Britain'S Exports To Europe: China'S Textile And Clothing Exports Are Positively And Negatively Affected.

Weekly market review and views

Last week, Shanghai Composite Index, Shenzhen stock index and Shanghai and Shenzhen 300 fell 1.07%, 0.34% and 1.07% respectively.

The clothing sector fell by 2.10%, of which the textile sector rose 2.20%.

Plate fell 2.02%.

In the 1-5 month of 2016, exports of textiles and garments to Britain accounted for less than 10% of exports to the EU, and exports to the EU accounted for about 50% of total exports. In the future, with the increasing risk of EU splitting, the export of textiles and clothing in China is affected by positive and negative factors in the medium and long term.

Fosun Group has held a valuation of 130 million euros in France.

Brand IRO, and plans to promote the international expansion of the brand.

Under the background of the global economic slowdown, the pressure of foreign luxury fashion brands and the relative strength of the renminbi relative to the euro, a new round of overseas mergers and acquisitions of Chinese enterprises is accelerating.

The national cotton area report is fresh.

In 2016, the total sown area of cotton in China reached 43 million 851 thousand mu, down 14.3% from the same period last year.

Overall, although the planting area of cotton in Xinjiang has declined this year, it remains stable overall, and the cotton planting area in the mainland has dropped considerably.

Last week was the eighth week of continuous storage of cotton.

Since June, the resources of the national cotton mill have been exported to domestic cotton, and the turnover is at a high level. The average price of the paction has increased significantly under the spot price.

News dynamics of industry companies

H&M lost 22% in the first half of the year, and analysts expect Primark to decline for the first time this year. France's biggest clothing business enters China; LV takes Nike to test the water price performance route; Itou Tada textile company deepens strategic cooperation with Bosideng.

　　摩登大道全資子公司卡奴迪路(香港)股份有限公司擬以不超2130萬歐元收購意大利COIN集團的時尚買手店EXCELSIORMILANO相關(guān)資產(chǎn);富安娜向340人以4.70元/股授予第二期限制性股票1774.3萬股,151.78萬元回顧注銷44.10萬股限制性股票;貴人鳥定增調(diào)整擬發(fā)行不超4800萬股募集不超11.07億元用于供應(yīng)鏈建設(shè)、體育云平臺建設(shè)和償還銀行貸款;南極電商籌劃收購北京時間互聯(lián)網(wǎng)絡(luò)科技股份有限公司100%股權(quán),繼續(xù)停牌;新澳股份擬以不低于11.07元/股定增8184.66萬股,募集不超9.06億元用于3萬錠緊密紡高檔生態(tài)紡織項目、年產(chǎn)1.5萬噸生態(tài)毛染整搬遷建設(shè)項目以及歐洲技術(shù)開發(fā)和銷售中心項目;浙江富潤擬以7.50元/股非公開發(fā)行1.33億股、并支付現(xiàn)金2.02億元,合計總價12億元收購泰一指尚100%的股權(quán),同時定增調(diào)整擬以7.50元/股發(fā)行不超4267萬股、募集不超3.2億元配套資金。

Industry data aggregation

328 grade cotton spot 12717 yuan / ton (+0.39%); American cotton CotlookA75.55 cents / pound (+2.03%); viscose staple fiber 13510 yuan / ton (-0.07%); polyester staple fiber 6623.33 yuan / ton (+0.35%); long staple cotton 20900 yuan / ton (-0.48%); inside and outside cotton price difference -1660 yuan / ton (-1.53%).

Weekly market review

Last week, Shanghai Composite Index, Shenzhen stock index and Shanghai and Shenzhen 300 fell 1.07%, 0.34% and 1.07% respectively.

The textile and garment sector fell by 2.10%, of which the textile sector rose 2.20% and the clothing sector fell 2.02%.

In terms of stocks, black peony, Xinyang Feng and Sanfo outdoors are the top gainers, while the shares of *ST, monfa, and Golden Eagle are among the top.

The British referendum decided to break away from the European Union will trigger turbulence in the European market. In the medium and long term, China's textile and clothing exports are expected to be affected by Britain and Europe.

According to customs data, in 2016 1-5, China's textile and clothing exports to the UK amounted to US $4 billion 200 million, an increase of 3% over the previous year, with an import volume of US $76 million 340 thousand, an increase of nearly 1% over the same period last year, while our textile and clothing exports to Europe and the European Union amounted to 55 billion 400 million US dollars, accounting for 50% left and right of total exports.

With the economic turmoil in Europe, the demand for textile and clothing imports will be affected in the UK and European countries. There will be negative and double effects on the trade environment. The increasing risk of European separatist will soften the EU's attitude towards China and improve China's trading environment in the trade, but at the same time, the rise of global populism may bring trade protectionism up and deteriorate China's trade environment.

According to the latest French report, Fosun Group has held a French fashion brand IRO valued at 130 million euros, and plans to promote the international expansion of the brand.

This is the French fashion brand acquired by Shandong Ruyi in April this year when it announced the acquisition of SMCPSAS, the two largest luxury clothing brand with Sandro and Maje, with 1 billion 300 million euros.

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IRO, founded in 2005, now sells about 60 million euros, and has more than 20 stores in Paris, New York, Losangeles, London and Munich, and has entered 40 countries. It has opened over 90 counters in senior stores such as Selfridges, Harrods and Barneys, and will focus on the Chinese market in the next three years.

Under the background of the global economic slowdown, the pressure of foreign luxury fashion brands and the relative strength of the renminbi relative to the euro, a new round of overseas mergers and acquisitions of Chinese enterprises is accelerating.

As China's consumer market continues to escalate and Chinese capital overseas acquisitions continue to be active, we expect to see more overseas fashion brands entering the Chinese market to meet the growing consumer preferences and diversified demands of mature consumers.

The national cotton area report is fresh.

In 2016, the total sown area of cotton in China reached 43 million 851 thousand mu, a decrease of 7 million 337 thousand mu compared with that of the previous year, with a drop of 14.3%.

Compared with last year, the reduction of cotton area in the whole country showed 3 characteristics: 1, the decrease of cotton planting area in the mainland; 2, the decrease in the area of the the Yellow River river basin is smaller than that in the Yangtze River Valley. The report shows that the actual sowing area of the the Yellow River basin is 8 million 328 thousand mu, which is 24.7% lower than that of the Yangtze River Basin. The actual area of the Yangtze River Basin is 5 million 747 thousand mu, down 27.7% compared to the same period last year. The area of the the Yellow River river basin is lower than that of the Yangtze River Basin by 3 percentage points. 3, and the northwest inner cotton planting area has decreased.

Overall, affected by the adjustment of industrial structure, the withdrawal of secondary cotton and the shortage of water resources, the sowing area of cotton in Xinjiang has declined, but overall it has remained stable, and the cotton planting area in the mainland has declined a lot.

Last week was the eighth week of continuous storage of cotton.

As of June 24th, the accumulative total of 979 thousand and 700 tons of cotton reserves was planned for 2015/2016, and 953 thousand and 300 tons were sold out of the warehouse, with a turnover rate of 97.31%, of which 657 thousand and 200 tons of domestic cotton were accumulated, with a turnover rate of 96.94%, and a total of 296 thousand and 100 tons of imported cotton was accumulated, with a turnover rate of 98.16%.

The average length of the cumulative paction is 28.3mm, the average price of the paction is 12181 yuan / ton, and the total turnover is 726.

Since June, the output of resources is basically domestic cotton and turnover is at a high level. The average price of the paction has increased significantly under the spot price.

It is expected that market supply will remain tight before the launch of new cotton in September, and state reserve cotton is still the main force to make up for the gap in the market supply.