increase of 21.24 percentage points over the same period last year. Data show that China's textile and garment export growth rate has been an indisputable fact. Under the current situation, although PTA has been separated from crude oil in the short term, it has rebounded under the guidance of supply and demand and the intervention of many funds. However, under the background of the financial crisis, there is no substantial change in terminal demand. Once the supply and demand relations in the short term return to calm, PTA will still be unable to shake off the shadow of the decline in crude oil, and the weak shock is still the keynote of the market. Crude oil continues to fall, PTA still has a risk of below 4000.