The Export Volume Of Pure Polyester Yarn Is Increasing In A Narrow Range In October, And The Future Import And Export Will Be Under Pressure.

In October, domestic textile exports continued to rise from last month. In dollar terms, textile exports in October amounted to 10 billion 160 million US dollars, an increase of 4.6%. Textile exports in the 1-10 months were 99 billion 310 million US dollars, down 0.1%. As far as pure polyester yarn is concerned, according to customs statistics, in October 2019, China's pure polyester yarn exported 29126.39 tons, an increase of 16.42%, an increase of 7.07% over the same period last year.

               

In October 2019, China's pure polyester yarn exported 29126.39 tons, an increase of 7.07% over the same period, a year-on-year increase of 16.42%, of which the export volume of pure polyester single yarn was 17081.478 tons, an increase of 20.9%, an increase of 7.06% over the same period last year, and the export average price of 1810.5, down 277.3 from the same period last year. (unit: yuan / ton)

Export producing countries	Ten month	Nine month	Chain ratio
Egypt	Five thousand three hundred and forty-four point zero six one	Three thousand two hundred and twenty-two point two nine nine	+65.85%
The People's Republic of Bangladesh	Three thousand five hundred and nine point three eight three	Two thousand eight hundred and ninety-one point three eight two	+21.37%
Vietnam?	Three thousand one hundred and fifty-eight point four five six	Three thousand and forty-six point five five one	+3.67%
Brazil	One thousand nine hundred and eighty-three point six one nine	One thousand four hundred and ninety-one point two seven four	+33.02%
Iran	One thousand four hundred and fifty-three point five one one	One thousand and fifteen point zero two one	+43.20%
Syria	One thousand three hundred and forty point nine one four	Six hundred and fifty-eight point five two four	+103.62%
Indonesia	One thousand three hundred and eleven point four eight two	One thousand four hundred and fifteen point eight three eight	-7.37%
Pakistan	One thousand one hundred and sixty-one Point Zero Zero six	One thousand two hundred and forty-five point two six three	-6.77%
India	Nine hundred and ninety-six point nine eight six	One thousand four hundred and sixty-one point four six seven	-31.78%
Mexico	Nine hundred and seventy-eight point zero seven nine	One thousand one hundred and sixty-four Point Zero Five Five	-15.98%

At present, the growth of international trade accounts for some emerging countries.

From the main export production and marketing countries, it is still mainly in Southeast Asia, the Middle East and other countries. Syria's textile industry is one of its pillar industries. It is the second largest industry after Syria's oil industry. Its products are exported to Germany, France, Turkey and other European countries in addition to meeting the market demand of countries such as Lebanon, Jordan and Iraq. The demand for imported yarns has been increasing since the production of weaving industry has gradually resumed after the war.

Egypt's proximity to Europe and the Middle East has its geographical advantages and its own cotton spinning industry chain attracting neighboring Turkey and Chinese enterprises to invest here. But Egypt lacks a variety of garment supply chains, and the fields of spinning, weaving, dyeing and design are relatively weak. Polyester yarn and other products are dependent on the more mature Chinese imports of spinning technology.

Sino US trade friction is one of the reasons for the slowdown in China's exports, but not the only reason.

Trade friction between the United States and China has accelerated the transformation and upgrading of the domestic textile industry. With the change of the external situation and the expansion of the scale of the industry itself, the development of China's textile industry has already entered a period of slowing down of total growth and a period of deep adjustment and transformation. The current development speed is within reasonable expectations, which is the inevitable result of the development and expansion of the textile industry and structural adjustment. In the future, the key areas of direct participation in international market competition will gradually shift from clothing to upstream products such as fabrics, fibers and other industrial chains.

The depreciation of the RMB exchange rate can stimulate the export of our products to a certain extent.

Most domestic yarn enterprises' foreign trade orders rely mostly on traders for export, while traders have accounts for producers' payment methods. Yarn enterprises worry that the RMB exchange rate will be reversed again, which will bring risks to traders' export profit compression, which will lead to prolonged payment and even loss of payment for yarn enterprises. Therefore, spinning enterprises have moderate control over the export quantity and prepayment ratio of such enterprises. On the contrary, the depreciation of the RMB exchange rate can stimulate the export of our products to a certain extent.

Above all, the impact of trade consultation on the market is uncertain. With the rise of polyester staple industry in Southeast Asia, the future spinning technology is gradually maturing, and the dependence on the import market of China is decreasing. Therefore, China's import and export will still face some pressure in the coming period.