Textile And Garment Industry Is Hard To Resist Rising Costs

The Ministry of industry and information technology recently announced the national industrial operation in the first half of the year, of which data show that China's textile industry is running well overall, and its profit growth has increased by 57.7 percentage points over the same period last year.

However, the industry also pointed out that a series of problems, such as the rapid increase in raw material prices, the complex international economic environment, and the expected appreciation of the renminbi, have led to many uncertainties in the development of the industry in the second half of the year.

According to the report of the Ministry of industry and information, according to the data provided by the National Bureau of statistics and the General Administration of customs, the industrial added value of the textile industry increased by 12.2% in the first half of this year, up 4 percentage points from the same period last year, down 1.2 percentage points from the first quarter, and the value of export delivery increased by 16.3%, an increase of 2.4 percentage points over the first quarter, an increase of 7.1% over the same period in 2008.

In the month of June, the added value of textile industry increased by 9.8% over the same period last year, down 2.2 percentage points from last month, and the value of export delivery increased by 19%, up 1 percentage points from last month. The output of yarn, cloth and clothing increased by 12.5%, 12.6% and 16%, respectively, and the chemical fiber increased 2.6%.

From 1 to May, the textile industry achieved a profit of 70 billion 100 million yuan, an increase of 58.7%, an increase of 57.7 percentage points over the same period last year, of which the textile industry realized a profit of 41 billion 800 million yuan, an increase of 63.8%, and the garment and its manufacturing industry realized a profit of 20 billion 200 million yuan, an increase of 26.4%.

Over the same period, the profits of Industrial Enterprises above designated size increased by 81.6%.

According to the relevant personage in the industry, the recovery effect of industry benefit data is relatively large, mainly due to the continuous improvement of the domestic market, the improvement of the international market demand, and the continuous improvement of the quality of the operation of the industry.

In addition, the low base last year is also one of the reasons for the larger profit growth in the industry.

With the gradual reduction of low base factors and prominent cost pressures last year, the industry will show a trend of "high before and after low" all year round, and the industry's economic growth will slow down in the second half of the year.

Insiders pointed out that with the expansion of the country

According to the Ministry of industry report, the purchase price of raw materials, fuel and power increased by 10.8% over the first half of last year.

Domestic cotton and cotton yarn prices continue to rise.

In June, the domestic cotton price index (level 328) price was 18309 yuan / ton, up 838 yuan / ton from last month, up 42.6% compared to the same period last year.

The price of pure cotton yarn in Zhejiang Qian Qing market is 28500 yuan / ton, up 1000 yuan / ton from last month, up 60.1% compared with the same period last year.

The price of polyester chips and polyester filament increased by 300 yuan / ton and 650 yuan / ton respectively than the end of last month, and the price of polyester staple fiber dropped 60 yuan / ton compared with last month.

The latest data from the National Bureau of statistics show that in June, the clothing factory industrial prices rose 1.9%, while consumer prices decreased by 1% compared with the same period last year, indicating that the cost pressure of clothing industrial products is still difficult to pmit through the industrial chain to terminal consumption.