Economic Operation Of Filament Weaving Industry In The First 3 Quarters Of 2018: Steady Increase In Output And Structural Optimization

The first three quarters,

Stable production of main clusters

According to statistics from various clustered areas, in 2018 1~9 months, Shengze, Xiuzhou, Longhu, Siyang, Ping Wang, Keqiao, Dafeng small sea seven chemical fiber filament fabric production totaled 16 billion 264 million meters, an increase of 2.94% over the same period last year.

Shengze, Xiuzhou, Ping Wang and other places have achieved remarkable results in limited production and upgrading, and new industrial clusters such as Siyang and Xiao Hai have been put into operation.

Output of chemical fiber filament fabric of main filament weaving industry in China during 1~9 month 2018

Exports rebounded

According to China Customs statistics, in 2018 1~9, China's textile and clothing exports amounted to US $207 billion 768 million, an increase of 4.61% over the same period last year, the growth rate was 3.7 percentage points higher than that of the same period last year, which is 1.3 percentage points faster than that in the first half of this year.

From the perspective of product mix, textile exports amounted to US $89 billion 291 million, an increase of 10.45% over the same period last year. The growth rate increased by 7.6 percentage points compared with the same period last year, and the proportion of total exports increased to 43%. Clothing and accessories were affected by factors such as high cost of weaving industry, orders and investment pfer, and export pressure was higher, with an export volume of US $118 billion 478 million, up only 0.59% over the same period last year.

The trend of textile exports is rising obviously.

From the point of view of the main export destination countries, China's exports to the US, EU and Japan increased by 8.5%, 3.4% and 4.8% respectively in terms of textile raw materials and textiles and clothing, and exported to Vietnam, Indonesia and Turkey. The export volume increased by 30%, 21.6% and 5.7% respectively.

In addition, according to the questionnaire survey of the silk weaving industry in the third quarter of 2018, 28.57% of the enterprises indicated that the foreign orders in the third quarter of 2018 showed no more than 10% growth than that in the second quarter, while 71.43% of the enterprises indicated that they were flat. In general, the volume of orders in the third quarter decreased compared with the previous period, reflecting the overall demand decline in the international market in the three quarter.

In the fourth quarter of 2018, the forecast of foreign orders, 33.33% of the enterprises expected to increase, but 50% of the enterprises think that there will be a reduction. Currency depreciation and trade friction make the enterprises not optimistic about the international situation, and the enterprises' expectations for the fourth quarter are more cautious.

From the perspective of filament fabrics, according to the main market data of American household apparel filament fabrics, the total amount of imports from the United States increased by 6.96% over the same period of 1~9 months in 2018, representing an increase of 21.14 percentage points over the previous year.

Among them, the amount of imports from the United States was equal to that of the same period last year, accounting for 41.79% of the total imports from the United States, down 2.64 percentage points from the same period last year.

According to data from the US Department of Commerce, the share of imports from India and Turkey fell by 1.64 and 1.99 percentage points respectively from the share of imports from China to the United States, while the share of imports from the European Union (28 countries), Canada and China Taiwan and other countries increased.

According to the main market of imports of industrial filament fabrics from the United States, the total value of imports from the United States increased by 3.77% in the month of 2018 1~9, representing an increase of 8.49 percentage points from last year.

Among them, the amount of imports from the United States increased by 20.41% compared with the same period last year, and the growth rate increased by 17.25 percentage points, occupying 26.76% of the US imports of such products, an increase of 3.75 percentage points from the same period last year.

Among them, the share of imports from the United States from other countries and regions has declined over the past year. Only the share of such products imported from Canada, Vietnam and Italy showed a slight increase of no more than 1 percentage points.

Domestic sales are steadily rising

In the first 9 months of this year, China's domestic market has steadily increased.

From the East

As a result, the rise in raw material prices has led to a weak rise in the price of fiber filament fabrics, but in general, due to the adjustment of the production capacity of the original industrial cluster, the industrial pfer is not completely completed, resulting in short supply end in the short term, strong market demand and a slight rise in price index.

In the second quarter of 2018, market confidence was the most high. It began to decline gradually in the third quarter. The reasons for the lack of market confidence were the increase of labor costs, the increase of environmental pressure and the turbulence of international market environment.

According to the statistics of the National Bureau of statistics, in 2018 1~9, the per capita disposable income of our residents increased by 6.6% in real terms, and the consumption expenditure increased by 6.3% in real terms, which is faster than the per capita GDP6.2% growth rate, and the consumption contribution rate has increased to 78%. Consumer goods are the main driving force for the growth of domestic demand.

Although the pressure of China's macro-economic operation has increased, the trend of steady development will not change. The state will strengthen its stable employment, and the residents' income and consumption level will move towards a well-off level. It will play a supporting role in the textile and clothing market and become the main force to promote the development of the textile industry.

November 2017 ~2018 October annual trend of chemical fiber filament fabric prosperity and price index

January 2017 ~2018 October, China's filament fabric price chart

Judging from the price trend of the 6 representative chemical filament fabrics, most of the fabric prices have picked up, but the price of imitation silk fabrics has dropped significantly.

Raw material prices continue to rise

According to the January 2017 ~2018 October, PTA futures,

The price trend analysis of cotton and Brent crude oil can clearly draw the conclusion that as the price of oil goes up, the price of polyester raw materials is soaring, and the pressure of raw material cost of weaving enterprises is increasing day by day.

In October 2018, Brent crude oil had an inflection point.

The global trade dispute escalates, the global economy is expected to fall somewhat, the demand for crude oil is lower than expected, and now that it is in the mid-term election stage of the United States, there are many uncertainties, so the future oil price trend is more difficult to judge.

Industry slowdown

According to the statistics of the National Bureau of statistics, in 2018 1~9, the total business revenue of China's above scale chemical fiber weaving and processing business was 78 billion 97 million yuan, an increase of 7.14% over the same period last year, and the growth rate dropped by 2.68 percentage points compared with the same period last year. The total profit totaled 2 billion 751 million yuan, up 8.46% over the same period last year, and the growth rate was 11.16 percentage points lower than that of the same period last year. The profit margin was 3.52%, a decrease of 1.68 percentage points compared with the same period last year.

According to China's filament weaving industrial cluster data, in 2018 1~9, Shengze, Xiuzhou, Siyang, Ping Wang and Keqiao five main business revenue increased 10.13%, the growth rate dropped 0.77 percentage points compared with the same period last year, total profit grew 8.25%, the growth rate was 26.23 percentage points lower than the same period last year, the profit rate reached 3.61%, but still increased by 0.19 percentage points from last year's growth rate.

Relevant data show that China

The economic indicators of the five clusters of chemical fiber filament weaving processing industry and filament weaving (Shengze, Xiuzhou, Siyang, Ping Wang, Keqiao) were relatively stable, and maintained a positive growth, but the growth rate had declined to varying degrees compared with the same period last year.

2018 1~9 month China's textile industry, chemical fiber weaving processing industry and major clusters of major economic indicators growth scale (above scale)

The growth of main economic indicators of China's chemical fiber weaving processing industry in October 2017 ~2018 (above scale):%: September

As can be seen from the above picture, from March 2018 onwards, our country

The growth rate of the processing industry continued to slow down, however, the growth rate of the three fee was slowly rising.

Comparatively speaking, the profit margins of enterprises are relatively stable.

Future development expectations

At the same time, there are still many changes in the current economic operation. The downward pressure on the economy has increased, and some enterprises are facing more difficulties and risks.

The world economy is recovering slowly.

With the slow growth of demand, the depreciation of RMB, the escalation of trade disputes and other factors, the export environment is complex and changeable. Many uncertainties make China's pressure on exports unabated.

In addition, the pressure of environmental protection and the rising cost of production factors have brought trouble to textile enterprises.

In the future, China's chemical fiber filament weaving enterprises should upgrade equipment upgrading, product quality and high value-added development as a prominent task of enterprise development.

At the same time, we must pay attention to risk control, enhance the foresight of risks, and take timely measures to enhance the ability of enterprises to resist in a complex economic environment.