Textile Exports Increased By &Nbsp In March, And The Industry Situation Is Still Not Optimistic.

according to Customs Statistics, March 2011 China textile , Garment industry The actual exports of the US dollar value change continued to maintain a relatively high level year-on-year; Ma Wenfeng, an analyst from Eastern Beijing, said that a substantial increase in actual exports had certain support for cotton yarn and cotton prices, but the rise in domestic and foreign cotton prices and textile raw material prices was also positive. Textile industry Greater pressure is placed on the industry and the situation is not optimistic. Preliminary customs statistics show that in March 2011, the total export volume of textiles and clothing was 16 billion 569 million US dollars, an increase of 350.57% over the same period last year, a year-on-year increase of 1.68%, of which 7 billion 898 million US dollars in textile exports and 8 billion 671 million US dollars in clothing exports, up 56.44% and 45.59% respectively, rising by 96.15% and -29.33% respectively.

In March, exports of textiles and clothing accounted for 10.89% of the total domestic exports. The proportion of textile and clothing exports is at a low level in the past 6 years.

Consider the impact of the US dollar depreciation of 5.42% in March, textile Total clothing value The actual export volume of textiles and clothing was increased by 45.15%, 51.02% and 40.17% respectively, and the US dollar promoted the rise of commodity prices, and also promoted the growth of trade volume to a certain extent.

It is noteworthy that due to the tight supply of global cotton in 2010, cotton and other textile raw grain have become the targets of international capital speculation in the context of increasing international inflationary pressures.

In March, international and domestic prices of cotton and textile materials hit a new high, creating great pressure on China's textile industry. Among them, the monthly average price of international cotton prices reached 5116 US dollars / ton, the international futures price was 4678 US dollars / ton, and the price of imported textile chemical fiber raw materials reached US $3368 / ton, all of which were all new highs. The growth rate was 170.77%, 147.84% and 44.32% compared with the same period last year, and the growth rate was 6.13%, 6.05% and 1.03%. The real price changes caused by changes in US dollar values rose by 165.35% and 142.42% respectively.

Domestic cotton price spot price 60684 yuan / ton, futures price 30716 yuan / ton, year on year 97.48% and 88.31%, respectively, up 2.14% and -4.93% respectively. The actual year-on-year price distribution of cotton that deducted the value of RMB increased by 95.87% and 86.70% respectively.

The sharp rise in cotton prices will have a certain effect on cotton production. However, downstream demand will have a deterrent effect, and at the same time, it will have a significant inhibitory effect on the profits of the textile industry. According to the monitoring of Eastern AGMA Wenfeng, the actual processing profit rate in March will be reduced to a lower level of 2.94%.