Ethylene Glycol: Double Luck Does Not Happen Alone.

Trump's personal tweets show that since May 10th, the United States has increased tariffs on US $200 billion in goods exported to China from 10% to 25%.

On May 10th, a spokesman for the Ministry of Commerce issued a statement on the US's formal implementation of the tariff increase: the US side has raised the duty on the Levy of $200 billion on China's exports to the us from 10% to 25%. China is deeply sorry about this and will have to take the necessary counter measures.

The Sino US trade situation has changed, and the financial market has been fluctuating fiercely. However, the textile industry and exchange rate fluctuations which are closely related to it also involve market participants. Last week, in the eleventh round of Sino US economic and trade consultations without clear optimism, the opening of this week's financial market performance weakened, and export oriented textile related products futures fell, although the domestic cotton market has entered the traditional cotton main production area weather speculation stage, but due to the external market situation is too complex, Zheng cotton and cotton yarn futures both limit down, PTA decline is weak as raw materials, and another chemical fiber raw material ethylene glycol bears the financial risks of the external environment and the pressure of the terminal industry, and it is also a long way to bear.

For the Trump government's proposed tariff list of about $200 billion for Chinese products, JOYOU information has made data analysis. The commodity category mainly includes seafood, fruits and vegetables, yarn, wool, raincoat jacket, and so on. China's exports to the United States, such as woven garments, knitted garments and household textile products, are not included in the list.

For the current situation, in short, China's textile industry is looking forward to stable exchange rate, looking for industrial transfer and transformation and upgrading. With a stable exchange rate, we can get security and reduce costs to accelerate the transfer to Southeast Asia, so as to enhance product quality, promote transformation and upgrading of enterprises, and avoid the long-term impact of Sino US trade friction.

In the short term, the textile industry is bad for the formation of polyester industry chain from the bottom to the top, although the polyester plant has started a high level, but the terminal weaving Market is not flourishing, the inventory of grey fabric is high, resulting in the poor production and sale of polyester products, and the average monthly production of polyester and silk is about 81%. At present, polyester is in a state of loss. The factory will stop or cut down the production of polyester factories, and the market of raw materials will be reduced. At that time, PTA will still have the main factory backing, and who will save the ethylene glycol? "" when the polyester plant is on the market, there will be a reduction in production of the polyester industry. "In April,