How to grasp the trend of the textile industry this year? China Textile Federation's spring survey is about to start; the Ministry of Textiles and Textiles of India will jointly launch the "Indian Size" with the National Fashion Institute; starting in 2020, Uzbekistan will stop exporting cotton... What other things not to be missed in the textile and apparel industry last week Foreign affairs? The editor has compiled the following hot spots for you, let’s review them one by one.
1. Tariff increase enters the "countdown", Sino-US economic and trade consultations are intensively launched
At the invitation of the United States, President Xi Jinping's special envoy, member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council, and the Chinese leader of the China-U.S. Comprehensive Economic Dialogue, Liu He will visit Washington to meet with U.S. Trade Representative Lighthizer and Secretary of the Treasury from February 21 to 22. Mnuchin held the seventh round of high-level Sino-US economic and trade consultations, which was only five days after the last dialogue between the two sides. The time limit for the increase of tariffs on some Chinese products to 25% at 0:00 on March 2 announced by the United States is getting closer and closer. Every process and final result of Sino-US economic and trade negotiations affects the hearts of textile industry.
Experts said that trade frictions have both negative and positive effects on China, but which kind of impact is more profound, I think we need to look at it in the long run. Changes in tariffs are usually short-term, and in the long run, the impact is limited.
2. India will push new standards to meet the needs of domestic and foreign markets
Indian Trade Union Minister Smriti Irani recently stated that the United States, the United Kingdom, and even the entire Europe have their own size standards for the apparel sector, but India regrets that it is missing. This is currently one of the biggest challenges facing India's apparel export sector. However, according to her, India will soon have its own set of standards in the textile and apparel industry.
She said that India is capable of meeting the huge market demand at home and abroad, but in its history, there has never been a study to determine the strength and scale of its domestic market. "The forthcoming statistical study will classify the needs of the Indian domestic market and make it a basis for building an'Indian size' and creating and strengthening the apparel industry."
3. The EU will fully implement the NPE ban on imported textiles
Recently, the European Union passed a ban on nonylphenol polyoxyethylene ether (NPE) in textiles. The ban sets a five-year transition period. After the expiration, if the NPE content of textiles exceeds 0.01% (ie 100mg/kg), they will not be allowed to enter the EU market. The industry believes that this ban will have a profound impact on textile companies.
4. The 2019 China Textile Federation spring survey is about to start
2019 is the 70th anniversary of the founding of the People's Republic of China and a crucial year for building a well-off society in an all-round way. The industry will continue to follow the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era and fully implement the spirit of the Central Economic Work Conference. At the beginning of this important year, China Textile Federation's spring survey in 2019 is about to start. From February 20th to March 3rd, the leaders of China Textile Federation will lead 10 teams to conduct industry research in various places.
5. After the holiday, the market trend of polyester filament yarn is stable, waiting for the digestion of demand
In the first week after the Spring Festival holiday, regardless of whether the raw material PTA market rose or fell, the polyester filament market remained stable. Behind the quiet market, undercurrents are constantly surging. The polyester filament market and the "good start" market seem to be drifting away.
On the whole, behind the stable operation of the polyester filament market this week, polyester filament factories and downstream factories have to face mutual trials and compete with each other for new order prices. In February, the "good start" market, in the recent market of raw material PTA continued to drop, and the sales pressure of polyester filament factories in the market outlook, has become gradually out of reach, and this year's polyester filament market will also have heavy responsibilities. The road is far away.
6. Investigation Report on Machine Substitution in Textile Industry
In 2019, strengthening the construction of science and technology will still be an important part of the industry. The intelligent manufacturing process of the industry consisting of product intelligence, manufacturing intelligence and operation intelligence will continue to accelerate, and "machine substitution" is an important part of manufacturing intelligence. Will still become a hot spot in the industry.
7. Uzbekistan will stop cotton exports and vigorously attract foreign investment
“Due to the development of the country’s cotton textile industry, Uzbekistan will stop exporting cotton from 2020.” Uzbekistan’s President Mirziyoev made a clear statement a few days ago, once again showing to the outside world that Uzbekistan hopes to transform and upgrade from a traditional cotton-producing country. The firm determination to become a textile power.
There are two main reasons why the Uzbek government is actively seeking to transform from cotton exports to textile exports: one is to value the higher added value of textiles, and the other is to see its own huge potential in the textile field. As a traditional cotton planting country, developing the textile industry according to local conditions can not only give full play to the raw material cost advantages of self-produced cotton, but also quickly realize the upgrading and promotion of local industries through the combination with foreign advanced technology and capital, and drive the economic development of various regions. Analysts believe that the good news of the U.S. "lifting the ban" of Uzbek cotton will lay an important foundation for Uzbek textile exports to the EU, North America and Japan markets.
8. The performance of apparel companies in 2018 was "mixed"
The 2018 annual performance forecasts of A-share listed apparel companies have been disclosed. According to rough statistics, among the 25 listed apparel companies that have separately disclosed their annual performance announcements recently, 9 companies have issued performance pre-increasing announcements, and those that have issued performance pre-decreasing announcements There are 9 companies, and 7 companies have announced their performance pre-loss announcements. Their performance has shown a "mixed good and bad" situation, and the development momentum of each company is gradually diverging.